Report of the Vice President
Administration and Finance
1
THE UNIVERSITY OF BRITISH COLUMBIA
For the Year Ended March 31, 2005
A Report from the Vice President, Administration and Finance
For the year ended March 31, 2005, our financial performance resulted in an increase in net
assets of $45 million to $1.1 billion and a stable net unrestricted operating balance at yearend of $4.9 million. Our capital assets now total $1.4 billion, a substantial increase since the
2002/03 year end when they were less than $1 billion.
Among the many achievements that we had this year, I draw your attention to a few key
accomplishments worthy of note. These will positively influence our financial position in
2004/05 and in future years.

We continue to invest in our students. Scholarships, fellowships and bursaries increased
from $41.9 to $52.9 million in the past year. UBC students received $158 million in
student financial support from all sources, up from $146 million the previous year, with
$69 million funded or administered by UBC. To honour our TREK 2010 Operational
Plan commitment to increase residence capacity, work is underway to add up to 1,650
new beds on Lower Mall. Social and recreational space is being increased through
projects such as the Abdul Ladha Social Science Centre and the JMS Lecky Boathouse.

Two major facilities opened during the fiscal year. The $30 million Michael Smith
building was occupied in December 2004 and the first phase of the $197 million Life
Sciences building – the medical undergraduate program teaching facilities, opened in
September 2004. The second phase, the Centre for Blood Research opened in March
2005. This Centre is a world-class facility that focuses the efforts of a multidisciplinary
group of investigators to create new knowledge in blood research, developing innovative
solutions to the problems facing Canada’s blood system. Still under construction is the
Life Sciences Institute and laboratories that will consolidate and provide state of the art
facilities for specialized disease research on campus.

In 2004, the wholly owned subsidiary UBC Investment Management Trust (IMANT)
was incorporated. IMANT manages the endowment investment portfolio and the
investment of staff pension funds, providing a strong structure and focus to maintain
solid investment returns in future years.
2005/06 will initiate another period of growth and change for the University with the
opening of the second UBC campus in the Okanagan. We will continue to work with
government to ensure appropriate funding levels are provided to sustain our ability to
provide world-class and competitive academic and research programs.
Terry Sumner
Vice President, Administration and Finance
2
PRESENTATION OF UNIVERSITY FINANCIAL INFORMATION
The University’s audited financial statements are prepared in accordance with generally
accepted accounting principles and the reporting standards for not-for-profit organizations as
set by the Canadian Institute of Chartered Accountants.
A significant characteristic of the presentation of university financial information is the
deferral of grants, donations and contributions that have external restrictions. These funds
are recognized as income in the year or years in which the corresponding costs are
consumed. Accordingly, there are material deferred contributions and deferred capital
contributions appearing as liabilities on the balance sheet awaiting amortization.
Another significant characteristic of the presentation of university financial information is
the composition of what is typically called net assets. Net assets have five components:
unrestricted operating, internally restricted reserves, endowment, related organizations, and
invested in property, plant and equipment. The activity during the year in each component is
shown in the Consolidated Statement of Changes in Net Assets.
BASIS OF UNIVERSITY ACCOUNTING
The information presented in the financial statements is consolidated, although the
underlying basis of university accounting is fund accounting. The University maintains
separate funds for many of its activities, with each fund having assets, liabilities, revenues
and expenses. Fund accounting helps to enhance accountability, budgetary control, and the
stewardship of resources; it ensures that grants, donations, and contributions are spent only
for the purposes intended.
The primary funds used by the University include General Purpose Operating, Specific
Purpose (which includes Fee for Service, Continuing Education, Trust and Capital),
Sponsored Research, Ancillary Enterprises and Endowment. With the exception of the
General Purpose Operating fund, all of the fund revenues are restricted as to use through
objectives specified by donors, limitations and restrictions imposed by sources outside the
University and determinations made by the Board of Governors.
3
OVERVIEW OF FINANCIAL STRUCTURE
The University’s financial statements are reported based on a consolidated entity basis,
where funds are separated into three financial perspectives:
1. Unrestricted Funds
The General Purpose Operating Fund (GPOF) is an unrestricted funding source where
funds can be allocated without a designated restriction on use. A portion of GPOF Net
Assets can be restricted with Board approval, thereby moving it to Internally Restricted.
2. Internally Restricted Funds
Funds are designated by management and the Board for specific uses.
3. Externally Restricted Funds
The use of externally restricted funds is specified by the legal deed or contract.
Consolidated
General Purpose
Operating Fund
Specific Purpose
Unrestricted
Ancillary Enterprises
Sponsored Research
Internally Restricted
Endowment
Externally & Internally
Restricted
Related Organizations
Unrestricted &
Externally Restricted
KEY STATISTICS OVER TIME
The following statistics show the growth of the University over the past 5 years from a
student and financial perspective.
Total Assets
Property, Plant and Equipment
Net Assets
Endowment Fund –Market Value
Total Revenues
Government Grants and Contracts Revenue
Student Fee Revenue
Scholarships, Fellowships and Bursaries Expense
Excess of Revenues over Expenses
Unrestricted Operating Surplus (Deficit)
Students (Full Time Equivalent - Domestic)
2001
1,643.6
816.9
820.3
609.3
873.9
428.0
109.6
27.1
43.2
(2.2)
30,506
Year ended March 31 ($ Million)
2002
2003
2004
1,857.2
2,077.2
2,341.9
875.5
999.7
1,210.6
899.7
966.8
1,014.4
650.4
571.2
648.8
960.9
1,072.4
1,133.6
481.9
517.9
547.2
118.8
148.7
200.5
27.5
32.7
41.9
49.9
60.3
2.0
(2.1)
1.6
4.2
32,456
33,365
34,024
2005
2,545.6
1,431.0
1,065.2
697.3
1,254.9
620.0
232.1
52.9
13.8
4.9
34,254
4
CONSOLIDATED FINANCIAL STATEMENTS
The Consolidated Statement of Operations and Changes in Net Operating Assets includes a
line item “Excess of revenues over expenses” in an amount of $13.8 million. This excess of
revenues over expenses in fiscal 2004/05 increases the University’s net asset position.
Management, with Board approval, allocates the excess of revenues over expenses to
categories within Net Assets as shown on the Consolidated Statement of Operations and
Changes in Net Operating Assets as follows:
Net Assets
Excess of Revenues Over Expenses
Increase in invested in property, plant and equipment
Transfers from endowment fund
Transfer from (to) Internally Restricted Reserves
Decrease in Equity of Related Organizations
Change in Unrestricted Operating Assets
Net Unrestricted Operating Surplus, Beginning of Year
Net Unrestricted Operating Surplus, End of Year
2005
2004
(millions)
13.8
2.0
(71.7)
(22.4)
43.3
25.3
11.9
(33.8)
3.4
31.5
0.7
2.6
4.2
1.6
4.9
4.2

