Summary: Financial results
THE FINANCIAL YEAR 2007 08 IN REVIEW
(May 1, 2007 to April 30, 2008)
tOtal university revenue by sOurce
$780 MILLION 2006 07 $733 MILLION
Total University revenue increased by $46.7 million (6.4%)
to $780 million compared to 2006-07. The major revenue
increases were in Grants and Contracts ($25.5 million),
Donations ($11.7 million) and Tuition Fees ($6.1 million).
Investment Income declined during the year ($7.5 million).
Grants and contracts of $434 million represent 56% of the
University's total sources of revenue. Grants provide
financial support and often have some restrictions attached.
Included are government operating grants of $150 million,
Health Sciences grants of $127 million and Research grants
of $156 million. Contracts provide financial support subject
to stipulations and conditions, such as the provision of a