University balances budget for 2012-13
Alan Harrison, Provost and Vice-Principal (Academic), recently made a presentation on the university’s 2012-2013 budget to an open meeting of Queen’s community members. He described the steps that were taken to satisfy the Board of Trustees’ mandate to balance the budget. The Board approved the 2012-2013 budget at its May 4 meeting.
“The balancing act was not only to avoid a budget deficit but to do so while protecting as best we could the high quality of teaching, learning and research at Queen’s,” says Provost Harrison. “Maintaining a balanced budget in future years will become extremely challenging, but it would be even more challenging were it not for the proposed new budget model.”
The 2012-2013 budget includes limited re-investment for adopting a client-service model in Human Resources, funding a director position for the Isabel Bader Centre for the Performing Arts, supporting the internal audit plan, and ensuring maintenance budgets accommodate capital growth.