Budget & Planning
Leading McMaster’s Financial Planning
The Provost oversees the creation and allocation of the university’s budget, making strategic investments that support the five priorities in McMaster’s Strategic Plan. As Chief Budgetary Officer, she maintains the sound financial health of the university while ensuring enough flexibility to meet the evolving needs of Faculties and support units.
The Provost sits on McMaster’s Board of Governors who are responsible for approving the yearly consolidated budget and is an ex officio member of the Budget Committee which reviews the budget framework, responds to budget submissions from all areas of the university, and more.
Information Box Group
McMaster’s budget model balances the need for a transparent formula for allocating funds with the need for flexibility to address strategic goals.
Budget Model Timelines & Cycles
Faculties’ allocation for a given year is updated four times during the budget cycle.
Each June, the consolidated budget for the upcoming year is presented to McMaster’s Board of Governors, which is then released to the community when approved.
University Fund and Strategic Alignment Funds (SAFs)
The University Fund was established with the goal of supporting excellence, innovation and renewal in all areas of the University.