2018-19 Budget Priorities and Expenditures · 2018-19 Budget Priorities and Expenditures Finance...

2018-19 Budget Priorities and Expenditures

Finance Committee, Board of Governors

Ryerson UniversityApril 26, 2018

Overview

2

I. Budget Development Process

II. 2017-18

Page

3

Progress Report on 2017-18 6

III. 2018-19 Budget

2018-19 Operating Budget Context 11

2018-19 Operating Budget: Incremental Revenue 20

2018-19 Operating Budget: Strategic Priorities 26

2018-19 University Operating Budget 33

2018-19 University Consolidated Budget 37

IV. 2018-19 Fees and 2019-20 Tuition Fees

2018-19 Fees and 2019-20 Tuition Fees Schedules 40

Budget Overview• Budget is balanced• Enrolment demand continues to be very strong

• Enrolment health is key factor in financial health • Grants and fees represent 97% of revenue

• Beginning to see the effects of the new enrolment corridor - revenue growth is slowing down

• Budget reduction to balance has grown from 0.5% last year to 0.7% this year

3

Budget Overview• Strategic priorities continue to be supported

• Key initiatives to support the Academic Plan continue to mature and are now permanently part of our culture

• Limited resources to fund new priorities without additional growth

• Still significant flexibility to deal with negative downturns

• Beginning to reposition enrolment growth towards international students

4

I. Budget Development Process

3

Budget Development Process

• December: Academic and administrative units asked to prepare budget submission.

• January: Academic and Administrative units submit:1. Outline of how strategic allocations from previous budget cycle

were spent 2. Outline of how unit will implement required base budget

reduction (initially estimated at 3%)3. Request for strategic reallocation funding where needed

• February/March: Multiple discussions of budget submissions with Macro Planning Committee. Community budget consultations.

• March/April: Preparation of University budget based on budget consultation process for approval by President and Board of Governors.

4

2018-19 Budget Briefings and Consultations• Consultations and briefings held through Town Halls and

meetings with Vice Presidents, Deans, academic Chairs and Directors, union leadership, students.

• Special information/consultation meetings with the student members of the Board, Ryerson Students Union and student societies

• Key discussion points in consultations:• Financial situation facing Ontario universities• Parameters for operating revenue and expenditures• Link with Strategic Mandate Agreement process• Strategic approaches to promoting University’s priorities

5

II. 2017-18

Progress Report on 2017-18

Overview of Enrolments for 2017-18

ENROLMENT (Undergraduate FFTEs; Fall Graduate FTEs)

Budgeted Estimated Actual Difference Comments

Undergraduate34,550

35,080 +530 or 1.5%

Increase in intake beyond target levels, higher zone enrolment and higher than projected retention, resulting in additional OTO fully-funded enrolment growth

Graduate2,340

2,360 +20 or 0.9% Slightly above target for funded enrolment

9

Year-end Status of Expenditures and Revenues for 2017-18OPERATING EXPENDITURES

Expenditures within Budget.OPERATING REVENUES

$11.3M April 2017 OTO year-end funds $3.9M April 2018 OTO year-end funds = -$7.4M LESS AVAILABLE TO ALLOCATE IN 2018-19 THAN 2017-18

10

Greater student engagement and success

• Launch of Master of Arts in Criminology and Social Justice, and Professional Master’s Diplomas in Accounting and in Finance for Social Innovation

• Investments in Mental Health Support• Implementation of co-curricular record for students across campus • Expansion of REAL (Ryerson English as an Additional Language) Institute with

opening of new headquarters on College Street

Increase SRC excellence, intensity and impact

• Hosted Congress for Humanities and Social Sciences with record attendance of more than 10,000 delegates

• Awarded up to $10 million Tri-Agency grant to establish Canada Excellence Research Chair in Migration and Integration

• Awarded two new Canada Research Chairs in Faculty of Engineering and Architectural Science

Foster an innovation ecosystem

• Ryerson’s DMZ ranked as #1 university-based incubator in the world (tied with UK’s SETsquared) by UBI Global

• Opening of DMZ office in New York City• Approval of proposed Law program from Senate, Quality Council, and the Law Society

of Ontario

Expand community engagement and city building

• Release of community consultation report in relation to Truth and Reconciliation Commission, with several next steps underway

• Student housing study underway as part of collaboration of four Toronto universities • Appointment of first Vice President, Equity & Community Inclusion• Appointment of new Vice President, University Advancement & Alumni Relations and

Vice President, Administration and Operations

Strategic Priorities Implementation 2017-18

11

2017-18 Core Performance Measures Updated April 6, 2018Indicator

Short-term Objective

Current level (Results)

March 2017 level

Short-term Target

Time-frame

Long-term Objective

Enable Greater Student Engagement and Success through Exceptional Experiences

NSSE: Undergraduate entire educational experience rating* (triennial)CGPSS: Overall rating of the quality of graduate programs* (triennial)

74.8% (2017)

86.2% (2016)

76.2% (2014)

86.2% (2016)

75% - 80%

83% - 88%

2017-18

2019-20

FTE enrolment as share of target Undergraduatex Graduate

102% (2017)101% (2017)

103% (2016) 104% (2016)

100% 100%

2017-182017-18

CSRDE: Percentage of students retained from Year 1 after 1 Year 88.4% (2017) 89.6% (2016) 86% - 91% 2018-19

CSRDE: 6-year graduation rate 71.5% (2017) 70.0% (2016) 70% - 72% 2017-18

Master’s completion rates within 3 years 89.2% (2017) 88.4% (2016) 89% - 91% 2017-18

Increase SRC Excellence, Intensity and Impact

Value and number of peer-adjudicated research grants per eligible faculty member

$18,001 (2016)0.46 (2016)

$17,623 (2015)0.44 (2015)

