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2004 - 2007 Operating Budget Planning Assumptions

CATEGORY

Planning Assumptions

Discussion

Positive / (Negative) Impact on Budget

2004-05

2005-06

2006-07

Category 1 NON-DISCRETIONARY ITEMS

1.         Incremental Progression

The cost of movement up the existing salary scales.

  $ (537,000)

$ (537,000)

       $ (537,000)

2.         Salary Increases

It is anticipated that any salary increases will be regulated by the provincial bargaining mandate for all jurisdictions.

(TBA)

(TBA)

(TBA)

3.         Benefits - All Jurisdictions

The annual escalation of benefits costs to the employer for a number of reasons may be slowing down, but some provision for inflation is still required.

     (100,000)

(100,000)

          (100,000)

4.         Projected net increase/decrease in AVED funding (separate from FTE funding)

The real reduction in Year 1 followed by the real increase in Year 2 could be created differently - recurring reduction of $357,005 and use of non-recurring funds $399,003 in Year 1 and no addition in Year 2.

     (756,008)

399,003

TBA

5.         Debt Servicing

The full year effect of servicing the Library mortgage.

     (200,000)

-

-

TOTAL CATEGORY 1 NON-DISCRETIONARY ITEMS

  (1,593,008)*

(237,997)*

(637,000)*


CATEGORY

Planning Assumptions

Discussion

Positive / (Negative) Impact on Budget

2004-05

2005-06

2006-07

CATEGORY 2 NON-DISCRETIONARY ITEMS - DISCRETIONARY BUDGET IMPACT

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

     

·    Revenue

   593,729

124,300

TBA

·    Cost of Delivery

     (452,901)

(87,010)

(TBA)

·    Projected Increases to Services

     

-        Information Technology

     (100,000)

(100,000)

(TBA)

-        Facilities

     (100,000)

(100,000)

(TBA)

-        Other

     (250,000)

      (250,000)

(TBA)

7.         Projected Increase to Net Return from International Education.

Projection is based on a review of ESL tuition, University tuition, student numbers overall and non-FTE related subsidies to university programs.

     150,000

-

         150,000

8.         Projected Increase to Net Return from Continuing Studies.

Projection will include base adjustment to Faculty of Adult and Continuing Education.

     (100,000)

0

-

TBA

-

TBA

9.         Tuition

A new tuition plan, including contemplation of differentiated fees, must be developed.  An increase across the board, or the equivalent of across the board, will realize revenue of $125,000 for every 1%, subject to timing adjustment which is usually accommodated through non-recurring funds.

TBA

TBA

TBA

TOTAL CATEGORY 1 NON-DISCRETIONARY ITEMS AND CATEGORY 2 NON-DISCRETIONARY ITEMS - DISCRETIONARY BUDGET IMPACT

  (1,852,180)*

      (650,707)*

(487,000)*


CATEGORY

Planning Assumptions

Discussion

Positive / (Negative) Impact on Budget

2004-05

2005-06

2006-07

CATEGORY 3 DISCRETIONARY ITEMS

10.     Technology Plan

See Plan for details.  Projected cost $100,000 to $140,000 per annum.

    (140,000)

0

0

11.     Teaching and Learning Centre

See Plan for details.  Projected cost $147,000 to $197,000 per annum.

    (197,000)

0

0

12.     Strategic Plan

The annual update to the Strategic Plan will most probably identify new investments required.

(TBA)

(TBA)

(TBA)

13.     Unfunded Program and Service Growth

Plan to be developed.

(TBA)

(TBA)

(TBA)

TOTAL OF CATEGORIES 1, 2, AND 3 WHICH LEADS TO A PROJECTED BUDGET SURPLUS/(SHORTFALL)

$ (2,189,180)*

$ (650,707)*

$ (487,000)*

NOTE:  * This total number is not the aggregate of the numbers that precede it.  Some numbers are yet to be determined.