FaceForward November 2015: 2015 President’s Report - Memorial University of Newfoundland
Over the past year, Memorial University has made some remarkable advances in knowledge, exploration and innovation. We did this by employing a multidisciplinary approach. And engaging with multifaceted individuals. Meet some of our people and learn their stories in our 2015 President’s Report.
November 2015|2015 President’s Report
Vital Signs And Financials
2015 President’s Report - November 2015
Philanthropic Support 2014-15 Total Institutional Support
*Includes external scholarships to Memorial University $532,389.
Philanthropic Support 2014-15 Gift Amount by Designated Area
The university's operating budget funds the operations of the university,
including the Grenfell and Fisheries & Marine Institute campuses.
A grant is also provided to Harlow Campus in Essex, England.
The university's unconsolidated operating fund expenditures for fiscal year 2015
were $462.422 million (excluding employee future benefits).
Student fees comprised 13 per cent of total operating fund revenue.
The provincial government operating grant increased 2.0 per cent over
fiscal year 2014. The increase provided for salary increases and associated
benefits, cost of inflation adjustments and strategic initiative funding.
79 per cent of expenditures in the operating fund (excluding Other Expenditures)
have been spent in the Academic, Library and Student Services functional areas.
Library holdings of $5.1 million have been capitalized in fiscal year 2015.
The university provided $5.1 million in undergraduate and graduate scholarships,
bursaries, and other awards from our endowed and non-endowed trust funds.