$71.7 million of revenues, which were spent on internally financed capital assets, are
allocated to invested in property, plant and equipment.

$43.3 million is transferred from the endowment fund to recognize the decrease in
endowment fund net assets, due primarily to a deficiency of endowment revenues
over expenses.

$11.9 million is transferred from internally restricted reserves. Included in this
amount are Ancillary business operations such as Housing and Conferences who
generated net income which the Board reserves for future maintenance and capital
investment. It also includes faculty and department operating balances, who,
pursuant to Board policy are allowed to reserve up to 5% of their budgets.

$3.4 million is a deficiency of revenues over expenses in related organizations and
decreases the equity of related organizations.
After allocation of the excess of revenues over expenses, the change in unrestricted
operating assets is $0.7 million. When this is combined with the unrestricted operating
surplus of $4.2 million from previous years, the net unrestricted operating surplus at the end
of the year is $4.9 million.
The following sections describe the various changes and highlights for the year.
5
Consolidated Statement of Operations and Changes - Revenue
Consolidated revenue for the twelve months ended March 31, 2005 totaled $1.2 billion, an
increase of $121 million from the previous year. Consolidated revenues come from a variety
of sources as illustrated below:
Total Revenue by Source
for the year ended March 31, 2005
(millions of dollars)
Sales and
Services
(231.0) 18%
Amortization of
Deferred Capital
Contributions
(48.3) 4%
Investment
Income
(10.7) 1%
Nongovernment
Grants,
Contracts &
Donations
(112.8) 9%
Government
Grants and
Contracts
(620.0) 50%
Student Fees
(232.1) 18%
Total Revenue $1.2 billion
Revenues
Government Grants and Contracts
Student Fees
Non-government Grants, Contracts & Donations
Investment Income
Sales and Services
Amortization of Deferred Capital Contributions
Total
2005
2004
(millions)
$ 620.0
$ 547.2
232.1
200.5
112.8
98.3
10.7
26.9
231.0
224.6
48.3
36.1
$ 1,254.9
$ 1,133.6
Highlights
The increase in revenues results from the following significant changes:

