UBC’s Financial Results for 2021/2022
The UBC community demonstrated remarkable dedication and resilience in the 2021/22 fiscal year. Despite the continued challenges of the COVID-19 pandemic, the community came together to ensure a safe return to campus and to provide the best experience possible for our students.
Our audited financial statements have been approved by UBC’s Board of Governors and are now available on the Financial Reports page.
UBC’s financial position improved from the previous fiscal year as a result of:
- Strong student enrolment and sustained demand
- Improvements in investments returns
- The return to campus activities, particularly through housing, food services, parking, athletics, and recreation
These improvements have resulted in a small operating surplus of $1m. On an overall consolidated basis, the university had a surplus of $161m.
Despite these improvements, the university continues to be impacted by the effects of the COVID-19 pandemic, as well as significant inflationary and supply chain pressures. As the university and the global economy continue to recover in fiscal 2022/23, we remain committed to being proactive in our financial strategies and conservative in our approach.
Looking forward, our budget for 2022/23 includes key investments that will increase support for our students, strengthen the university’s impact, and advance our academic mission. None of this would be possible without the hard work and spirit of collaboration consistently displayed by the UBC community.