Queen’s University’s Provost Matthew Evans will be embarking on a review of the university’s current budget model to improve its research performance and redistribute funding within the institution. Queen’s has used an activity-based budget model—whereby revenues were distributed to faculties based on enrolment and faculties were responsible for direct costs and subject to shared service expense formulas—for the past 13 years. However, according to Queen’s the model is “no longer producing the university-wide outcomes Queen’s needs.” Evans explained that entrepreneurial revenue generation will be a “core principle” of the new model, in addition to improving partnerships within the university. The review process will begin this spring, with implementation of the new model scheduled for Winter 2027.
