Kristy Lin
What do we mean when we say “budget” at UBC?
UBC’s annual budget process is underway, and our faculties and administrative teams are working on the unit-level financial plans that will feed into the university-wide budget proposal that is presented to the Board of Governors for approval. At the same time, the VP Finance & Operations (VPFO) is leading a wider strategic budget review in […]
2023 Statement of Financial Information (SOFI) now available
The Annual Statement of Financial Information (SOFI) for year ended March 31, 2023, is now available on the UBC Finance website. 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; […]
International Fraud Awareness Week is November 12 to 18
In the spirit of the upcoming International Fraud Awareness Week from November 12 to 18, 2023, the VP Finance & Operations’ Finance division is partnering with the Office of Enterprise Risk and Assurance (ERA) to reaffirm UBC’s unwavering commitment to integrity and the highest ethical standards. We encourage everyone to actively engage in practicing and […]
UBC Investment Management releases FY22-23 Annual Report
The UBC Investment Management FY22-23 Annual Report is now available. UBC Investment Management released its FY22-23 Annual Report today, delivering strong performance on behalf of the funds we manage, The University of British Columbia Endowment and the UBC Staff Pension Plan, while at the same time furthering our efforts in support of the funds’ responsible […]
Finance & Integrated Services launches Procurement Programs within Strategic Sourcing
Procurement Programs is a new team within Finance & Integrated Services’ Strategic Sourcing within VP Finance & Operations. The team is responsible for leading the development of UBC’s strategic sourcing and procurement approach based on three fundamental pillars: Indigenous Procurement, Sustainability (Environment), and Equity, Diversity, and Inclusion (EDI) Procurement. The team is focused on Indigenous […]
Supporting UBC’s sustainability strategies
VP Finance & Operations’ Procurement Services within Finance & Integrated Services and VP Research & Innovations’ Innovation Partnerships will be collaborating with the Canada Climate Law Initiative (CCLI) to support UBC’s sustainability strategies outlined in the Climate Emergency Task Force Report. Through this collaboration, Procurement Services will help deliver on our UBC sustainability strategies and […]
Read UBC’s 2023 Annual Financial Statements
The Annual Financial Statements for year ended March 31, 2023, is now available. UBC’s consolidated financial statements reflect the assets, liabilities, revenues and expenses of UBC, covering the fiscal year from April 1 to March 31. They are prepared according to accounting standards, audited by our external auditors and reported to the Province. The 2022/23 fiscal […]
UBC Investment Management releases 2022-23 Performance Results
UBC Investment Management is pleased to release FY22-23 performance highlights on behalf of the funds the firm manages: the UBC Main Endowment Pool and the UBC Staff Pension Plan (SPP). All results as of March 31, 2023.
Read the 2023 Endowment update
Every year, the university provides a summary report for each endowed fund to the designated donor contact. It includes information on the impact that endowments are providing to our students, faculty members, programs and the community. The report also details the financial activity in the endowment account for the previous fiscal year. The 2023 University […]
UBC publishes first Task Force on Climate-Related Financial Disclosures (TCFD) Report
In 2018, the Canadian government formally endorsed the adoption of Task Force on Climate-Related Financial Disclosures (TCFD) recommendations by all Canadian organizations to support Canada’s commitment to the Paris Agreement. The Task Force on Climate-Related Financial Disclosures (TCFD) recommendations were created by the Financial Stability Board to provide external stakeholders of an organization with the necessary […]