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. |