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U of A board approves 2010–11 budget

The old harse barn, located on South Campus since 1930, has been move to make way for construction of the Go Community Centre, a recreational facility, which is scheduled to open in the summer of 2011.

On March 26 the University of Alberta’s Board of Governors approved a $1.6 billion consolidated budget for the university’s 2010–11 fiscal year, which began April 1. Also approved was the university’s operating budget of $871 million. Although the consolidated budget is in a positive position, the operating budget was approved with a $14.7 million deficit.

University Provost and Vice-President (Academic) Carl Amrhein says it was an extremely challenging year for the university in preparing its 2010–11 budgets. The operating deficit, he said, ultimately results from the difficult economic times, and while the deficit will present challenges in the coming year for the university, the number could have been worse were it not for the university community effectively coming together to find solutions.

“As we went into planning for the 2010–11 fiscal year the projected budget gap was $59 million. To reduce the gap by as much as we were able is a testament to the commitment of all groups at the U of A working together with the goal of preserving the level of excellence in teaching, research and the student experience here. Getting to this budget was a remarkable exercise in collaboration and co-operation across the institution,” Amrhein said. “The result is that the impact on the university will be as minimal as it can be given the economic realities.”

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