Government grants and contracts has increased by $72.8 million:
 Approximately $40 million of the increase is due to the Post-grad Medical
Program. In 2004/05, the Provincial Government began funding the program
through the University whereas previously the province had re-imbursed
hospitals directly for these costs. Given the Post-grad Medical Program is a
required part of the medical curriculum for university students and funding is
administered through the University we have reflected the revenue for the
first time in 2004/05. A corresponding increase in costs (payments to the
hospital) is reflected in the expense section “Grants and reimbursements to
other agencies.”
6
 Approximately $37 million of the increase in revenue in government grants
and contracts is explained by increases in Tri-Council and the Provincial
Government grants in the Research fund.

Student fee revenue increases of $31.6 million resulting from a 16% increase in
undergraduate and graduate tuition fees.
Consolidated Statement of Operations and Changes – Expenses
Consolidated expenses for the twelve months ended March 31, 2005 increased $109 million
from the previous year.
Total Expenses by Source
for the year ended March 31, 2005
(millions of dollars)
Scholarships,
Fellowships and
Bursaries
(52.9) 4%
Grants &
Reimbursements to
Other Agencies
(54.6) 4%
Other Expenses
(104.2) 8%
Cost of Goods Sold
(41.8) 3%
Depreciation
(103.7) 8%
Supplies and Sundries
(132.9) 11%
Salaries
(654.2) 54%
Employee Benefits
(96.8)8%
Total Expenses $1.2 billion
Total Expenses $1.2 billion
Expenses
Salaries
Employee Benefits
Supplies and Sundries
Depreciation
Cost of Goods Sold
Scholarships, Fellowships and Bursaries
Grants & Reimbursements to Other Agencies
Other Expenses
Total
2005
2004
(millions)
$ 654.2
$ 625.1
96.8
90.3
132.9
140.3
103.7
85.6
41.8
43.7
52.9
42.0
54.6
15.3
104.2
89.3
$ 1,241.1
$ 1,131.6
Highlights
The majority of the increase in expenses results from:

Salary and benefits increased $29.1 million due to negotiated contract increases and
an investment in additional faculty and staff.

Depreciation has increased by $18.1 million because of increased capital additions.
7

A $10.9 million increase in scholarships, fellowships and bursaries, in support of
students.

Grants and reimbursements to other agencies has increased by $39.3 million
primarily due to the inclusion for the first time of costs related to the Post-grad
Medical Program.
Consolidated Statement of Financial Position
Assets total $2.5 billion while liabilities and deferred contributions total $1.5 billion, leaving
a net asset balance of $1.1 billion dollars. The majority of this balance is in Endowments
($598 million), Invested in Property, Plant and Equipment ($336 million), and Internally
Restricted Reserves including Related Organizations ($126 million).
Total Assets by Category
for the year ended March 31, 2005
(millions of dollars)
Cash and Shortterm Investments
(172.0) 7%
Accounts
Receivable
(112.4) 4%
Other Assets
(12.3) 0%
Property, Plant
and Equipment
(1431.0) 57%
Investments
(817.9) 32%
Total Assets $2.5 billion
Assets
Cash and Short-term Investments
Accounts Receivable
Other Assets
Investments
Property, Plant and Equipment
Total
2005
2004
(millions)
$ 172.0
$ 202.6
112.4
112.6
12.3
11.7
817.9
804.5
1,431.0
1,210.6
$ 2,545.6
$ 2,341.9
8
Liabilities & Net Assets by Category
for the year ended March 31, 2005
(millions of dollars)
Property, Plant and
Equipment
(336.1) 13%
Accounts Payable
Deferred Land
and Accrued
Lease Revenue
Liabilities
(76.9) 3%
(119.7) 5%
Employee Future
Benefits
(7.2) 0%
Long-term Debt
(184.5) 7%
Deferred
Contributions
(209.2) 8%
Endowment
(598.2) 23%
Internally Restricted
Reserves including
Related
Organizations
(125.9) 5%
Unrestricted
Operating
(4.9) 0%
Deferred Capital
Contributions
(883.0) 36%
Total Liabilities & Net Assets $2.5 billion
Liabilities and Net Assets
Accounts Payable and Accrued Liabilities
Deferred Land Lease Revenue
Employee Future Benefits
Long-term Debt (Including Current Portion)
Deferred Contributions
Deferred Capital Contributions
Net Assets
Unrestricted Operating
Internally Restricted Reserves including Related
Organizations
Endowment
Invested in Property, Plant and Equipment
Total
2005
2004
(millions)
$ 119.7
$ 104.8
76.9
43.6
7.2
10.9
184.5
174.6
209.2
236.2
883.0
757.5
4.9
4.1
125.9
598.2
336.1
$ 2,545.6
141.3
604.5
264.4
$ 2,341.9
Highlights
Major changes on the Consolidated Statement of Financial Position are as follows:

