In recent years, UBC has been responding to new trends in the post-secondary sector in order to continue providing top-tier education.
This has included finding cost savings and reducing overall reliance on government operating funds. With an annual budget of more than $2.7 billion, a $1.2 billion endowment, and responsibility for all university facilities, we are committed to being transparent in our financial reporting.
Consolidated Financial Statements
Our consolidated financial statements reflect the assets, liabilities, revenues and expenses of UBC. They are prepared according to accounting standards, audited by our external auditors and reported to the Province.
Financial Information Act
The BC Financial Information Act requires that public institutions publish certain supplementary information. This information is not audited by the external auditors. It includes payments to suppliers in excess of $25,000; employee salaries above $75,000; remuneration for our Board of Governors and details of outstanding debt. This information is published annually, following the March 31 year end.