$15,500 0.5

2017-18 2017-18

Total External Research Funding $47.5M (2016) $46.9M (2015) $40M - $50M 2017-18

Foster an Innovation Ecosystem

Zone Learning Enrolment (FFTE) 1,179 (2017) 988 (2016) 900 – 1,000 2018-19

Expand Community Engagement and City Building

Mean entering average from secondary school 84.9% (2017) 84.4% (2016) 83% - 85% 2017-18

Mean entering average in Master’s programs B+ (2017) B+ (2016) B+ 2017-18

Positive print and online references to Ryerson 5,938 (2017) 6,286 (2016) 6,200 2017-18

Results: & amber lettering = below short-term target & green lettering = at or above short-term target & black lettering = target applies to later year

Long-term improvement Long-term maintenanceObjective:*Percentage of students reporting good or excellentAbbreviations: Consortium for Student Retention Data Exchange (CSRDE), National Survey of Student Engagement (NSSE), Canadian Graduate and Professional Student Survey (CGPSS)

III. 2018-19 Budget

2018-19 Operating Budget Context

2018-19 Budget Principles A. Reinforce Ryerson’s mission and four strategic priorities in Academic Plan

B. Priorities for extraordinary budget reallocations:1. Funding to protect core activities2. Initiatives to improve student experience, engagement and outcomes3. Initiatives related to the recommendations of the Truth and Reconciliation Report

C. Guided by four principles:1. Fairness and Transparency2. Priority on Students3. Forward Looking4. Wide consultations

D. Balanced operating budget

E. Departmental base-budget reductions of 1.5%*: 0.7% for balanced budget requirements0.8% for base strategic reallocations

14

* 1.5% of 2018-19 Departmental base budgets = $6.3 million

Key Drivers of Operating Budget for RyersonEnrolment: • Strong demand: Ryerson continues to have highest applications-to-registrant ratio in the

province, and second largest absolute number of applications in the province• Demographic decline in Ontario population aged 18 to 21 projected until 2022. Will be

less severe in GTA, with population expected to increase after 2020.Government Grants:• Corridor funding system caps undergraduate and graduate grants• Performance Grants funding envelope with an assurance that there will be no loss of

grant income during the 2017 to 2020 SMA periodFees and Student Assistance Government Policies:• Provincial policy caps overall tuition fee increase at 3% for 2018-19• Net tuition fee billing to be in place in 2018-19Compensation:• Salary and benefits inflationary costs per collective agreements and Government

legislation

15

Enrolment: Sustained Increase in DemandChange in Undergraduate Secondary School Applications, 2018 vs. 2004

16

(10,000)

(5,000)

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

65,000

70,000

75,000

Cha

nge

in N

umbe

r of A

pplic

atio

ns

All Choices

1st Choice

84%

72%

19%

20%

Enrolment Plan

17

Undergraduate: relatively flat intake for Fall 2018 compared to 2017, with strong flow-through from growth in earlier years, results in projected less than 1.0% increase overall for 2018-19.Graduate: enrolment to match funded levels.

Undergraduate GraduateYear 1 in FT

Undergraduate Programs

Headcount ~

Year over Year

Change

Total Undergraduate

FFTEs*

Year over Year

Change

Graduate FT and PT

Headcount^

Year over Year

Change

Graduate Fall FTEs ^

Year over Year

Change

08-09 6,202 11.3% 24,189 4.6% 1,966 20.0% 1,657 20.7%09-10 6,267 1.0% 24,780 2.4% 2,120 7.8% 1,790 8.0%10-11 6,521 4.1% 25,542 3.1% 2,246 5.9% 1,995 11.5%11-12 6,766 3.8% 26,266 2.8% 2,322 3.4% 2,068 3.7%12-13 7,265 7.4% 27,548 4.9% 2,349 1.2% 2,103 1.7%13-14 8,007 10.2% 29,485 7.0% 2,358 0.4% 2,104 0.0%14-15 8,198 2.4% 31,221 5.9% 2,419 2.6% 2,164 2.9%15-16 8,485 3.5% 32,926 5.5% 2,529 4.5% 2,213 2.3%16-17 8,619 1.6% 34,223 3.9% 2,575 1.8% 2,312 4.5%

17-18 Est. 8,707 1.0% 35,080 2.5% 2,625 1.9% 2,351 1.7%18-19 Proj. 8,760 0.6% 35,190 0.3% 2,635 0.4% 2,360 0.4%19-20 Proj. 8,760 0.0% 35,300 0.3% 2,645 0.4% 2,370 0.4%20-21 Proj. 8,760 0.0% 35,300 0.0% 2,645 0.0% 2,370 0.0%

~ The plan is to maintain domestic Year 1 intake and increase the intake of international students* Includes CE enrolments and Nursing Collaborative program.^ For 2019-20 and beyond no new graduate programs have been included.

Government Grants• New Operating Grants Structure: Current Provincial operating grants

were restructured in 2017-18. • Core Operating Grants will be enrolment-based with a corridor funding system that

will cap undergraduate and graduate grants unless additional funding is negotiated in the next SMA process.

• Performance Grants will eventually allocate funds based on performance metrics, but will not put any funds at risk in the period 2017-18 to 2019-20.

• Special Purpose Grants will remain unchanged.

• Budget Schedules Presentation: While the Ministry is still in the final stages of implementing the new Funding Formula we believe we are close to the steady state. Grants in Budget Schedule 2 are based on new 2017-18 grant structure.

Note: See details on Budget Schedules 1 and 2 (pp. 34 and 36).

18

• Roll-over of prior tuition fee policy for two additional years:• 3% cap on overall average fee rate increase.• Most undergraduate programs maximum annual fee rate

increase of 3%.• Selected undergraduate professional programs* and all

graduate programs maximum annual fee rate increase of 5%.