Property, Plant and Equipment now total $1.43 billion. This $220 million in growth
results from the major construction projects underway.

Deferred land lease revenue has increased by $33.3 million reflecting the build-out of
the University town.

Deferred capital contributions has increased by $125.5 million reflecting the
increased external contributions which are used to fund capital projects and are
amortized over the life of the asset.
9
Financial Position – Looking Forward
In 2004/05 Standard & Poor’s upgraded the University’s long-term debt rating from AA(positive outlook) to AA (stable outlook) citing a strong financial profile, solid enrolment
and research performance and strong ongoing Provincial Government funding support. The
rating is also supported by the University's status as a flagship university in British
Columbia, a history of operating surpluses, its manageable debt burden and its high level of
endowment funds
Moody’s Investors Service is currently in the process of reviewing the University’s Aa2
rating. The Aa2 rating was reaffirmed in March 2004, at which time Moody’s cited the
University’s superior student and research market profiles, improved annual operating
performance driven by stable provincial funding, growing tuition revenues, and increasing
financial reserve levels.
10
GENERAL PURPOSE OPERATING FUND
General Purpose Operating Fund revenues are not restricted as to use. The two major
revenue sources for the General Purpose Operating Fund are the operating grant from the
Province of $351 million, down slightly from $352 million the previous year and student
fees for credit courses of $151 million, up from $126 million in 2003/04.
Revenue by Source
for the year ended March 31, 2005
(millions of dollars)
Other Revenue
(43.0) 8%
Student Fees –
Credit and Noncredit
(152.7) 27%
Government of
Canada
(17.1) 3%
Province of British
Columbia
(350.6) 62%
Total Expenses $563 million
Revenues
Government of Canada
Province of British Columbia
Student Fees – Credit and Non-credit
Other
Total
2005
2004
(millions)
$ 17.1
$ 15.7
350.6
352.5
152.7
128.2
43.0
29.7
$ 563.4
$ 526.1
Highlights

Base tuition fees increased 16% for undergraduate and graduate programs.
11
Expenses by Source
for the year ended March 31, 2005
(millions of dollars)
Scholarships,
Fellow ships and
Bursaries
(25.3) 5%
Other Expenses
(21.9) 4%
Utilities
(18.6) 4%
Depreciation
(20.9) 4%
Supplies and
Sundries
(64.3) 13%
Salaries
(303.2) 60%
Employee Benefits
(49.1) 10%
Total Expenses $503 million
Expenses
Salaries
Employee Benefits
Supplies and Sundries
Depreciation
Scholarships, Fellowships and Bursaries
Utilities
Other Expenses
Total
2005
2004
(millions)
$ 303.2
$ 289.2
49.1
46.3
64.3
52.7
20.9
20.2
25.3
20.8
18.6
17.6
21.9
16.5
$ 503.3
$ 463.3
Highlights

The major expenditure from this fund is for salaries and benefits paid to faculty,
staff, and students ($352 million) who provide the teaching and services to support
the core academic purpose of the University. Additionally, scholarships, fellowships
and bursaries were $25.3 million, up from $20.8 million in the previous year.
12
SPECIFIC PURPOSES FUND
The Specific Purpose fund is designated as an internally restricted fund by management,
whose reserves are approved by the Board of Governors on an annual basis. Internally
restricted funds may be unrestricted by the Board at their discretion.
The major categories of Specific Purpose Funds are Fee for Service, Capital, Trust and
Continuing Education.

