UofL Finding Ways to Manage Budget Despite Provincial Cuts
LETHBRIDGE: The University of Lethbridge is close to evening out their operating budget, after having to adjust for a 7.3-per cent cut in provincial funding to post-secondary institutions, which was announced earlier this spring.
Vice President of Finance and Administration Nancy Walker, explained that they managed to reduce the deficit of just under $12-million to about $3.2-million through measures like a voluntary staff retirement program, cuts to various department budgets and an increased contribution from Ancillary Services. She noted that an increase to international student fees along with an increase to the student non-instructional fee were also factors.
Walker went on to state that the remaining $3.2-million will be covered by one time funding, but that they will continue looking for other cost saving measures. She continued that staff has been very helpful in finding ways to meet their goals, while minimizing the impact as much as possible on the students.
Posted on Friday, May 17, 2013 at 12/6/2013 3:33:38 PM
Source: Patrick Burles (@PatrickBurles on Twitter)-- Country 95 News