Reporting
UBC is committed to being transparent in our reporting
The university produces a variety of regular financial reports and public disclosures to share information about our finances and update the public on our financial operations.
Annual Budget Report
The UBC Budget represents the financial plan for the university—it serves as a roadmap for allocating the university’s revenues against anticipated expenses. The annual budget report is submitted to the university’s Board of Governors in March each year.
Consolidated Annual Financial Statements
Our consolidated annual 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.
Statement of Financial Information (SOFI)
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 UBC’s Board of Governors, and details of outstanding debt. This information is published annually, following the March 31 fiscal year end.