Fee for Service operations are expected to be self-sustaining and fund their
operations on an ongoing basis. Examples of Fee for Service operations include the
Dental Clinic and the Psychology Clinic.

The majority of capital projects are funded through deferred capital contributions.
Where internal funds are used to fund projects, or portions of projects, they flow
through capital in the Specific Purposes Fund.

Revenues received in the Trust category are for a designated purpose, and are
restricted by management decision.

Continuing Education generates revenues by providing non-credit courses through a
number of operations, including Continuing Studies and the Sauder School of
Business.
Revenue by Specific Purposes Fund
for the year ended March 31, 2005
(millions of dollars)
Capital
(46.7) 15%
Fee for Service
(147.7) 46%
Trust
(90.3)
28%
Continuing
Education
(34.0) 11%
Total Specific Purposes Fund Revenue $319 million
Revenues
Fee for Service
Continuing Education
Trust
Capital
Total
2005
2004
(millions)
$ 147.7
$ 141.6
34.0
32.7
90.3
52.9
46.7
38.0
318.7
$ 265.2
13
Highlights

An increase in revenues in the Trust fund of $37 million is due mainly to funds
received for distribution under the Post- grad Medical Program which funds medical
residency.

Revenue increased in the Capital fund by $9 million, mainly because of an increase
in the amortization of deferred capital contributions.
SPONSORED RESEARCH FUND
The Sponsored Research Fund consists of a mix of internally and externally restricted funds.
The majority of funds are restricted to research use only as established by the grantor.
Unused funds that are externally restricted appear as deferred contributions on the balance
sheet while internally restricted unused funds flow through to the income statement.
The formation of spin off companies – companies formed as a result of University research,
represents an important revenue stream. Two high tech companies were formed in 2004/05
bringing it to a total of 117 companies to date. The University currently holds equity
positions, with a market value of $4.5 million, in 42 of those companies. This represents an
important stream of revenue. The revenue takes the form of ongoing research support,
royalties and proceeds from liquidated equity. In 2004/05, the University earned $15.9
million from royalties and liquidated equity, up $1.7 million from 2003/04.
14
Research Revenue by Funding Source
for the year ended March 31, 2005
(millions of dollars)
Other
(22.7) 8%
US & Foreign Notfor-Profit
(13.6) 5%
Industry
(52.5) 19%
Canadian
Societies,
Foundations & Notfor-Profit
(58.4) 21%
Federal
Government
(115.1) 41%
Province of BC
(15.7) 6%
Total Earned Research Revenue $278 Million
Research by Funding Source*
2005
2004
(millions)
US & Foreign Not-for-Profit
$ 13.6
$ 12.5
Federal Government
115.1
105.6
Province of BC
15.7
10.5
Canadian Societies, Foundations & Not-for-Profit
58.4
48.5
Industry
52.5
43.3
Other
22.7
16.0
Total
$ 278.0
$ 236.4
*Some numbers have been restated to facilitate comparison between the two years
Highlights

Federal Government revenue increased by $10 million due to an increase in TriCouncil grants and awards.

Province of BC revenue increased due to a reclassification of Genome BC revenue
which was previously recorded in the industry category.

Industry revenue has increased due to Blusson awards and increased Michael Smith
Foundation awards.
15
ANCILLARY ENTERPRISES
Ancillary enterprises provide goods and services to the University community. Their
products and services are priced to generate sufficient revenues to cover operating expenses
and debt service payments and in certain cases to create sufficient reserves for reinvestment
in the business to ensure long term financial viability. These reserves are designated as
internally restricted.
Revenue by Ancillary
for the year ended March 31, 2005
(millions of dollars)
Athletics and
Recreation
(10.7) 5%
Parking
Services
(9.9) 5%
Other
(8.6) 4%
Information
Technology
Services
(13.3) 7%
Food Services
(19.2) 9%
Utilities
(28.3) 14%
Plant
Operations
(44.5) 22%
Bookstore
(28.7) 14%
Housing &
Conferences
(41.2) 20%
Total Ancillary Revenue $204 million
Revenues
Plant Operations
Housing & Conferences
Bookstore
Utilities
Food Services
Information Technology Services
Athletics and Recreation
Parking Services
Other
Total
2005
2004
(millions)
$ 44.5
$ 41.9
41.2
38.9
28.7
28.2
28.3
26.3
19.2
19.9
13.3
17.4
10.7
10.2
9.9
9.8
8.6
7.8
$ 204.4
$ 200.4
Highlights

