April 30, 2014 5:02 pm

U of S putting financial action plan in motion

Watch the video above: University of Saskatchewan releases plan to cut $25 million

SASKATOON – The University of Saskatchewan (U of S) released its action plan Wednesday outlining changes to come as part of TransformUS.

In 2012, the university projected a $44.5 million deficit in its operating budget by 2016, if no actions were taken.

TransformUS is one of seven broader initiatives that the university is currently undertaking to address the deficit.

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Around 75 per cent of its operating budget is salaries and benefits.

In a process that began in January 2013, the university examined all academic programs and administrative support services.

Two task forces, made up of faculty, staff and students, prepared recommendations that were released last December. Following a period of consultation, an action plan was developed.

Implementation of this action plan will involve projected reductions of $25.3 million in annual expenses.

Nineteen projects will be implemented this year.

One of the changes includes a reduction and restructuring of senior leadership.

This restructuring will result in the U of S having one of the smallest senior administrations among U15, a group of Canada’s top 15 research intensive universities.

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