The document summarizes the fiscal and economic climate facing Canadian universities and colleges in 2012. It notes that government deficits and debt were high while economic growth was weakening. This meant that federal cash transfers and provincial operating grants to post-secondary institutions would likely decline. Enrollment was increasing but research funding was decreasing. Expenditures were focused on salaries but this was not a major cost driver. The financial health of institutions varied widely based on their specific revenue sources, expenditures, debt levels, and decisions made.

1. University and College Financial Outlook, 2012 CAUT President’s Workshop David Robinson Associate Executive Director [email_address] January 15, 2011

3. Fiscal and Economic Climate

5. Net gov’t debt (% of GDP)

6. Government deficits, 2011 (% of GDP)

7. Net debt as % of GDP

8. Budgetary balance as % of GDP

10. Weakening growth

12. Uneven exposure to Euro crisis

13. University Revenues

14. Federal PSE Cash Transfers ($ billions)

15. Federal PSE Cash Transfers (% of GDP)

16. University Revenues, $2008

17. Operating Revenues, $2008

18. Operating Revenues ($2008)

19. University enrolments 2010-11 (% change) Undergraduate Graduate Canada 3.6 4.0 NF and Labrador 0.7 4.8 PEI 3.0 17.6 Nova Scotia 3.4 6.2 New Brunswick 1.0 1.9 Quebec 4.4 3.2 Ontario 3.8 3.6 Manitoba 1.8 1.0 Saskatchewan 1.8 6.6 Alberta 2.8 4.4 British Columbia 4.5 5.8

20. Research Funding

21. Federal research grants, $2008

22. Sponsored research funding, $2008

23. Federal Research Funding Granting Council Base Funding, 2007-2012 (constant 2010 dollars, millions) 2007-08 2008-09 2009-10 2010-11 2011-12 % change (2007-12) SSHRC 383.7 358.1 350.4 342.5 342.6 -10.7% NSERC 1057.9 1051.8 1070.6 1050.7 1044.8 -1.2% CIHR 1017.8 989.8 1001.8 980.8 976.3 -4.1% Indirect Costs 327.8 335.7 330.9 322.4 325.9 -0.6% Total 2787.2 2735.4 2753.6 2696.4 2698.6 -3.2%

24. University Expenditures

25. Academic rank salaries as % of operating expenditures

26. Operating expenditures by category (% of total)

27. % change in op. expenditures, 1998-2009

28. Net balances FY 2009 ($000s)

29. Long-term debt per FTE student

30. Expendable resources per FTE student