The VPFO is strengthening its long-term financial planning capabilities by forming a new Long-Term Financial Modelling & Planning team, which will report to Treasurer, Yale Loh. Aligned with VPFO Strategic Goal 1.1, this team will enhance UBC’s existing long-term financial planning framework by providing a structured, top-down five-year financial model that supports strategic decision-making and financial sustainability.
Enhancing UBC’s long-term financial planning
UBC already has a well-designed long-term financial model designed to serve as a foundation for our financial forecasting, budgeting, and decision-making. The new team will build upon this framework by further integrating:
- A structured five-year financial outlook with projections for revenues, expenditures, and key financial metrics.
- Scenario modeling to assess the impact of enrolment, funding, and cost pressures on financial stability.
- Expanded financial reporting and KPIs to provide greater visibility into UBC’s financial health.
Once developed and approved, the long-term financial plan (LTFP) will serve as the guiding framework for the Comptroller’s Budgeting and Financial Planning & Analysis (FP&A) teams to develop the university’s annual budget.
Alignment with Budgeting & Financial Planning & Analysis (FP&A)
The Long-Term Financial Modelling & Planning team will work closely with the Comptroller’s Budgeting and FP&A teams to ensure:
- Seamless integration between long-term financial forecasting and the annual budgeting process.
- Consistent financial assumptions across strategic and operational planning.
- A clear connection between macro-level financial projections and faculty/unit-level budget development.
While the Long-Term Financial Modelling and Planning team will focus on broad financial forecasting and long-term scenario modeling, the Budgeting & FP&A team will continue to oversee:
- Annual budget development and bottom-up financial planning.
- Detailed faculty and unit-level financial forecasting.
- Operational financial oversight and analysis.
A more integrated approach to financial planning
By strengthening alignment between long-term forecasting and annual budgeting, this approach will enhance UBC’s ability to:
- Proactively manage financial challenges and opportunities.
- Align financial resources with strategic priorities.
- Improve transparency and financial sustainability.
I look forward to collaborating across UBC as we refine and integrate this model into our financial planning processes. Thank you for your support as we continue to enhance UBC’s financial management,
Frank Laezza
Vice-President Finance & Operations