Provide Your Input
The budget development process outlines how we prepare the annual budget and identifies opportunities to provide input and feedback.
Background and Environment
The college budget allocates resources to deliver programs and services and to operate the college, meeting our commitments to students, employees, communities, partners, and funding and regulatory agencies. There are two types of budgets: annual operating budgets and capital budgets.
The budget process identifies:
- Capacity and service-level gaps.
- Resource allocations that meet those gaps to the greatest extent possible and that sustain positive and measurable impact on learners.
- Opportunities for increased revenue, operational savings, growth and innovation.
2026–2027 Budget Development Process
A reduction in international tuition remains a significant challenge for the college. We are actively planning a framework for mitigating another year with a projected deficit.
It is important for all employees to be aware that the 2026–2027 budget will be extremely challenging and will require a range of approaches and innovative solutions to reduce costs while increasing grants and revenues.
We need everyone to continue the spirit of cooperation, innovation and intrapreneurship to help us achieve a balanced budget.
Timeframes and Process
We should know the final government funding commitment for 2026–2027 by April 2026. Based on the current year’s actual funding level, the 2026–2027 budget will be finalized and presented to the board of governors for approval at the March 2026 meeting.
|
Date |
Stage/Event/Milestone |
|
August 2025 |
Budget development process begins.
|
|
August 2025 |
Broad program, project, services and risk mitigation priorities identified.
|
|
November 2025 |
Preliminary “baseline” budget sheets developed for divisions and departments by Finance and distributed to deans, directors, chairs and managers.
|
|
November 2025 |
Communication of budget development process through internal updates and department staff meetings. Senior administrators can be invited to school, department and division meetings to discuss concerns and answer questions.
|
|
December 2025 |
Initial budget discussions from schools, departments, divisions provided to Finance in revised budget version.
|
|
December 2025 |
Finance updates the versions and assembles the second draft of the budget for division review by deans, directors, associate vice-president and vice-presidents.
|
|
January 2026 |
Budget discussions and decision-making within divisions with deans/chairs.
|
|
January 2026 |
Leadership Team discussions and decision-making.
|
|
January 2026 |
Board of Governors meeting:
Tuition and fee bylaw for 2026–2027 brought to the Board of Governors.
|
|
February 2026 |
Annual budget meeting of all supervisors. First draft of budget presented, reviewed and modified.
|
|
February 2026 |
BC provincial budget tabled in Legislature.
|
|
March 2026 |
Confirmation of tentative 2026–2027 funding:
Final 2026–2027 budget preparation.
|
|
March 2026 |
College Board of Governors meeting: Approval of final budget for 2026–2027.
|
More Questions?
If you have additional questions about this process and our priorities for the upcoming year, please contact Andrea Hall.