UNBC Has Bright Future Says Pres
By 250 News
The President of UNBC says although the University has some financial challenges, it has a lot to look forward to.
Board of Governors member, Bill Lynch says there are numerous positive marks coming up in the near future for UNBC:
- new graduate FTE funding from the province
- Planning for Northlink
- opening of the Northern Sport Centre and the Teaching and Learning Centre
- New student centre,
- Cutting edge research
- and student success.
But the funding challenges are real.
Dr. Cozzetto says the University must operate on a balanced budget scenario, and it has done that and will continue to do so. However, in the years ahead if something wasn't done to close the gap between revenue and expenditures, there would be serious issues. Part of the problem says Cozzetto is that the rate of growth of faculty and staff numbers has been far greater than the rate of growth of student enrolment.
The plan to bring in a balanced budget for the next fiscal year involved a 3 year plan to reduce the staff compliment by 25 and the faculty compliment by 25.
On the staff side, a lot of the reductions have been able to be accomplished through attrition, and on the faculty side incentive packages have been offered as well as early retirement programs. Dr. Cozzetto says it means the University has a new structure and for the next fiscal year, the projected deficit has been cut by $1.8 million dollars.
Previous Story - Next Story
Return to Home