budget 2025-26
Budget 2025-26
Simon Fraser University is committed to financial accountability and transparency. Guided by our four priorities outlined in What’s Next: The SFU Strategy, we are working towards our vision to be a leading research university advancing an inclusive and sustainable future.
To help make informed financial decisions, and in alignment with our requirements in Policy B10.05, the university creates a yearly budget that guides academic program delivery and administration of the university. The budget process is a collaborative effort led by the Offices of the Vice-President, Finance and Administration and the Office of the Provost and Vice-President, Academic.
Budget Cycle
| Fiscal year-end & outlook updated (Mar –Jun): | Financial results from the previous year are reported and financial projections for the next year are updated. |
| Options considered (Jul – Aug): | Given the financial outlook and the need to balance the budget, different options for managing financial constraints are considered—such as key priorities, trade-offs, value for money and the long-term resiliency of SFU. |
| Campus discussions (Sep – Oct): | Budget meetings are held with various groups across the university. |
| Budget development (Nov – Jan): | Detailed budgets are developed for 365 departments across the university, reviewed and approved by those with fiscal responsibility for those areas, including Chairs, Directors, Deans and VPs. |
| Review & approval (Jan – Mar): | The budgets are collected, reviewed and sent to SFU’s Board of Governors for approval. |
Budget Development
Faculty and Staff
The 2025-26 budget information session held on Nov 18, 2024, was led by Dilson Rassier, Provost and Vice-President Academic and Chief Budget Officer. This session provided faculty and staff with insights into SFU’s 2025-26 budget planning process to support meaningful discussions with leaders and teams as budgets are developed. See the 2025-26 Budget Information Session Summary for more information.
Students
Student input is vital to SFU's budget development process. The university ensures student perspectives are considered in our financial planning. Below are the key consultation activities and their current status:
- Tuition consultation survey (select group, now closed)
- Discussions with SFSS and GSS (completed)
- What we heard (coming soon)