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2003 - 2006 Operating Budget Planning Assumptions

Revised May 9, 2003

Planning Assumptions

Positive / (Negative) Impact on Budget

2003-04

2004-05

2005-06

1.         Incremental Progression

  $ (537,000)

   $ (537,000)

    $ (537,000)

2.         Salary Adjustments

     

a.  BCGEU and MFA

        (730,000)

   

b.  Administration and CUPE

   

       (202,000)

c.  BCGEU and MFA

   

       (530,000)

3.         Benefits Adjustments - All Groups

        (300,000)

        (200,000)

       (200,000)

4.         Non-Recurring Budget

     

·    Revenue

       1,051,315

   

·    Expenditure

     (1,051,315)

   

5.         Net Increase (Reduction) in Provincial Funding

 

        (756,008)

          399,003

6.         New Era Funded Program Growth (not including tuition)

       1,226,510

          593,729

          124,300

·    Cost of Delivery

       (826,974)[1]

        (326,551)

         (68,365)

·    Projected Increases to Services

     

-        Information Technology

        (200,000)

        (100,000)

       (100,000)

-        Facilities

        (250,000)

        (100,000)

       (100,000)

-        Other

          (88,745)

        (250,000)

       (250,000)

7.         Other Program Growth (not including tuition)

     

·    Cost of Delivery

       (323,285)[2]

   

·    Cost of Services

        (264,506)

   

8. Debt Servicing

        (400,000)

        (200,000)

 

9. Projected Increase to Net Return from International Education

 

                TBA

 

Projected Budget Surplus / (Short Fall)

     (2,694,000)

     (1,875,830)

    (1,464,062)


[1] Represents annual expenditure, estimated $23,515 of annualization to be transferred to Non-Recurring Budget for 2003/04.

[2] Represents annual expenditure, estimated $64,657 of annualization to be transferred to Non-Recurring Budget for 2003/04.