Kristy Lin
UBC Budget Update
This week, the proposed UBC budget for 2022/23 was presented to the Board of Governors’ Finance Committee for review, in advance of consideration for approval by the full Board of Governors on March 31, 2022. Once approved, the budget report will be made available on the UBC’s Annual Budget page and will be shared via UBC Today. […]
Enhancing UBC’s Financial Budgeting, Forecasting and Analysis Support
In addition to preparing and managing UBC’s annual financial budgeting process, the Comptroller’s Budget Office team has seen increasing demand for complex future-facing financial analysis, expanded budget and forecasting support, and the integration of new technologies such as Workday and Adaptive Planning. To better respond to these needs, the Budget Office team is reforming under […]
Auditor General’s report gives context on their audit of UBC’s financial statements
At the end of every fiscal year, the B.C. government combines the financial information from over 160 entities, including UBC, and produces a consolidated set of summary financial statements. The information in these statements is important because it indicates the financial well-being of the province. The office of the Auditor General of BC audits these […]
UBC IMANT shares university’s first Endowment Carbon Footprint Report
UBC Investment Management Trust (UBC IMANT) has created and shared the first carbon footprint report for the university’s Endowment. As directed by UBC’s Board of Governors, IMANT has been spearheading carbon footprinting efforts and implementing principles of Responsible Investing, with a particular focus on climate risk and carbon dioxide emissions. The UBC Endowment Carbon Footprint […]
UBC’s Financial Results for 2020/21
The 2020/2021 fiscal year was unprecedented and challenging in many ways for the global economy — and for UBC — due to the onset of COVID-19. However, the collective resilience of our university community has enabled us to weather the impact of the pandemic more positively than anticipated. Our audited financial statements, which were approved […]
Consolidating Capital Expertise in the VPFO
We are pleased to announce the creation of a new Capital Financial Management team that will be responsible for the oversight and governance for UBC’s significant capital operations (i.e. over $1B ongoing/multi-year projects). The university’s capital accounting and capital reporting activities have historically been split between the Facilities group and the Comptroller’s team in the VP Finance & Operations […]
UBC Affirmed with “AA+” Rating from S&P
Credit rating agency S&P Global Ratings (formerly Standard & Poor’s) has re-affirmed UBC’s credit and senior unsecured debt ratings as “AA+”. The rating reports an expectation that “within our two-year outlook horizon, the university will maintain an excellent market position and demand profile.” The report acknowledges that, like other universities rated by the S&P, UBC […]
UBC evaluated as having “Outstanding Market Position” by Moody’s
Bond credit rating company Moody’s Investors Service (commonly referred to as “Moody’s”) has given UBC an Aa1 rating, reflecting “an outstanding market position supported by robust student demand, and a very strong research reputation which has historically allowed the university to generate strong operating results.” The rating also reflects “a large endowment fund and low […]
UBC Continues Commitment to Mitigating Climate Change, Signs Principles for Responsible Investment
Following UBC’s declaration of a climate emergency and commitment to two key divestment initiatives, the university is pleased to share that UBC Investment Management Trust (IMANT) has signed the internationally-developed Principles for Responsible Investment on behalf of UBC and the UBC Staff Pension Plan. This is a voluntary and aspirational set of six broad principles […]