In response to cumulative financial pressures, Queen카지노 게임 컬렉션�s will run a $62.8 million operating budget deficit in its 2023-24 fiscal year, with existing reserves (carry-forward funds) used to cover the deficit.

The impact of the provincial government카지노 게임 컬렉션�s 10 per cent tuition cut for Ontario students in 2019, and subsequent tuition freeze, has cost the university $179.4 million to date. Ongoing inflationary costs and a decline in international student enrolment in the aftermath of the pandemic have added to the budgetary strain.

Several mitigation efforts are underway. Recently-struck committees, led by the Deputy Provost, and including representatives from faculties and shared service units, are examining international student enrollment growth along with cost containment and revenue generation strategies. They will seek to address the fiscal challenges so Queen카지노 게임 컬렉션�s can continue to deliver on the university카지노 게임 컬렉션�s strategic goals and academic mission.

카지노 게임 컬렉션�The university has been fortunate to build up reserves to help weather difficult financial situations, but ongoing reliance on these reserves is not sustainable,카지노 게임 컬렉션� says Donna Janiec, Vice-Principal (Finance and Administration). 카지노 게임 컬렉션�Acting now to mitigate our in-year deficit will provide runway to collaborate with the community on the difficult task of achieving a balanced budget by 2025/26.카지노 게임 컬렉션�

As an additional interim measure, Queen카지노 게임 컬렉션�s is imposing an immediate hiring freeze for full-time operating budget positions not currently posted or advertised. The measure will be accompanied with a process through which critical hires can be advanced on an exceptional, case-by-case basis. Further details will be shared as they become available. This process will be led by the Provost and the Vice-Principal (Finance and Administration), in consultation with the Principal and Vice-Chancellor.

The temporary measure will have an immediate impact by reducing the university카지노 게임 컬렉션�s in-year deficit and providing a starting point to explore other cost containment options.

카지노 게임 컬렉션�It is important to note that our domestic applications and acceptances remain among the strongest in Ontario,카지노 게임 컬렉션� says Teri Shearer, Interim Provost and Vice-Principal (Academic). 카지노 게임 컬렉션�Acceptances this year are up 17 per cent compared to this time last year and demand for Queen카지노 게임 컬렉션�s remains strong among prospective students, with 55,000 applications for 5,000 available first year spots.카지노 게임 컬렉션�

카지노 게임 컬렉션�We are confident that by working with our campus committees, faculties, and shared services to identify and implement the appropriate cost-containment measures, we can continue to deliver on our academic and research mission, and create an exceptional education experience,카지노 게임 컬렉션� says Provost Shearer.

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Added Jul 9, 2024: Learn about Queen's Balanced Budget Plan.