The decrease in revenues in Information Technology Services is a result of a
comprehensive organizational effectiveness program that was launched in
2003/2004 and which resulted in significant restructuring in 2004/2005 and the
closure of some operating units.
16
ENDOWMENT FUND
The University’s endowment consists of restricted donations and internal allocations, the
principal of which must be maintained in perpetuity. The University protects the
endowment’s total economic value from inflation by limiting the amount of income that may
be expended annually. The investment income generated from endowments can be spent
only in accordance with the various purposes established by the donors or the University’s
Board of Governors.
Funds by Category
for the year ended March 31, 2005
(millions of dollars)
Arts
(39.9) 6%
Sauder School
of Business
(48.0) 7%
Forestry
(33.0) 5%
Scholarships,
Fellowships, and
Bursaries
(183.2) 26%
Graduate
Studies
(56.0) 8%
General
(121.9) 17%
Medicine
(95.2) 14%
Other Academic
Faculties
(120.1) 17%
Total Market Value $697 million*
Endowment Funds (Market Value)
Scholarships, Fellowships, and Bursaries
Other Academic Faculties
Medicine
General
Graduate Studies
Sauder School of Business
Arts
Forestry
Total
2005
2004
(millions)
$183.2
$ 170.0
120.1
129.7
95.2
90.5
121.9
83.8
56.0
63.8
48.0
42.0
39.9
36.1
33.0
32.8
$ 697.3
$ 648.7
*Includes $14.2 million in endowments held by the Vancouver Foundation for the benefit of UBC
Highlights

The market value of the endowment was $697.3 million at March 31, 2005, an
increase of $48.6 million from the previous year.
17
RELATED ORGANIZATIONS
The University has a financial and legal interest in a number of different entities. Some of
these entities are wholly owned (such as UBC Properties Trust) while others, such as
TRIUMF, are joint ventures. A complete listing of the related organizations and descriptions
of each can be found in the notes to the financial statements.
Revenue by Related Organizations
for the year ended March 31, 2005
(millions of dollars)
Other Related
Organizations
(0.9) 4%
UBC
Foundation
(5.2) 20%
Tri-Universities
Meson Facility
(TRIUMF)
(9.3) 37%
UBC Properties
Trust
(9.3) 36%
Western
Canadian
Universities
Marine
Sciences
Society
(WCUMSS)
(0.8) 3%
Total Related Organization Revenue $19 million
Revenue by Funding Source
Tri-Universities Meson Facility (TRIUMF)
Western Canadian Universities Marine Sciences Society (WCUMSS)
UBC Properties Trust
UBC Foundation
Other Related Organizations
Total
2005
2004
(millions)
$ 9.3
$ 10.7
0.8
0.8
9.3
33.5
5.2
5.6
0.9
0.7
$ 25.5
$ 51.3
18
CAPITAL PROJECTS
The University currently has $960.1 million in capital projects underway that will be
completed over the next few years. Another $220 million in capital projects are under
consideration and will phase in as current projects are completed. These projects will include
institutional buildings in support of learning and research, student residences and residential
housing.
Part of the vision of the University to be Canada’s best university and one of the world’s
finest public universities involves the creation of a University Town on the Point Grey
campus. This will be an academically and culturally rich collection of University
neighbourhoods with a mix of housing, shops, parks, and other amenities. It is a sustainable
community woven into the academic and cultural fabric of campus life. As of March 31,
2005 the Mid-Campus, Theological, East, North and University Boulevard Neighbourhood
Plans are approved. The South Campus plan was approved in principle by the Board of
Governors in March and referred to the Greater Vancouver Regional District’s Board of
Directors for confirmation of its compliance to the Official Community Plan.
Building in the neighbourhoods is being done both by UBC directly in building faculty and
staff rental housing; as well as through third party initiatives where the land is leased for 99
years. These include co-development projects with staff and faculty, as well as with
developers such as Adera who are building Reflections, a condominium project; and
Polygon who have just completed an 18 story high-rise the ‘Promontory’.
In the last year the following significant events have taken place:

UBC has been preparing for the new campus located in Kelowna. The first project
was initiated at UBC Okanagan in November 2004. A third floor addition is
underway to the existing Arts and Sciences buildings in order to accommodate an
additional 900 students starting in September 2005.

