Stewardship and accountability

The University of Victoria is the grateful recipient
of financial support from governments, foundations, corporations and individuals, and we hold ourselves to the highest standards of stewardship of these resources. This report is but one of many ways in which we provide a public accounting of our activities. Further elements of the University of Victoria accountability framework can be found by visiting the university's home page www.uvic.ca and our accountability overview page web.uvic.ca/president/accountability

REVENUES AND EXPENDITURES

The excess of revenues over expenditures reflects the receipt of funding allocated to specific projects late in the fiscal year, before the projects could be planned and completed.

RESEARCH FUNDING GROWS

UVic researchers continue their outstanding success in attracting external research grant and contract funding. Such funding has increased by more than 90 per cent over the past five years. This year's slight decrease in total funding reflects funding level changes at the Tri-University Meson Facility and the Western Canadian Universities Marine Biological Society's Bamfield Marine Science Centre consortia, of which UVic is a partner.

External Research Grants and Contracts

VALUED DONORS

Through the generosity of our valued donors, investments in student support, educational programs and research initiatives grew by 235 per cent this year, led by a $10-million gift from the BC Addictions Foundation. These donations help create a future full of promise for our students and the wider community that we serve.

FINANCIAL AID INCREASES

UVic is committed to ensuring that outstanding students from diverse regions and backgrounds face no financial hurdles to admission and are supported in reaching their academic and creative potential. The value of undergraduate scholarships and bursaries has increased more than 120 per cent over the past five years. To better serve students in need, UVic is awarding them larger amounts, which accounts for a slight decrease in the number of awards this year.

Undergraduate Scholarships and Bursaries