• Net Tuition billing beginning in 2018-19

Government Tuition Fee Policy:2017-18 to 2018-19Government Tuition Fee Policy:

2017-18 to 2018-19

19

* Architectural Science, Computer Science, Engineering, TRSM

• Currently, the Ministry has not approved a tuition fee framework beyond 2018-19

• Causes issues for Net Billing implementation• Early indications suggest that the Ministry may roll-

over the existing tuition fee policy with little time for consultation

• As part of the 2018-19 budget process, we are proposing approval of a provisional 2019-20 domestic fee schedule contingent on Ministry decisions

• Will develop a risk mitigation plan to address potential Ministry policy changes

Government Tuition Fee Policy: 2019-20

20

• Institutional average fee increase below 3%• Undergraduate programs

a) Most undergraduate programs: Year 1 student fee increase is 3.0% for 2019-20; Continuing student fee increase is 2.7% for 2019-20

b) Selected undergraduate professional* programs: Year 1 student fee increase is 5.0% for 2019-20; Continuing student fee increase is 2.7% for 2019-20

• Graduate programs• Most master’s and all doctoral programs: No change • MBA: Year 1 and continuing students fee increase of 5.0%• Professional Oriented Masters (e.g. Architecture, Computer Networks,

Digital Media): Year 1 and continuing students fee increase is 2.0%

Tuition Fees: Recommended Ryerson Domestic Tuition Fees for 2019-20

21* Architectural Science, Computer Science, Engineering, TRSM

2018-19 Operating Budget Incremental Revenues & Expenses

2018-19 Incremental Revenues over 2017-18 Budget

Note: For details, please refer to Budget Schedule 1 (page 34).

23

OPERATING FUND $ millionsSOURCES OF FUNDSGrants

Operating grants - Graduate OTO expansion 1.8 Other grants 0.6

Student fees3% rate increase 8.0 Enrolment growth and mix changes 2018/19 10.5 Enrolment growth and mix changes 2017/18 3.2

Chang School 1.3 Other revenue 0.4 TOTAL SOURCES OF FUNDS 25.8$

1. summary

Joanne - April 5, 2018 excluding cell notes4/30/18CONFIDENTIAL

info only

RYERSON UNIVERSITY4/17/24

Proposed 18-19 Budget - Operating Fund

$0002012/13 APPROVED BUDGET2013/14 APPROVED BUDGET2013/14 APPROVED BUDGET2013/14 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 APPROVED BUDGET2014-15 ACTUAL YEAR END RESULTSDifference btwn budget and actuals2015-16 APPROVED BUDGET2015-16 ACTUAL YEAR END RESULTS*2016-17 $ APPROVED BUDGET2016-17 APPROVED BUDGET2016-17 APPROVED BUDGET2016-17 APPROVED BUDGET2016-17 APPROVED BUDGET2016-17 ACTUAL YEAR END RESULTS *2017-18 $ APPROVED BUDGET*2018-19 Estimate2019-20 Estimate2016-17 $ Increase (Decrease) over 2015-162016-17 % Increase (Decrease) over 2015-162018-19 $ PROPOSED BUDGET *2019-20 $ ESTIMATE2020-21 $ ESTIMATE2018-19 $ Increase (Decrease) over 2017-182018-19 % Increase (Decrease) over 2017-18

REVENUES:

Operating Grants (Schedule 2)203,409000.00%0000.00%see attached grants schedule00$ 207,755$ 208,234$ (479)$ - 0$ 210,063$ 215,529$ 215,529$ 207,756$ 207,757$ 215,529$ 223,538$ 260,996$ 260,996$ 260,996$ - 00.0%$ 263,403$ 268,403$ 273,403$ 2,4070.9%See grants summary. Includes all grants including $1,884K OTO grad grant

Tuition Fees157,89300005% average rate increase plus enrolment increases00197,794205,649(7,855)217,884226,998240,763247,986255,425263,088255,425249,668267,853275,889284,165289,571$ 298,258$ 307,206$21.7M includes $8M (3%) for fee increase + $13.7M growth, of which $10.5M (3.9%) relates to 18-19 growth & $3.2M (1.2%) relates to 17-18 growth. Driven by international growth with a 17-18 projected actual of $33.3 M vs the budget of $27M. This will gro

Rate increases4,7373.00%0.00%Rate increase- 0- 0- 0- 06,5373.0%8,0363.0%

Enrolment changes - 17-1800.00%0.00%Enrolment changes and program mix- 0- 0- 0- 010,6054.9%10,5013.9%

Enrolment changes - 18-19- 0- 0- 0- 05,7382.6%3,1811.2%

Chang School37,89439,0311,1373.00%40,20241,40842,6500.00%rate and program mix changes0040,20240,02717540,74541,63541,96743,22644,52345,85944,52345,07543,22644,52345,8591,2223.0%44,52345,85947,2341,2973.0%3% increase

Other Revenue9,18510,0848999.79%9,344000.00%rate and volume changes009,34411,062(1,718)9,6449,4358,3458,5128,6828,8568,6829,9378,4348,6028,775(1,299)-13.5%8,8349,0109,1914004.7%Includes aditional investment income

TOTAL REVENUES408,381000.00%000000000455,095464,972(9,877)- 0488,131506,604515,253516,386525,559524,159528,218580,509590,010599,794- 0- 0606,331621,530637,03425,8224.4%

EXPENSES:

Departmental Budgets328,350347,32918,9795.78%0000.00%salary and enrolment increases net of 3% reduction00371,697383,99612,299390,052417,875415,614428,327438,054451,103442,249453,091458,385472,307486,16525,5626.6%478,272492,130506,47519,8874.3%3% salary increase for all unsigned groups except 4.5% for RFA; Benefits + 6% per Mercer. Includes Provos't share for growth. 1.5% cut. operating cost of new space, & Pension deficit provision;17-18 restated to include the 4.1M stategic allocation

SPECIAL PROVISIONS ( for memo purposes only - NOT INCLUDED IN TOTAL BELOW)

Pension Deficit provision4,1004,6004,1004,100500Deficit payments began Jan 1, 2017; $500K increase from 17-18 budget

Recurring OTO items added to Base2,0004,000- 0TBD

Zone OTO expenses transferred to base8,7057,4637,4638,705Zone grant & expenses transferred to base

