June 25, 2012 - Laurentian University’s Board of Governors unanimously approved a balanced budget of $132.1 million for 2012-2013, as well as a multi-year budget until 2017-18 aligned with the outcomes identified in the University’s five-year Strategic Plan. The budget was presented to the Board of Governors after a broad consultation process, seeing over 300 students, faculty and staff in Sudbury and Barrie weigh in over 16 different sessions.
“We have aligned our budget with the university’s key goals and aspirations and are investing in high quality academic programs, research excellence and student supports,” said Dominic Giroux, President and Vice-Chancellor of Laurentian University. “We are focused on achieving the outcomes set out in our strategic, academic and research plans.”
Some of the notable investments include:
The plan calls for enrolment growth of 1,150 students by 2017-18, and the university will do so while raising the average entry grade even higher, from 81% to 83% and continuing to diversify and grow its international student population.
Barrie operations will see an increased investment of $0.8M in 2012-13, including 3 new faculty members to support program expansion and a new Associate Vice-President, Administration and External Relations. The University has pledged $14M towards a new campus in downtown Barrie, a pledge which has been matched by the City of Barrie.
The approved budget includes significant investments in faculty and staff renewal. Key 2012-13 hires include a Canada Research Chair in Geochemistry, a Canada Research Chair in Environmental Microbiology, a Research Chair in Occupational Health and Safety, 20 other faculty hirings, more full-time counselors, an additional technologist in the Bharti School of Engineering, the Executive Director of the School of Mines, additional staff in Sudbury for security, marketing and capital projects, additional administrative and student recruitment support in Barrie.
“We are one of the few Canadian universities in a strong financial position,” offered Laurentian Vice-President of Administration, Carol McAulay. “We have balanced budgets projected for at least the next six years, we have a solvent pension plan and low long-term debt ratios. This allows us to move forward with so many game-changing investments. It’s an exciting time to be at Laurentian.”
May 14, 2013 – An innovative geo-science research project involving universities and mining industry sponsors from across Canada is being supported by the largest research grant ever awarded by the Natural Sciences and Engineering Research Council (NSERC) through its Collaborative Research and Development program.More
April 19, 2013 – The Laurentian University Board of Governors today approved the appointment of Dr. Stephen J. Havlovic as the new Dean of the Faculty of Management. The appointment will be effective July 1st, 2013.More
April 16, 2013 – The first faculty appointments at the new Laurentian University School of Architecture are now in place, with the hiring of six “outstanding” professors, according to Laurentian Architecture’s Founding Director, Dr. Terrance Galvin.More
March 28, 2013 – Laurentian University today celebrated the success of the most ambitious fund-raising campaign in its history. Launched as part of Laurentian’s 50th anniversary celebrations, “The Next 50 Campaign” set a fund-raising target of $50M to fuel the university’s growth and drive creativity, innovation and prosperity. The campaign has exceeded its goal and has raised more than $65.2M in private gifts alone excluding investments made by governments.More
March 21, 2013 – Laurentian University Associate Professor and Canada Research Chair in Genomics and Bioinformatics Dr. Thomas Merritt is being honoured as the first-ever recipient of the Virtual Researcher On Call (VROC) Expert Participation Award.More
March 20, 2013 – On the International Day of La Francophonie, Collège Boréal and Laurentian University reiterated their common resolve to significantly improve access to postsecondary studies in Ontario’s Francophone communities.More