University of Alberta: BoG Approves 2013 CIP - Michelle Mark, the Gateway

After several tumultuous months since the province announced its budget on March 7, the Board of Governors finally approved the University of Alberta’s 2013 Comprehensive Institutional Plan last Monday. Originally slated to be approved by the board back in March, the U of A had to revise several components of the CIP, particularly its budget chapter, to account for the unexpected 7.2 per cent cut to the Campus Alberta grant. Among the stated priorities for the university is to avoid incurring irreversible damage with the sudden loss of funds. As such, the administration crafted a phased three-year plan to slowly guide the institution through the cuts, rather than receive the blow all at once. The CIP states the university’s intention is to achieve a balanced budget in the 2015–16 year, though this means the 2013–14 and 2014–15 years will yield substantial deficiencies. http://thegatewayonline.ca/article/view/bog_approves_2013_cip