deficit

The Student Federation of the University of Ottawa (SFUO) has announced that it will be making significant cuts to its services and staff over the summer to avoid bankruptcy. The announcement, which was posted to the SFUO website on March 31, stated that “due to a significant cash flow shortage, this service provision will be reduced throughout the summer months.”

Funds will do more good for students spent on projects under university control In a recent Board of Governors (BOG) meeting university president Allan Rock announced that the university plans to take faculty surpluses to help pay off the university’s $7.6-million deficit. This money given to the faculties by the university to pay for their …

The University of Ottawa is projecting a $4.8-million shortfall for the 2013–14 academic year. The Board of Governors (BOG) approved the new budget with a deficit despite a $54-million increase in financing.