Operating Costs of new space - excluding ancillary fund portion4,3534,3534,3534,353Operating fund portion only - Church St; 104 Bond; Mid Block; 44 Gerrard

Financing Costs on new debt : excluding ancillaries portion2,7582,7582,7582,758Includes operating fund portion of interest on $130M bonds. $2,758K of the total $4,898K

Provision for Truth & Reconciliation $TBDTBDTBDTBDTBDTBD

Chang School - Direct Costs28,13528,9798443.00%29,84830,74431,66632,61633,59534,60235,64136,71037,81129,84829,855730,74429,97431,66632,61633,59534,60233,59532,96032,61633,59534,6029223.0%33,59534,60235,6419783.0%3% increase

Student Financial Assistance10,98211,3113293.00%12,44312,81613,2000.00%additional bursaries (see SLIDE # 57)0012,44311,850(593)14,20013,80016,20016,68617,18717,70217,18715,05617,82018,35518,9052,00014.1%18,35518,90519,4725353.0%3% increase

Utilities and other non salary provisions24,00525,9221,9187.99%0000.00%rate and volume changes0025,79826,142344- 023,31127,61531,28732,22633,19332,34523,31125,74231,28732,345- 00.0%26,97031,28732,3451,2284.8%Utilities +7% for existing space; Impact of new space incl utilities included in space provision above.

Current Interest on debt7,1097,10907,1097,1097,1097,1097,1097,1097,1097,1097,1098,1098,8026938,1097,8388,1097,1097,1097,1097,1097,4328,1098,1098,109- 00.0%10,86710,86710,8672,75834.0%Includes operating fund portion of debenture interest ($2,758K)

Infrastructure Maintenance3,5003,50003,5003,5003,5003,5003,5003,5003,5003,5003,5003,5005,8352,3353,50010,4653,5003,5003,5003,5003,5007,4693,8503,5003,500- 00.0%3,8503,8503,850- 00.0%Flatlined

Strategic allocationsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgetsStrategic allocations to departmental base budgets3,89933,986- 00.0%34,4224361.3%Strategic allocation base balancing figures, at 1.5% cut. Includes:cuts 3.6M Grad OTO 1.8M less 5M general transfer of OTO to base

Strategic allocations to departmental OTO budgets- 0Strategic allocation OTO balancing figure (includes $1,884K OTO grad grant + 20,281K of UG grants previously treated as OTO.) Also, 2/3 of zone grant of 8705= 5803 to remain as OTO

TOTAL EXPENSES405,881424,15122,0705.44%000044,20445,211047,3190451,395466,48015,085- 0503,263506,604519,526531,671547,210535,985539,320580,509567,154583,628- 0- 0606,331612,318631,32525,8224.4%

BUDGET REVENUES LESS EXPENSES, before OTO allocations2,500000000(44,204)(45,211)0(47,319)03700- 0(15,132)-0(4,274)(15,285)(21,651)(11,826)(11,102)-0- 009,2135,7080

ONE TIME ONLY (OTO) ALLOCATIONS:

ADD:

Additional grant revenues & expenses savings (prior year)10,13911,03600000000011,900(11,900)9,31910,197- 011,3478789.4%3,933(7,414)-65.3%

Operating grants (current year) - restated for revised OTO designation5,650000000000021,90032,63810,738- 043,83736,423- 0- 0- 0- 038,056- 0- 00.0%- 0- 0See grants summary. $1,884K Grad OTO grant included in total operating grants above.

Zone- 0- 0- 0- 0

LESS:

Growth related expenses(13,861)(11,900)(11,900)(11,900)(11,900)(11,900)(11,900)(11,900)(11,900)(11,900)(11,900)11,900(9,319)(10,197)1,961(11,347)(878)9.4%(3,933)7,414-65.3%

Strategic budget allocations(18,289)(11,000)(21,900)(21,900)(21,900)(21,900)(21,900)(21,900)(21,900)(21,900)(21,900)(21,900)21,900- 0(36,423)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Transfers to Carryforward department budgets(29,876)(28,650)(25,423)

Zone- 0- 0- 0

NET OTO ALLOCATIONS(2,500)000000000000- 02,76232,638- 015,1870- 0- 0- 0- 012,6330000000

REVENUES LESS EXPENSES AND ALLOCATIONS0000000000000$ 3,700$ 1,254$ 27,430- 0$ 55$ (0)$ (4,274)$ (15,285)$ (21,651)$ (11,826)$ 1,531-0000000

1

** 17-18 & 18-19 Operating Grants restated to conform with new MAESD funding model.

deficit as annual % of departmental budget + CE (without budget reductions)-0.9%-3.2%-4.5%-2.5%0.0%0.0%0.0%1.7%1.1%

deficit as annual % of departmental budget excluding CE (without budget reductions)-1.0%-3.5%-4.8%-2.7%0.0%0.0%0.0%1.9%1.1%

annual % budget reduction required to balance budget incl. CE-0.9%-2.3%-1.2%-1.6%0.0%0.0%0.0%1.7%-0.7%

annual % budget reduction required to balance budget excluding. CE-1.0%-2.5%-1.3%-1.7%0.0%0.0%0.0%1.9%-0.7%

* 2016-17 Actual Expenses will include spending form both Base and OTO approved budgets

Ivan Gottlieb:the 2.5M includes 1.4M provision for other buildings from the 12-13 growth. (not Health Sciences). Health sciences is not provided for

Ivan Gottlieb:includes 3M for Church st property

Ivan Gottlieb:includes the $3M 13-14 strategic allocations

Ivan Gottlieb:waclaw

Ivan Gottlieb:this is added to dept in 14-15

Ivan Gottlieb:DOES NOT include Zone OTO grant of 1.5M to be given to provost Includes additional 1175 to eliminate the 5%