Two co-development projects for faculty and staff were started at the UBC
Vancouver campus. Logan Lane, a 61 townhouse complex in Hawthorn Place
started construction in May 2004. Clements Green, a 55 unit condominium project is
scheduled to begin construction in June 2005.
In 2002/03, the Government of British Columbia, as one of its “New Era Promises”,
committed to double the number of graduates in computer science and electrical and
computer engineering within five years. This is known as the Doubling the Opportunity
(DTO) initiative and there are three projects underway. These are scheduled for completion
over the next few months.

Computer Science Building (completion April 2005)

Chemical and Biological Engineering Building (completion September 2005)

Fred Kaiser Building (Electrical and Computing Engineering) (completion May
2005)
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The Government also committed to increasing medical school enrolment from the current
128 first-year medical students to 224 students by September 2005. UBC received funding
for a new Life Sciences Centre (LSC). This 52,000 sq. metre building will house basic
science departments, teaching and research laboratories and provide cost-effective sharing of
equipment and other resources. It also includes the Centre for Blood Research, Centre for
Disease Modeling, and Life Sciences Institute on the same site. The building was ready for
teaching in September 2004; the Centre for Blood Research opened in February 2005; and
the Life Sciences Institute is scheduled to open in early 2006.
Completed Projects
The following projects were completed during the past year:

The Michael Smith building was completed in September and occupied in December
2004. The Michael Smith Building is a new biotechnology laboratory building, planned
by and named after UBC’s Nobel Prize winner.

TRIUMF House, which provides short-term housing for visiting researchers and staff to
TRIUMF was completed in February 2005.

Place Vanier Commons Block, which accommodates the administrative, social and
catering requirements for the Place Vanier student residence complex, had renovations
completed in September 2004.

Hawthorne Green, our first co-development with faculty and staff was completed.

Phase 3 of faculty staff rental housing was completed, offering 60 units with a 1, 2 and 3
bedroom mix available.

