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Category: Budgets

Laurentian Blues (2)

I want to go into more detail on Laurentian, digging into finances, and correcting one or two things I got wrong yesterday. An unfortunate amount of time is going to be spent dragging Laurentian for bad data practices, but that can’t be helped. Let’s go back to this graph I showed yesterday. With a little bit more digging, I see that Laurentian claims that there were about $8 million in outstanding deficits prior to 2012-13, and that they are claiming

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February 4, 2021 12 Comments

Laurentian Blues (1)

Laurentian University will run out of cash at the end of February.  That’s the most important – but far from only – take-away of the Monitor’s Report filed Monday in an Ontario court as Laurentian University filed for creditor protection. People are throwing around words like “unprecedented” to describe what is happening at Laurentian.  I’m always careful about that because before WWII a lot of wild things happened in Canadian universities (the Honorary Bursar making off with the entire University

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February 3, 2021 18 Comments

The Term Ahead

Welcome back.  Refreshed?  Me neither.  But the show must go on. I want to start the year by sketching out the key landmarks and themes of the next year, and by extension, what smart universities and colleges need to prepare for. Let’s start with vaccine rollout, because pretty much everything depends on that.  Things are mostly a mess at the moment: we have doses and they are not getting into arms as quickly as they should.  This makes little sense

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January 4, 2021 No Comments

Canadian University Expenditures, 2018-19

Ok, after nine years of this blog, you all know the drill.  Yesterday was about university income trends, so that means today covers expenditures.  Let’s start by looking at expenditures by type.  Universities are labour-intensive places, with 59% of total expenditures devoted to compensation of one sort or another (if we were to look just at operating expenditures, it would be higher).  About 10% goes into new buildings, building renovations, utilities and general upkeep.  Another ten percent is devoted “buying stuff” (materials,

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October 14, 2020 No Comments

Canadian University Income, 2018-19

This year’s regular data release from the Financial Information of Universities and Colleges was delayed by about three months this year due to the pandemic, but it was released late last week. (This data does not actually include community colleges – that’s a separate survey that doesn’t get published for another few months, so sorry in advance for the university-centric material) As usual, I have a two-parter today and tomorrow to discuss the results, one on income and one on expenditure. 

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October 13, 2020 No Comments

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One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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