Ivan Gottlieb:Dianes board report less OTO zone & UG accessibility grant

Ivan Gottlieb:balancing figure to Diane's total expense of 503,263

Ivan Gottlieb:see page 1 of Dianes board report

Ivan Gottlieb:pg 59 of Dianes board report

Ivan Gottlieb:pg 51 Dianes board report

Ivan Gottlieb:OTO Zone & UG accessibility

Ivan Gottlieb:increase in operating fund carry forward year to year

Ivan Gottlieb:903K for new space per Manney

1A1use of base grant increase

RYERSON UNIVERSITYNOT UPDATED

UTILIZATION OF UG ACCESSABILITY BASE GRANTS INCOME & TRANSFER OF ZONE TO BASE 000'S*

*transferred from OTO to base

Utilization of UG Base grants transferred from OTO to Base2018-19 PROJECTED2019-20 PROJECTED2020-21 PROJECTED

SOURCES: Additional Base Grant Revenues

Incremental annual $5M grants transferred from OTO to base each year5,00010,00015,000

Zone grant transferred to Base7,4637,4637,463

12,46317,46322,463

APPLICATIONS: Additional Base grants to be used for base expenses

Pension Deficit provision (already provided for in the 17-18 base budget)000

Recurring OTO expenses added to Base - $2M each year2,0004,0006,000

Truth & Reconciliation - TBDTBDTBDTBD

ZONE expenses transferred to base7,4637,4637,463

Campus Expansion - operating fund portion only

Financing Costs - excludes residences and parking2,7582,7582,758

Operating Costs - excludes residences & parking4,3534,3534,757

Total Applications16,57418,57420,978

Annual sources less applications##(4,111)(1,111)1,485

## shortage must be covered by budget cuts; overage is available to reduce cuts or for other spending

Impact on UG Accessability Grants2017-18 BUDGET***2018-19 PROJECTED2019-20 PROJECTED2020-21 PROJECTED

BASE UG ACCESSABILITY GRANT (zone now base)

Opening balance*21,14721,14733,61038,610

Transfer from OTO to base assumed (18-19 = Zone 7,463;+ UG Access 5,000)12,4635,0005,000

Ending Balance projected33,61038,61043,610

OTO UG ACCESSABILITY GRANT (zone now base)

Opening balance*33,98633,98621,52316,523

Transfer from OTO to base assumed (18-19 = Zone 7,463;+ UG Access 5,000)(12,463)(5,000)(5,000)

Ending Balance projected21,52316,52311,523

Total UG Accessability Grant55,13355,13355,13355,133

* no variance is assumed between budget and actual for 17-18.

*** refer to Schedule 2 Grants in the 17-18 Approved Budget package

1A major changes

NOT UPDATED

RYERSON UNIVERSITY

3 YEAR BUDGET MODEL - OPERATING FUND

MAJOR INCREMENTAL BASE BUDGET ANNUAL CHANGES (000'S)

Incremental Base Revenues / Costs - major items2018-19 Annual Base Increment2019-20 Annual Base Increment2020-21 Annual Base Increment

Revenues:

Additional $5M grants transferred from OTO to base, each year+Zone 7,463K in 18-19(12,463)(5,000)(5,000)

Costs:

Annual Salary Increases10,34810,70111,030

Annual Benefits Increases3,5743,1573,315

Infrastructure Maintenance - Asset Management Plan

Zone expenses transferred to base7,463

Campus Expansion - operating fund portion only

Financing Costs - excludes residences and parking2,758

Operating Costs - excludes residences & parking4,353

Net Total Increment16,0338,8589,345

Note: this summarizes major changes, not all changes.

1.B Bond interest attribution

Attribution of Interest on $130M bond issue to operating & ancillary funds

Capital Projects $m using the $130M loanDate ApprovedProject CostGrants (excludes partner)Net project Cost

Board Approved @ Sept 2017

Annual Interest expense for the $130M loan @ 3.768%$ 4,898,400

Approved - In Progress

DCHS - Academic BuildingNov 2012$ 114.90$ 61.39$ 53.51

DCHS - Sustainability EnhancementsNov 20144.50$ 4.50

DCHS - Parking *Nov 201413.60$ 13.60

DCHS - Student HousingNov 201443.20$ 43.20

Sub-total - Daphne Cockwell Health Sciences (DCHS)176.2061.39114.81

Mid block ConnectionNov 201511.50$ 11.50

CUI 44 Gerrard (SIF)Sept 201659.2019.90$ 39.30

15 Campus Renewal Projects (SIF)Sept 201628.7016.70$ 12.00

Total$ 275.60$ 97.99$ 177.61

Interest on residence $43.2M @ 3.768%$ 1,627,776

Interest on parking $$13.6M @ 3.768%$ 512,448

Total Ancillaries$ 2,140,224

Balance of $4,898,400 interest to operating fund$ 2,758,176

Total Attributed$ 4,898,400

* 159 spaces = $85,534 per space

1.C new space costs

4/30/18

Operating Costs - new capital projects -ASSUMED AT $15 PER SQ. FT.***$15

DRAFT FOR DISCUSSIONUsable NASF*Gross Sq ftGross Sq MeterSpace for current on campus groups (see tabs for addl info)Potential repatriation of leased space10 Yr cost savings from repatriation ($M) (6)Backfill costs if applicable ($M) (7)Operating costs in new space at $15 per sq. ft.Capital costs for new space ($M)Net Expansion costs ($M)Cost per Sq MCost per Sq ftLatest Capital cost in model (Elizabeth or Paul)Total Sq ft to operate16-1717-1818-1919-2020-2121-22after 21-22

Approved - in progress or in planning

Church st - Academic & Admin (excl residence & Parking)**Approved20-18-19210,4453,156,675210,4453,156,6753,156,6753,156,6753,156,6753,156,675

Innovation in Science BldgIn Planning2020-2167,447114,65810,652FoS teaching consolidation: Math dept, 1st Yr and Outreach Offices, 1st and 2nd year Chem, Bio and Physics teaching labsn/an/aYes1,719,87000.00.00075,200,000114,6581,719,8701,719,870

