Finances
As a public university, UBC is not as dependent on its endowment for operating revenue as some of its international peers. For 2006–2007, UBC had expected a $36 million deficit. With various cost cutting measures, the University posted a small surplus of $1.92 million. As of March 2007, UBC had assets of $3.2 billion and liabilities of $1.8 billion. Total revenue for 2006–2007 was $1.59 billion, of which 36% came from the provincial government, 11% from the federal government, 17% from "sales of goods and services", 18% from tuition, and 18% from all other sources. Total expenses were $1.50 billion, of which salaries, wages, benefits, and honoraria were 59%, office supplies and expenses were 12%, amortization was 9%, and all other expenses were 20%. Less than 1% of expenses went to fundraising.
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