UBC’s Annual Budget

The UBC Budget represents the financial plan for the university—it serves as a roadmap for allocating the university’s revenues against anticipated expenses for the coming year.

UBC’s budget for 2025/26 was approved by UBC’s Board of Governors on March 28, 2025, and covers the fiscal year from April 1, 2025, to March 31, 2026.

The budget process is a collaboration between the Provost and VP Academic, UBC Vancouver, and Principal and Deputy Vice-Chancellor, UBC Okanagan, who ensure the alignment of the budget to UBC’s academic strategy, along with the VP Finance & Operations and the university’s distributed Faculty and administrative unit finance teams.

The primary aim of the annual budget process is to advance the long-term health and vitality of UBC’s academic mission and strategic aspirations (as identified in Shaping UBC’s Next Century, Strategic Plan 2018 – 2028). The budget is guided by the Government of BC’s Mandate Letter for UBC and informed by relevant economic and political factors, risk assessments, and assumptions.

Creating the 2025/26 Budget

UBC follows a decentralized budget model, meaning that Faculties and administrative units have local responsibility for managing budgets within their respective portfolios. The budget for each main campus (Vancouver and Okanagan) is developed separately, but both are combined in this report to form the consolidated budget, with supporting details provided for each.  

The budget process begins in the fall with strategic planning meetings, where Faculties and administrative units review the past year and discuss future plans. It concludes with the final budget proposal being recommended by UBC’s Executive for approval by the Board of Governors.