104 Bond (external tenants until 20-21Approved2020-2126,9062,500tbdtbdtbdtbd403,59011.1403601.1161464440.6615000412.54738729,900,00026,906- 0- 0403,590403,590403,590

RTS in SLC (3)2016-17n/an/an/an/a- 0n/an/a- 0- 0- 0- 0

Mid-Block Connection( space increased by 1/3 - 1 more floor)Approved2018-193,8750Student study / temp bookstore locationn/an/an/a186,19300.06005,600,00012,413186,193186,193186,193186,193186,193

44 Gerrard (CUI)Approved2018-19067,3506,257Research - wet and dry lab expansionn/an/an/a1,010,25000.00.00045,700,00067,3501,010,2501,010,2501,010,2501,010,2501,010,250

Yonge St Project -Cresford - 4 floors -assumed 57K sq ft only. $12.5M land approvedIn Planning2023-24000TRSM growth, Zone expansion space1 Dundas 11th Fl0Yes855,00000.00.00032,500,00057,000855,000

2023-24000Classrooms, JOR / VIC / CCS, Admin, VIC teaching,10 Dundas E Ste 1002 + 415 Yonge CGCE/UA0.0Yes- 00.00.00.000149,100,000- 0

Public Realmn/an/an/an/an/a- 0n/an/an/an/an/a

Ryerson Theatren/an/an/an/an/a- 0n/an/an/an/an/a

- 08560.00795.243403939145,100,000- 0

Likely and Under Consideration

TRSM Expansion2020-21116,288134,40012,486TRSM growth, + other as needed (eg classroom)n/an/an/a2,016,00000.00.00087,000,000134,4002,016,0002,016,000

Classroom Building?????1,718,4774834.00449.089557785251,450,000114,5651,718,477

5185.00481.698253437476,390,000- 0

5844.00542.920847268735,650,000- 0

Grand total11,066,055613,590,000737,737- 0- 04,353,1184,353,1184,756,7088,492,57811,066,055

Model 2 (excludes Cresford)11,066,055464,490,000737,737- 0- 04,353,1184,353,1184,756,7088,492,57811,066,055

Model 1A (excludes Cresford, Digital, Repatriation of Leased space, Theatre school11,066,055307,350,000737,737- 0- 04,353,1184,353,1184,756,7088,492,57811,066,055

Model 1B (excludes Cresford, Digital, Repatriation of Leased space, Theatre school, classroom space, TRSM, Science.5,611,708242,800,000374,114- 0- 04,353,1184,353,1184,756,7084,756,7085,611,708

Grand total - approved projects only7,331,578488,772- 04,353,1184,353,1184,756,7086,476,5787,331,578

Usable for Leased property

Net Assignable for RU property6306576063246630

Note (1) Assumes 2 floors

Note (2) Area provided by seller, tbc by RU. $11.1M is purchase price only - excludes fit-out costs. Assumes termination summer 2020 (RU has option to terminate earlier in 2019). Potential redevt op with adjacent RU properties (110 and 112 Bond).

Note (3) Replaces 44 Gerrard studios (not net expansion). Replacement space costs would include fit-out and rent for Atrium on Bay lease, and Kerr Hall renos which supplemented remaining space requirements from move out of 44 Gerrard.

Note (4) Assumes base case (6 floors)

Note (5) Assumes base case (7 floors) - see Cresford tab for occupant assumptions, including classroom test-fit scenarios

Note (6) Rent costs only (excludes additional rent / operating costs). Assumes approx 2% annual rent increase after current expiry - excludes repairs / refresh on leased space. See Summary -CF tab for details

Note (7) See leased space summary tab for details on cost associated with lease expiry. Backfill costs are assumed if expansion space is for on-campus relocated groups.

87000000

Note: operating costs begin at assumed occupancy point; no proration for partial years

** podium to open in September 2018, Residence in Jan 2019

*** under review

Ivan Gottlieb:assumed

Ivan Gottlieb:57000 sq ft assumed, excludes 12.5M for land

Ivan Gottlieb:computed based on Elizabeth's capital cost and cost per sq ft

BOG Charts

OPERATING FUND$ millions

SOURCES OF FUNDS

Grants

Operating grants- 0

Graduate OTO expansion1.8

Other grants0.6

Student fees

3% rate increase8.0

Enrolment growth and mix changes 2018/1910.5


Chang School1.3

Other revenue0.4

TOTAL SOURCES OF FUNDS$ 25.8


EXPENSES

Inflation, compensation, pension and other costs *21.7

Chang School - Direct Costs1.0

Growth related costs10.3

Student financial assistance0.5

Strategic allocations (.8% of department budgets)3.6

OTO allocations transferred to base(5.0)

Base reductions (1.5% of department budgets)(6.3)

TOTAL EXPENSES$ 25.8

* Salaries and benefits $13.9; debt service $2.8; utilities and other non-salary expenses $5.21.7

-0check


SOURCES OF FUNDS

Grants

Operating grants- 0

Graduate OTO expansion1.8

Other grants0.6

Student fees

3% rate increase8.0



Chang School1.3

Other revenue0.4

TOTAL SOURCES OF FUNDS$ 25.8

EXPENSES

Inflation, compensation, pension and other costs *21.7

Chang School - Direct Costs1.0

Growth related costs10.3

Student financial assistance0.5

Strategic allocations (.8% of department budgets)3.6

OTO allocations transferred to base(5.0)

Base reductions (1.5% of department budgets)(6.3)

TOTAL EXPENSES$ 25.8

NET$ - 0

2. Sources & Applications

RYERSON UNIVERSITY

18-19 BUDGET - OPERATING FUND

SOURCE & APPLICATION OF BASE BUDGET CHANGES (000'S)

18-19 BUDGET VS. 17-18 BUDGETNOT UPDATED

BASE CHANGES ONLY

2019-20 Annual Base Increment2018-19 FUNDING SOURCES2018-19 FUNDING APPLICATIONS2018-19 NET FUNDING APPLICATIONS - GOES TO STRATEGIC ALLOCATIONS

