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2004 - 2007 Operating Budget Planning Assumptions

Version #2

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).  Funding to Malaspina will decrease in year 1 because AVED has reallocated funds within an overall fixed budget to student aid and amortization.  In year 2 the overall AVED budget increases by $30 million allowing further assignment to student aid and amortization, but also an increase to Malaspina.

By committing $399,003 of non-recurring funds in 2004/05 (this constitutes a first charge on the Non-Recurring Budget), the decrease in year 1 and increase in year 2 are rounded off to a net decrease of $357,005 in year 1.

      (756,008)

399,003

399,003

(399,003)

TBA

CATEGORY 1 NON-DISCRETIONARY ITEMS - CONTINUED

5.            Debt Servicing

The full year effect of servicing the Library mortgage.

      (200,000)

-

-

TOTAL CATEGORY 1 NON-DISCRETIONARY ITEMS

    (1,194,005)*

(637,000)*

(637,000)*


CATEGORY

Planning Assumptions

Discussion

2004-05

2005-06

2006-07

Positive / (Negative) Impact on Budget

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

      (150,000)

       (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 Education.

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

              0

      (100,000)

TBA

-

TBA

-

9.       Tuition

A new tuition plan is being developed, which will include an across-the-board 12% increase.  The plan will relate to university and college programs but not to developmental or enhanced revenue programs. 

1,500,000

TBA

TBA

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

       146,823*

   (1,049,710)*

(487,000)*


CATEGORY

Planning Assumptions

Discussion

2004-05

2005-06

2006-07

Positive / (Negative) Impact on Budget

CATEGORY 3 DISCRETIONARY ITEMS

10.    Technology Plan

See Plan for details.  Projected cost $100,000 to $140,000 per annum (Technicians and Student Assistants).

      (140,000)

0

0

11.    Teaching and Learning Centre

$70,000 - year one of development (.5 FTE and associated costs).

       (70,000)

(TBA)

(TBA)

12.    Library:  Acquisitions, Licenses, & Staffing

$135,000 (Interlibrary Loans; Research Knowledge Network; Collections; Staffing.)

(135,000)

0

0

13.         Curriculum Development:  New Courses & Programs

$50,000 (+ additional tuition).

(50,000)

0

0

14.    Strategic Plan

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

(TBA)

(TBA)

(TBA)

15.    Unfunded Program and Service Growth

Critical investment, without Ministry funding, in the respective areas, details TBA:

(i)                                                     Operating Capital

(ii)                                                   Instruction

(iii)                                                  Services

 

(400,000)

(200,000)

(150,000)

 

(250,000)

(TBA)

(TBA)

(250,000)

(TBA)

(TBA)

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

$ (998,177)*

$ (1,299,710)*

$ (737,000)*

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