Financial Information of Universities and Colleges (FIUC)

The Financial Information of Universities and Colleges (FIUC) is an annual publication that is jointly prepared by CAUBO and Statistics Canada. It is a valuable source of information for financial data at Canadian universities and colleges.

The FIUC is the only national source for comparable and consistent financial information for Canadian universities. It provides financial information to facilitate statistical and trend analysis on an aggregate level. It also allows users to study and understand long-term trends in university finance and expenditures, at both the institutional and national levels.

The financial data in the publication is based on an annual return completed and submitted by each member institution. The FIUC reports financial data individually, by institution, and in aggregate, by province, by region, and nationally. The report is available to download free of charge below, the report is no longer being made available in hard copy.

FIUC Database: Single database (MS Access) containing FIUC income and expenditure data from 1980 to 2017.

Table of Contents

A – List of Member Institutions by province

B – Statistical Tables:

Part I – All Universities

Report 1.1 – Income by Fund and by Type, all Universities (in $’000 and in %)
Report 1.2 – Expenditures by Fund and by Type, all Universities (in $’000 and in %)
Report 1.3 – Statement of Changes in Net Assets by Fund and by object, all Universities (in $’000)
Report 1.4 – General Operating Expenditures by Function and by Type, all Universities (in $’000 and in %)

Part II – All Universities, By Province

Report 2.1A – Income by Fund: By Type and by province, all Universities (in $’000)
Report 2.1B – Income by Fund: By Type and by province, all Universities (in %)
Report 2.2A – Expenditures by Fund: by Type and by province, all Universities (in $’000)
Report 2.2B – Expenditures by Fund: by Type and by province, all Universities (in %)
Report 2.2C – Expenditures by Fund: by province and by University, (in $’000 and in %)
Report 2.3 – Statement of Changes in Net Assets by Fund: by Object and by province, all Universities (in $’000)
Report 2.4A – General Operating Expenditures by Function: by Type and by province, all Universities (in $’000)
Report 2.4B – General Operating Expenditures by Function: by Type and by province, all Universities (in %)
Report 2.4C – General Operating Expenditures by Function: by province and by University (in $’000)
Report 2.4D – General Operating Expenditures by Function: by province and by University (in %)

Part III – By University

Report 3.1 – Income by Fund: by Type and by University (in $’000 and in %)
Report 3.2 – Expenditures by Fund: by Type and by University (in $’000 and in %)
Report 3.3 – Statement of Changes in Net Assets by Fund: by Object and by University (in $’000)
Report 3.4 – General Operating Expenditures by Function: by Type and by University (in $’000 and in %)

Part IV – All Universities, By Region

Report 4.1 – Income by Fund: by Type and by Region, all Universities (in $’000 and in %)
Report 4.2 – Expenditures by Fund: by Type and by Region, all Universities (in $’000 and in %)
Report 4.3 – Statement of Changes in Net Assets by Fund: by Object and by Region, all Universities (in $’000)
Report 4.4 – General Operating Expenditures by Function: by Type and by Region, all Universities (in $’000 and in %)

C – Appendix:

Guidelines

Resources

Guidelines – The guidelines are intended to assist both users and preparers of the financial data reported in the annual return.

Survival Guide –The Survival Guide is intended as a supplemental resource to the FIUC Guidelines and was developed to provide additional clarification on certain items included in the FIUC report.

FIUC Corrections

2016-2017: Brandon University – Provincial Income and Scholarships, bursaries and prizes expenditure
The provincial income and scholarships, bursaries and prizes expenditure were understated in the published reports. The corrections relate to the following:

Table 1
Line 8 – columns 3, 5 and 9
Line 25 – columns 3, 5, and 9

Table 2
Line 13, columns 3, 5, and 9
Line 24 – columns 3, 5 and 9

Table 3
Line 2 – columns 3, 5 and 9
Line 3 – columns 3, 5, and 9

Table 7 (database only)
Line 1 – columns 3, 5 and 9
Line 25 – columns 3, 5, and 9
Please see the attached corrected Report 3.1, 3.2 and 3.3.

2014-2015 and 2015-2016: Kwantlen Polytechnic University – Restatement of reports
KPU has restated a number of items on Table 4 for 2014-2015 and 2015-2016.
This restatement is reported in the following spreadsheets: 2014-2015 and 2015-2016

2015-2016: Acadia
Correction for Table 2, as identified below:
Line 17, Interest= 0
Line 18, Furniture and equipment purchase= 217
Line 19, Equipment rental and maintenance= 30

2015-2016: University of Alberta – Donations, including bequests and Non-government grants and contracts
Table 1:
Donations, including bequests, Line 15: Individuals and Line 16: Business enterprises, were erroneously reported on the incorrect line.
Non-government grants and contracts, Line 18: Individuals and Line 19: Business enterprises, were erroneously reported on the wrong lines.
Please see the attached corrected Report 3.1.