FUNDING SOURCES & APPLICATIONS

GRANTS:

Growth in Grants:24072,407

Transfer of ZONE Grant from OTO to Base0

Transfer of ZONE Grant to Provost8,705(8,705)

Transfer of UG OTO grants from OTO to Base0

Other Grant Increases0

FEES: (total increase = 21,718)

3% Fees Increase8,0368,036

Growth in Fees (2 years growth in 18-19 as it includes 17-18 growth as well)(8,036)(8,036)

Growth allocated to Provost - see 3A48,463(8,463)

OTHER REVENUES:

Investment Income increase & other changes400400

CHANG SCHOOL:

Increase of Income over and above increase in expenses318318

DEPARTMENTAL SOURCES & APPLICATIONS

18-19 Salary Increases(5,000)10,348(10,348)

18-19 Benefit Increases - 6% assumed by Mercer3,574(3,574)

Budget reduction at 3%6,2896,289

17-18 Strategic allocation added to dept base in 18-194,158(4,158)

Various Other net dept sources & applications (balancing figure to reconcile to increase in strategis allocations below)563563

Recurring OTO items added to Base00

CAMPUS EXPANSION - operating fund portion only

Financing Costs - excludes residences and parking2,758(2,758)

Operating Costs - excludes residences & parking4,353(4,353)

0

INCREASE IN STUDENT AID535(535)

INCREASE IN UTILITIES AND OTHER EXPENSES1,228(1,228)

0

DECREASE IN STRATEGIC ALLOCATIONS 18-19 VS 17-18 - THE BOTTOM LINE CHANGE(436)(436)

TOTAL FUNDING SOURCES AND APPLICATIONS9,54144,122(34,581)

3A3.1 Provost 17-18 revised

Undergraduate Accessibility GrantDraft, Mar 30, 2017

2016/17 Budget (proj)Additional grant (not in the approved budget)*2016/17 Projected (est)DifferenceProvost's share2016-17 OTO to Provost2017/18 Budget (proj)2017-18 budget vs 2016-17 budgetProvost's share2017-18 Base to Provost2017-18 OTO to Provost

Base9,877,00017,047,1097,170,10951.3%3,678,26617,047,1097,170,10951.3%3,678,266

OTO30,623,00030,623,000051.3%030,623,000051.3%0

Zone OTO5,800,0007,462,8451,662,845100.0%1,662,8457,462,8451,662,845100.0%7,462,845

Total 2016-17 grant at 100%46,300,000055,132,9548,832,9545,341,11155,132,9548,832,9543,678,2667,462,845

Graduate Accessibility/Expansion grant2016/17 Budget (proj)Used for 2016-17 Provost's Base calculation2016/17 estDifferenceProvost's share2016-17 OTO to Provost2017/18 Budget (proj)2017-18 budget vs 2016-17 budgetProvost's share2017-18 Base to Provost

2015-16 Base (2015-16 Provost's Base allocation)11,595,00011,595,00011,595,0000100.00%011,595,0000100.0%0

Total11,595,00011,595,00011,595,0000011,595,0000

Tuition fees2016/17 budget @ 2016-17 tuition rates2016/17 budget @ 2015-16 tuition rates2016/17 actual @ 2015-16 tuition ratesDifferenceProvost's share2015-16 OTO to Provost2017/18 proj tuition rev @ 2016-17 tuition rates2017-18 proj budget vs 2016-17 budget (2016-17 tuition rates)Provost's share2017-18 Base to Provost

Undergraduate programs (domestic incl. CE teaching)$219,340,099$213,377,843$226,229,44612,851,602$237,065,98417,725,885

Undergraduate FT+PT programs taught by CE-$24,400,562-$23,718,994-$24,197,687-478,693-$25,310,127-909,565

Undergraduate programs - Visa (excl CE)$22,570,918$22,179,971$23,047,619867,648$25,714,2863,143,367

Eng transition year/ESM crs (Spring/Summer FFTEs)-$2,700,000-$2,628,440-$2,815,534-187,094-$2,815,534-115,534

Graduate programs - domestic$18,752,794$18,457,827$17,788,610-669,217$18,175,335-577,460

Plus drop fees/adjustments$3,000,000$3,000,000$3,000,0000$3,000,0000

$236,563,250$230,668,208$243,052,45412,384,246$255,829,94419,266,693

Graduate Visa$4,200,000$4,100,000$4,519,231419,231$4,660,194460,194

Tuition revenue including graduate Visa$240,763,250$234,768,208$247,571,68412,803,477$260,490,13819,726,888

Ugraduate Tuition Fees$217,810,456$212,210,381$225,263,84413,053,46351.3%6,696,427$237,654,60919,844,15351.3%10,180,051

Graduate Tuition Fees$22,952,794$22,557,827$22,307,840-249,987100%-249,987$22,835,529-117,265100.0%-117,265

2016-17 OTO to Provost2017-18 Base to Provost2017-18 OTO to Provost

Total Undergraduate transfer to Provost (grants+tuition)10,374,69313,858,316

Zone grants (OTO)1,662,8457,462,845

Total Graduate transfer to Provost (grants + tuition)-249,987-117,265

TOTAL Grants + Tuition Fees11,787,55113,741,051

Revenues available to Provost (preliminary estimate)Draft, Mar 30, 2017

2016-17 OTO2017-18 Base2017-18 OTO

Undergraduate (51.3%)10,374,69313,858,316

Zone (100%)1,662,8457,462,845

Graduate (100%)-249,987-117,265

Total11,787,55113,741,0517,462,845

Revenues available to Provost, Final as of March 25, 2017 - to be updated

2015-16 OTO2016-17 Base2016-17 OTO

Undergraduate (51.3%)9,497,27811,475,847

Zone (100%)1,365,0985,800,000

Graduate (100%)-428,0211,023,682

Total10,434,35512,499,5295,800,000

Estimated Unversity Revenue Available for Strategic AllocationsDraft, Mar 30, 2017

