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2004 - 2007 Operating Budget Planning Assumptions

Version #3

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.

0

(TBA)

(TBA)

3. Benefits - All Jurisdictions

College pension rate increase September 2004.

(130,353)

(900,000)

100,000)

4. Shortfall on FTE Funding for New Era

(135,409)

-

TBA

5. Non-recurring Funds Converted to Ongoing

629,349

-

TBA

6. Debt Servicing

The full year effect of servicing the Library mortgage.

(200,000)

-

-

TOTAL CATEGORY 1 NON-DISCRETIONARY ITEMS

(373,413)

(1,437,000)*

(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

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

· Revenue

694,724

124,300

TBA

· Cost of Delivery

(523,597)

(87,010)

(TBA)

8.         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

9.               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

-

10.     Tuition

1,400,000

TBA

TBA

11.     Savings Plan

815,000

TBA

TBA

12.     Reinvestment Plan

(2,062,714)

TBA

TBA

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

$0

$(1,399,710)*

$(487,000)*

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