U de S balances budget and focuses on new strategic plan

The Université de Sherbrooke adopted its 2018-2019 budget on Monday, based on an increase in funding of some $9 million. The university is spending $3.1 million to hire professors and $1 million to implement a new strategic plan.

"The Government of Quebec has announced a plan to increase university funding over the next five years,” said Vice-rector for Administration and Sustainable Development Denyse Rémillard, “However, it is only at the end of this period that this enhancement will exceed cuts made from 2012 to 2016."

On December 18, 2017, the Board of Directors adopted a budget orientation of "striving for balance while preserving the university's mission, including its ability to develop and equity between faculties and other employee groups.

In keeping with that plan, the Université de Sherbrooke has presented a balanced budget for 2018-2019 based on the following assumptions: -Revenues of $ 413.4 million, up 3.2%. -Indexing of 1.47per cent of some elements of the grant for additional revenues of $3.8 million.

- Indexation of 2.7 per cent of tuition fees and institutional fees in the fall of 2018 - a rate regulated by the Ministry of Education and corresponding to the last known annual change in household disposable income per capita).

-Anticipated exceptional income of $1.8 million.

-Expenditure increase of 4.4 per cent, for a total of $417.8 million.