budget 2026-27
Budget 2026-27
大象传媒 is committed to financial accountability and transparency. Guided by our four priorities outlined in What鈥檚 Next: The 大象传媒 Strategy, we are working towards our vision to be a leading research university advancing an inclusive and sustainable future.
To help make informed financial decisions, and in alignment with our requirements in Policy B10.05, the university creates a yearly budget that guides academic program delivery and administration of the university.
Budget process
The budget process at 大象传媒 is a collaborative effort led by the Office of the Provost and Vice-President, Academic and in consultation with the Office of the Vice-President, Finance and Administration. Informed by the institutional strategy and the Academic Plan, the budget ensures the delivery of the university鈥檚 learning, teaching, research, engagement and support activities.
Every year, the Budget Office engages senior leadership from all academic and non-academic units, including Deans and unit heads to assess financial health and strategic needs. Under 大象传媒's decentralized model, faculties and administrative units manage their own budgets, promoting effective resource distribution and financial sustainability. Starting in the 2024鈥�25 fiscal year, the university added departmental quarterly forecasting and multi-year projections to improve planning.
大象传媒 also holds an annual budget information session for faculty and staff and engages with student societies through online consultations and surveys. These information sessions aim to help the community better understand 大象传媒's budget planning process and early considerations for the upcoming fiscal year. The final budget and financial plan is sent to the Board of Governors in March for approval.
Budget Cycle
| Fiscal year-end & outlook updated (Mar 鈥揓un): | Financial results from the previous year are reported and financial projections for the next year are updated. |
| Options considered (Jul 鈥� Aug): | Given the financial outlook and the need to balance the budget, different options for managing financial constraints are considered鈥攕uch as key priorities, trade-offs, value for money and the long-term resiliency of 大象传媒. |
| Campus discussions (Sep 鈥� Oct): | Budget meetings are held with various groups across the university. |
| Budget development (Nov 鈥� Jan): | Detailed budgets are developed for 365 departments across the university, reviewed and approved by those with fiscal responsibility for those areas, including Chairs, Directors, Deans and VPs. |
| Review & approval (Jan 鈥� Mar): | The budgets are collected, reviewed and sent to 大象传媒鈥檚 Board of Governors for approval.鈥� |
REGISTER FOR UPCOMING BUDGET INFO SESSION
Faculty and staff are invited to join 大象传媒 leadership for a virtual info session that will provide insights into the university's 2026-27 budget planning process. This session will help faculty and staff better understand and engage with budgetary discussions in their departments and units.
Date: November 20, 2025
Time: 3:00-4:30 p.m.