7 new fraternity buildings housing 240 students and Panhellenic House, a sorority
building, were occupied and the final agreement and closing completed.
Major Capital Projects Underway
$960.1 million in institutional and residential buildings were underway as of March 31,
2005.
The following table provides a high level overview of the projects underway as at
March 31, 2005. Descriptions of the major projects are included.
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Project Name
Description
Board
Approved
Budget
($million)
Aquatic Ecosystems
Research Laboratory
(AERL)
AERL is a new fisheries research center for the development
and application of ecosystem modeling techniques for the
study of fish populations.
15.7
Beaty Biodiversity Research
Centre
The Beaty Biodiversity Centre will house research
laboratories, as well as facilities for specialized processing
and research involving a unique world class research
collection of plants, fish, insects, vertebrates, fungi and
fossils. The Centre will support research into habitat,
species and ecosystems in which we live and will also
include an important public education and exhibit function.
41.2
Biosciences Animal Care
Facility
This facility will be located in the Biosciences Reserve of
South Campus. It will relocate and consolidate animal care
facilities on South Campus, as well as other locations. It
will provide updated facilities to current accreditation
standards.
20.0
Centre for Integrated
Research on Sustainability
(CIRS)
To be located on the Great Northern Way Campus, CIRS
will take a leadership role in the development and
deployment of integrated sustainable building technologies
and practices.
26.5
Chemical and Biological
Engineering Building
(includes the Clean Energy
Research Center)
This building is a replacement facility for the Chemistry and
Biological Engineering Department, currently spread over
seven locations on campus. It includes the Clean Energy
Research Center (“CERC”), which will facilitate scientific
discovery and engineering development of “clean” energy
technologies.
38.6
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Project Name
Description
Board
Approved
Budget
($million)
Computer Science Building
The Computer Science Building was planned to strengthen
and create new interdisciplinary research links between
Computer Sciences and Electrical, Computer and
Mechanical Engineering. With funding from the DTO
initiative, it was included in and built with the ICICS project.
17.6
Fred Kaiser Building
(Electrical & Computer Eng)
The Fred Kaiser Building will house the Faculty of Applied
Sciences Electric and Computer Engineering Department. It
includes instructional facilities, research labs and office
space for grads, undergrads and faculty.
26.8
Hawthorne Place
Community Centre
Hawthorne Place Community Centre, the “Barn” will
provide a social, recreational and community icon for Mid
Campus residents, students, residents and public enjoying
the adjoining amenities. It will have a deli, coffee shop, day
care, office space and multipurpose room, as well as outdoor
gathering and recreational space.
2.9
Institute for Computing,
Information & Cognitive
Systems (ICICS)
ICICS is a research institute combining the expertise of over
136 faculty members from a diverse range of fields to
develop and facilitate research in interactive information
systems. ICICS researchers explore the boundaries and
crossovers of disciplines including Applied Science, Arts,
Commerce, Dentistry, Education, Forestry, Medicine,
Pharmacy, and Science.
26.5
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Project Name
Irving K. Barber Learning
Center
Description
The Learning Center rebuilds and expands the Main Library,
addressing three of the Library's key concerns:
environmentally sound space for its collections of rare,
archival and special materials; 15 years of growth space for
the print collection and technologically enabled space to
support the growing collection of electronic resources and
services.
Board
Approved
Budget
($million)
68.8
Placing present and future generations at the forefront of
learning, the Irving K. Barber Learning Centre will be an
innovative and progressive hub for student interaction,
academic pursuit, and research activity. It will play a key
role in the intellectual, social, cultural, and economic growth
of British Columbia, Canada, and the world.
Life Sciences Center
(includes Center for Blood
Research, Centre for Disease
Modeling & Life Sciences
Institute)
The Life Sciences Center building is part of the Province of
British Columbia’s commitment to the expansion of
education for doctors and other health care professionals to
address the severe shortage of health care professionals and
to revitalize patient care. The center also enables the
integration of University-wide life sciences teaching and
research.
197.1
Lower Mall Single Student
Housing
This project, to be located on the Food Sciences site on
Marine Drive, will house approximately 1978 students in a
total of six buildings. This addresses both the demand for
student housing as set out in Trek 2010 and meets the
obligations as set out in the Official Community Plan.
123.9
Mixed Use Building
This five story building is a mix of office and retail building.
The second floor will house the Faculty of Dentistry’s new
Clinic.
22.6
Museum of Anthropology
The Museum of Anthropology (MOA) Renewal is a project
to renovate and add space that will allow improved
programs, displays, and research capabilities to better meet
the needs of a changing environment.
49.0
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Project Name
Description
Board
Approved
Budget
($million)
Swing Space Building
Swing Space, alternately know as “flex” or “surge” space,
will be used to accommodate campus groups, new hires,
chairs or organizations on an interim basis when current
buildings require renovation, major or legally mandated
upgrade or maintenance; an existing building must be
demolished; a new organization moves to UBC on short
notice; consequential moves are needed, or if there is a
temporary space shortage.
10.3
Thunderbird Olympic Sports
Arena
UBC has worked cooperatively with “Bid Corp”
Corporation in confirming the feasibility of siting an ice
hockey arena at the University for use as a venue for the
2010 Olympic Games. It will be used for women’s and
men’s preliminary hockey games and some medal games
during the Olympic Games.
40.8
Thunderbird Parking
Facility
The Thunderbird parking facility is part of a comprehensive
10-Year Replacement Parking Plan to ensure adequate
parking supply on campus.
24.8
UBC Renew
This project is an innovative agreement between UBC and
the Ministry of Advanced education to leverage $60M in
Provincial Government funding with UBC sourced $60M to
address the accumulated deferred maintenance debt and
accelerate implementation of the Facilities and Infrastructure
Management Plan (FIMP).
120.0
UBC Okanagan – Arts &
Sciences Buildings
A third floor is being added to the existing Arts and Sciences
buildings at the new UBC Campus located in Kelowna.
These additions will allow us to accommodate the 900 new
students starting in September 2005.
22.1
UBC Okanagan – Single
Student Housing
This project will add 350 new single student beds to the
UBC Okanagan campus for September 2006.
18.9
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Project Name
UBC Okanagan –
Multipurpose Building
Other Projects
Total
Description
This building will be a mix of generic research and teaching
space. This will create synergies in collaboration between
faculty and different departments and with industries;
between research and teaching; and will ensure flexibility in
the future as some research program areas grow and others
decline.
Board
Approved
Budget
($million)
28.8
17.2
960.1
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