2015-2016: Université de Sherbrooke – Research grants (Physical plants dedicated to research)
The grant for research-dedicated physical plants was reported under the General Operating Fund instead of the Sponsored Research Fund for Consolidated entities.

To correct this mistake, the following changes should be made:

  • Table 7, Line 1, Column 1: Subtract 3,982 for a total of 243,305
  • Table 7, Line 1, Column 3: Add 3,982 for a total of 8,338
  • Table 2, Line 20, Column 3: Add 3,982 for a total of 19,867
  • Table 4, Line 20, Column 1: Subtract 3,982 for a total of (14,618)

These adjustments will also have the following effects:

  • Table 1, Line 8, Column 1: Subtract 3,982 for a total of 244,306
  • Table 1, Line 8, Column 3: Add 3,982 for a total of 27,794
  • Table 3, Line 2, Column 1: Subtract 3,982 for a total of 344,107
  • Table 3, Line 3, Column 1: Subtract 3,982 for a total of 333,488
  • Table 3, Line 2, Column 3: Add 3,982 for a total of 118,369
  • Table 3, Line 3, Column 3: Add 3,982 for a total of 109,038

2015-2016: University of Saskatchewan
A portion of specific purpose funding from the Ministry of Health (Government of Saskatchewan) used to support Clinical Services Fund (CSF) activities within the College of Medicine was erroneously reported as part of the General operating fund. The attached Reports 3.1, 3.2, 3.3 and 3.4  have been revised, correctly allocating this funding to the Special purpose and trust fund. Total income and expenditures from all funds remain unchanged.

2014-2015: University of Alberta – Investment in Capital Assets
The investment in capital assets were erroneously reported on line 17 – Unrestricted net assets in Report 3.3. Please see the attached corrected Report 3.3.

2013-2014: Brandon University – Library Acquisitions
The non-capitalized amount of data royalties (electronic resources) for Library acquisitions were erroneously recorded in Other operational expenditures

To correct for this error the adjustments are as follows:

  • Table 4, Line 6:  Increase by 450 for a total of 850
  • Table 4, Line 6:  Decrease by 450 for a total of 47

2013-2014: University of Lethbridge – Library Acquisitions
(Correction posted September 2015)

During the 2013-14 fiscal year the University of Lethbridge reviewed and corrected their financial statements process for reporting library electronic resources. As a result of this change, in the reporting for the 2013-2014 FIUC Library Acquisitions were incorrectly understated by $1,014,665.47 and Materials and Supplies were overstated.

Please see the attached corrected Reports 3.2 and 3.4 for U of L. Note that the U of L does a proration/allocation of internal charges therefore by adjusting the library resources from Other operational expenditures to Library acquisitions lines 7, 8, 9, & 10 on tab 3.2 under the General Operating column have changed and on tab 3.4 lines 7,8,9, & 10 have changed for all Function Types resulting in the totals for all Function Types to change.

2006-2007: NSCAD University – Restatement of report
(Correction posted September 2010)

For FY 2006-2007 NSCAD University has restated a number of items, mostly but not exclusively in the area of sponsored research.  This restatement is reported in two spreadsheets: the first shows the corrected versions of reports 3.1 through 3.4; the second shows the variances relative to the initially published report.

Users should refer to the corrected reports for specific institutional information.  Nova Scotia and national totals may be corrected by adding the values in the variance report to the previously published amounts.  Further information on the reasons for the restatement is available on demand from the CAUBO office.

2007-2008: NSCAD University – Restatement of report
(Correction posted February 2010)

For FY 2007-2008 NSCAD University has restated a number of items, mostly but not exclusively in the area of sponsored research.  This restatement is reported in two spreadsheets: the first shows the corrected versions of reports 3.1 through 3.4; the second shows the variances relative to the initially published report.

Users should refer to the corrected reports for specific institutional information.  Nova Scotia and national totals may be corrected by adding the values in the variance report to the previously published amounts.  Further information on the reasons for the restatement is available on demand from the CAUBO office.

2007-2008: Thompson Rivers University – Unrealized investment losses
(Correction posted December 2009)

For FY 2007-2008, Thompson Rivers University recorded unrealized investment losses as miscellaneous income rather than investment income.

