The Governement of Manitoba has sent a mandate letter to colleges and universities in the province, outlining a new funding formula.

Economic Development and Training Minister Ralph Eichler urged schools in the letter to look at sharing procurement and other services. He added that schools should explore centralizing the application system, and seek provincial approval for capital projects, regardless of who is funding the project.

In the letter, Eichler went on to say that colleges and universities need to be vigilant when it comes to management staffing levels and salaries paid to senior executives.

The mandate letter says that a new funding system will be developed that tie funding to a performance measurement.