Welcome to the VP Finance & Operations portfolio
The nine divisions of the VPFO are responsible for the stewardship of UBC’s physical and financial assets, as well as safety and risk management for our university community.
We oversee a $3.98 billion budget, a $3.38 billion endowment, and all facilities on both campuses, as well as managing the university’s relationships with UBC Investment Management and UBC Properties Trust. In all the portfolio’s responsibilities, we are committed to the values of innovation, unity and accountability.

VPFO Strategic Plan 2024–2027
Having a strategic plan gives us a clear path, keeping everyone on the same page. Learn more about where we’re going next and how we plan to get there.
News from the VPFO
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Increase in mileage rate as of March 31, 2023
UBC will be updating its mileage rate in alignment with the Canada Revenue Agency (CRA) prescribed rate: 68¢/km for the first 5,000 km driven and 62¢/km driven after that. The new rates will be available in Workday as of March…
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Increase in CRA Prescribed Interest Rate effective April 1, 2023
The CRA Prescribed Interest Rate will increase to 5% as of April 1, 2023. This rate will be in effect from April 1–June 30, 2023. This is the interest rate used to calculate taxable benefits for employees from interest-free and low-interest loans, which will…
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Educating young children on solid waste collection on campus
The Waste Management team in Municipal Services within UBC Facilities recently paid a visit to the Berwick Child Development Centre to educate young children about the vehicles and equipment used for solid waste collection on the UBC Vancouver campus.
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Be a voice for campus safety!
UBC Vancouver Campus Security is taking a look at its services and organizational model to better understand how it can best meet the needs of a rapidly changing community. One important part of this review will be a community engagement…
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Upcoming road closures on UBC Vancouver campus as of March 17, 2023
The following road closures are expected around the UBC Vancouver campus as of March 17, 2023. Thank you for your patience and cooperation.
People of the VPFO
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Rebecca Way joins UBCO Financial Operations as Procurement Manager
In her new role, Rebecca will be responsible for leading the local procurement team in the delivery of procurement services to the Okanagan campus, as well as actively engaging the campus community to increase understanding of procurement policies and workflows,…
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Lori Takenaka promoted to Safety Advisor, Facilities in Safety & Risk Services
In her new role as Safety Advisor, Facilities, Lori will lead a team of health and safety specialists and will continue to support UBC Facilities in the development and implementation of their health and safety programs.
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Teela Narsih promoted to Advisor, Safety Program Management & Systems in Safety & Risk Services
Teela began her career at UBC in 2015 where she has been an Occupational and Research Safety Associate with a focus on the development and implementation of the university’s safety program. Over the last 6 years, she has been instrumental…
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David Rowswell joins Facilities Information and Inventory Systems as Programmer Analyst in Infrastructure Development
David has worked in multiple roles at UBC. He is joining us on secondment from ITSC (Service Center) where he worked as part of our IT support team. After graduating from UBC with a Bachelor’s degree in Computer Science in…
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Florante Navarro promoted to Sub-Head, Stores in Municipals Services
Florante brings a wealth of knowledge and experience that will help him transition into his new role as a Sub-Head and contribute to the team in a leadership capacity. He has worked with the Stores team for the past 3…