To correct for this error, users should delete the entry for Miscellaneous income (Report 3.1, General operating fund, line 24) and reduce Other investment income (line 22) by $ 452.  This also applies to British Columbia and national totals.

2007-2008:  Carleton University provincial grants – Operating / Capital
(Correction posted August 2009)

For FY 2007-2008, certain provincial grants for Carleton University were classified as Operating rather than Capital.

To correct for this error, users should reduce Provincial Operating income (Report 3.1, General operating fund, line 8) by $ 5,649 and increase Capital income on the same line by the same amount.  These corrections will flow through to the total fund income on Report 3.1, line 25 and Report 3.3, line 2.  There are associated corrections to accruals on Table 3:  Additions or deductions in the Operating fund (Report 3.3, General operating fund, line 15) should be shown as $ 1,653; while in the Capital fund they should be shown as ($ 12,236).  These changes also apply to Ontario and national totals.

Users of detailed grant information from Table 7 should note that the reclassification of income will also be reflected on Table 7, line 1.

2007-2008: University of Manitoba ancillary income – investment / sales
(Correction posted September 2009)

For FY 2007-2008 the University of Manitoba reported income in the ancillary fund as investment income rather than income from sales.

To correct for this error, users should reduce the reported amount of Other investment income (Report 3.1, Ancillary fund, line 22) by $ 30,546 and increase Sale of services and products (line 23) by the same amount.  This also applies to Manitoba and national totals.

2006-2007:  École polytechnique tuition – credit / non-credit
(Correction posted August 2009)
For FY 2006-2007, tuition income for l’École polytechnique de Montréal was reported as non-credit rather than credit course tuition.

To correct for this error, users should reduce the reported amount of Non-credit tuition for this institution (Report 3.1, General operating fund, line 13) by $ 10,566 and increase Credit course tuition (line 12) by the same amount.  This also applies to Québec and national totals.

2006-2007:  Athabasca University operating income – Tuition / Other fees
(Correction posted August 2009)

For FY 2006-2007 and earlier, Athabasca University reported certain other fees as Credit course tuition; the amounts for FY 2006-2007 have been restated.

To correct for this error for FY 2006-2007, users should reduce the reported amount of Credit course tuition (Report 3.1, General operating fund, line 12) by $ 6,285 and increase Other fees (line 14) by the same amount.  This also applies to Alberta and national totals.

FIUC Interpretation

Research Funding
Classification of funding agencies
Research funding, as reported on Table 1, can come from government, individuals, business enterprises, or not-for-profit organizations.  The distinctions among these may not be clear, particularly in cases such as crown corporations or government funded foundations.

For classification of research funding, we recommend the use of the decision tree included in the “Frascati Manual” (OECD, 2002) and reproduced here.  The full manual is available from the OECD.
http://www.oecd-ilibrary.org/science-and-technology/frascati-manual-2002_9789264199040-en

Using this classification, Tables 6 and 7 should only include funding from federal and provincial (the institution’s home province) governments respectively.

Capital funding (CFI and similar)
Funding from the Canada Foundation for Innovation (CFI) for the construction of research facilities is to be reported as research revenue on Table 1 and the corresponding expenditures as research expenditures on Table 2.  Provincial and other matching funds for CFI grants are to be reported as research revenue on line 2 of Table 7.

Other funding of a similar nature received from research funding agencies should also be reported in the research fund.

SSHRC and NSERC funded scholarships
If reported in the institution’s audited financial statements, scholarships funded by research funding agencies (notably SSHRC and NSERC) are to be recorded as research revenue on Table 1.  The corresponding expenditures are to be shown in the research fund as scholarships (line 13) on Table 2.

 

The Reports

Financial Information of Universities and Colleges 2016-2017

Financial Information of Universities and Colleges 2015-2016

Financial Information of Universities and Colleges 2014-2015

Financial Information of Universities and Colleges 2013-2014

Financial Information of Universities and Colleges 2012-2013

Financial Information of Universities and Colleges 2011-2012

Financial Information of Universities and Colleges 2010-2011

Financial Information of Universities and Colleges 2009-2010

Financial Information of Universities and Colleges 2008-2009

Financial Information of Universities and Colleges 2007-2008

Financial Information of Universities and Colleges 2006-2007

Financial Information of Universities and Colleges 2005-2006

Financial Information of Universities and Colleges 2004-2005

Financial Information of Universities and Colleges 2003-2004

Financial Information of Universities and Colleges 2002-2003

Financial Information of Universities and Colleges 2001-2002

Financial Information of Universities and Colleges 2000-2001

Financial Information of Universities and Colleges 1999-2000