What is the current situation in the post-secondary sector?The University Act requires all universities in British Columbia to balance their budgets.Stagnant government funding for the past several years, coupled with cuts in operating dollars, has left many B.C. public post-secondary institutions, including Capilano University, having to find ways to trim costs and increase revenues.Decreasing government funding, escalating costs, increased student demand for services and access, and the impact of labour negotiations, have resulted in universities across Canada cutting programs, raising tuition and eliminating faculty and staff positions to achieve balanced budgets.
How does this reality affect Capilano U?Capilano University has been coping with budget shortfalls for the past ten years. Unlike other new universities in B.C., Capilano’s operating grant was never adjusted to reflects its new status as a university. Cap receives the lowest grant per student (full-time equivalent (FTE)) among all universities in the province, and the third-lowest grant per FTE among all the post-secondary institutions in B.C.To maintain a balanced budget, many administrative efficiencies have been implemented (e.g.vacancies unfilled, positions eliminated, credit cards no longer accepted for payments, etc.). It has become increasingly clear that administrative reductions and efficiencies can no longer address the ongoing budget pressures.
What factors influence the 2014/15 budget?
Where does this leave Capilano U?
Capilano University | 2055 Purcell Way, North Vancouver, British Columbia Canada V7J 3H5 Tel: 604.986.1911
Sunshine Coast | 5627 Inlet Avenue, Sechelt, British Columbia Canada V0N 3A0 Tel: 604.885.9310