CBU Board of Governors Approve 2013-14 Operating Budget

The Cape Breton University (CBU) Board of Governors was tasked today with making significant decisions as they addressed and approved the 2013-14 Operating Budget of just over $44 million.

Sitting at his first Board meeting as incoming CBU President and Vice-Chancellor, Dr. David Wheeler noted that, “The budget document presented to the Board is another example of focused institutional planning by the university community under the leadership of Vice President – Finance & Operations, Gordon MacInnis. The 2013-14 budget builds and capitalizes upon the responsible planning of recent years, all during a time when the post-secondary education sector in Nova Scotia has experienced and continues to experience great pressure and uncertainty.”

The budget proposal, approved by the Board, is based upon outcomes of the ongoing planning process at CBU, with decisions being made while being mindful of continuous reduced provincial funding, tuition increases and both domestic and international enrolment trends. Since 2011, CBU has experienced a cumulative 10.4 per cent decrease in funding from the Nova Scotia Government.

Gordon MacInnis, Vice-President, Finance and Operations adds, “The document strives to be financially flexible where possible, while being considerate of enrollment objectives and the need for enhanced student support services and infrastructure. Prudent planning in recent years, combined with key reinvestment strategies and a continued increase in international student enrolment form the basis of this budget. Until discussions between the universities and the Province on key points such as tuition policy and operating grant methodology are farther advanced, it is challenging to engage in long-term planning. This one-year approach will allow for stability while CBU transitions to new leadership under President David Wheeler and embraces future strategic directions and priorities.”