Hello fellow AUSU members,
If you are following Alberta news at all, you will have noted that because of the decreasing price of oil, Alberta has been making changes. It was widely thought that the government would cut AU’s budget by as high as 9%. In the end we know the government chose to cut AU’s funding by 5% over the next two years. During this process AU tried to submit a budget for this fiscal year that ran a deficit. The government made it clear they would not accept it. That triggered a lot of work by stakeholders throughout the university to put together a balanced budget. Our own VPFA, Corrina Green, worked tirelessly on the budget committee as our representative. The budget has now been approved by AU’s Board of Governors and AU is moving forward this fiscal year under the approved budget. However the budget, budgets for deficits for the next 2 years. The Alberta Government will not accept these kinds of deficits going forward, meaning something needs to be done about AU’s financial situation.
AU’s President Dr. Peter MacKinnon has made it clear that AU has a sustainability problem and under the current funding model adjustments must be made. This is something, in my 3 years on AUSU’s Executive and as a member of AU’s Board of Governors that has concerned many of us for a while. Dr. MacKinnon has made it clear that he will be addressing this issue and I have every confidence that he will.