OCUL business planning is supported on an annual and multi-year basis. Annual operating budgets are developed and approved in the context of three-year forecast budgeting.
OCUL developed Scholars Portal with funding support received from the Ontario Innovation Trust in 2001-02. The OIT-funded development project was completed in December 2005.
From January 2006, OCUL members assumed full responsibility for sustainability of Scholars Portal. The OCUL directors receive semi-annual reports on Scholars Portal and are responsible for approving all substantive and strategic directions. Regular business and financial planning ensures the continued viability of OCUL’s preservation operations. The Scholars Portal Sustainability Budget is the annual operating budget, covering all revenue sources and expenses. The main expense areas are staffing, hardware, software, and operating overhead. The budget includes allocations to special restricted funds which support technology refreshment, new initiatives, and an operating reserve.
OCUL budget planning, approval and monitoring cycle
At each Spring Directors meeting:
At each Fall Directors meeting:
Budget approval for the following fiscal year based on the following
Three-year budget forecast ispresented each year on a rolling basis. Revisions aremade annually at the Fall Directors meeting
Budget documentation will be:
OCUL Executive Director