Revenue source2015-16 OTO2016-17 base2016-17 OTOTotal

Undergraduate grants000

Tuition fees000

Total revenue0000

Less additional TSA needed for 2016-17 *2,000,0002,000,000

Revenue net of TSA0-2,000,0000-2,000,000

* 1.4M TSA + 600K Heather's other needs

Waclaw:should this be @ 2015

3A4 Provost 18-19

Estimated Provost's shares of the 2017-18 (OTO) and 2018-19 Tuition Fee Revenues and Undergraduate and Graduate GrantsDraft, Feb 21, 2018

Undergraduate Accessibility grant2017/18 Budget (proj)Additional grant (not in the approved budget)2017/18 Projected (est)DifferenceProvost's share2017-18 OTO to Provost2018/19 Budget (proj)*2018-19 budget vs 2017-18 budgetProvost's share2018-19 Base to Provost *2018-19 OTO to Provost*

Base21,147,10921,147,109051.3%026,147,109051.3%0

OTO26,523,00029,680,0533,157,05351.3%1,619,56821,523,000051.3%0

Zone OTO (base in 2018-19)7,462,8458,705,7931,242,947100.0%1,242,9478,705,7931,242,9478,705,793

Total Undergraduate grants55,132,954059,532,9544,400,0002,862,51556,375,9021,242,9478,705,7930

* Base and OTO amounts to be decided by Macro

Graduate Accessibility/Expansion grant2017/18 Budget (proj)2017/18 Projected (est)DifferenceProvost's share2017-18 OTO to Provost2018/19 Budget (proj)2018-19 budget vs 2017-18 budgetProvost's share2018-19 Base to Provost2018-19 OTO to Provost

2015-16 Base (2015-16 Provost's Base allocation)11,595,00013,179,0001,584,000100.00%1,584,00011,595,0000100.0%0

2018-19 OTO over 2016-17 Base ($300K over 2017-18)1,884,0001,884,000100.0%1,884,000

Total Graduate grants11,595,000013,179,0001,584,000100.00%1,584,00013,479,0001,884,000100.0%01,884,000

Tuition fees2017/18 budget @ 2017-18 tuition rates2017/18 budget @ 2016-17 tuition rates2017/18 actual @ 2016-17 tuition ratesDifference (actual less budget @ 2016-17 rates)Provost's share2017-18 OTO to Provost2018/19 proj tuition rev @ 2017-18 tuition rates2018-19 budget vs 2017-18 budget (both @ 2017-18 rates)Provost's share2018-19 Base to Provost2018-19 OTO to Provost

Undergraduate programs (domestic incl. CE teaching)$244,095,107$237,065,984$232,788,973-4,277,012$242,297,967-1,797,141

Undergraduate FT+PT programs taught by CE-$26,071,128-$25,310,127-$23,807,8001,502,327-$25,413,811657,318

Undergraduate programs - Visa (excl CE)$27,000,000$25,714,286$31,759,3186,045,032$39,047,61912,047,619

Eng transition year/ESM crs (Spring/Summer FFTEs)-$3,000,000-$2,815,534-$2,750,48565,049-$2,830,000170,000

Plus drop fees/adjustments$3,000,000$3,000,000$2,100,000-900,000$2,100,000-900,000

Graduate programs - domestic$18,029,578$18,175,335$19,154,522979,187$20,303,6992,274,121

Graduate Visa$4,800,000$4,660,194$5,436,893776,699$5,768,000968,000

Total Tuition tuition revenue$267,853,557$260,490,138$264,681,4204,191,282$281,273,47513,419,917

Subtotal Undergraduate Tuition Fees$245,023,979$237,654,609$240,090,0052,435,39651.3%1,249,358$255,201,77510,177,79651.3%5,221,209

Subtotal Graduate Tuition Fees$22,829,578$22,835,529$24,591,4151,755,886100%1,755,886$26,071,6993,242,121100.0%3,242,121



Zone grants (OTO in 2017-18, base in 2018-19)1,242,9478,705,793

Total Graduate transfer to Provost (grants + tuition)3,339,8863,242,1211,884,000

TOTAL Grants + Tuition Fees7,451,76017,169,1231,884,000

Revenues available to Provost (preliminary estimate)Draft, Feb 21, 2018To be finalized/approved:

2017-18 OTO2018-19 Base2018-19 OTO1. Graduate international tuition rates

Undergraduate (51.3%)2,868,9265,221,2092. Undergraduate international tuition rates

Zone (100%)1,242,9478,705,79303. Graduate grants

Graduate (100%)3,339,8863,242,1211,884,0004. Undergraduate grants

Total7,451,76017,169,1231,884,0005. Zone grant

6. Undergraduate International enrolments (used 740 intake vs 790 target)

Revenues available to Provost, Final as of March 25, 2017 - to be updated7. Undergraduate International enrolments (used 740 intake vs 790 target)

2015-16 OTO2016-17 Base2016-17 OTO

Undergraduate (51.3%)9,497,27811,475,847

Zone (100%)1,365,0985,800,000

Graduate (100%)-428,0211,023,682

Total10,434,35512,499,5295,800,000

Estimated Unversity Revenue Available for Strategic AllocationsDraft, Feb 21, 2018

Revenue source2015-16 OTO2016-17 base2016-17 OTOTotal

Undergraduate grants000

Tuition fees000

Total revenue0000

Less additional TSA needed for 2016-17 *2,000,0002,000,000

Revenue net of TSA0-2,000,0000-2,000,000

* 1.4M TSA + 600K Heather's other needs

5M shif from OTO to base reflected but this goes to bottom line not Provost

3A5 revised 18-19Provost

Estimated Provost's shares of the 2017-18 (OTO) and 2018-19 Tuition Fee Revenues and Undergraduate and Graduate GrantsDraft, Feb 26, 2018

Undergraduate Accessibility grant2017/18 Budget (proj)Additional grant (not in the approved budget)2017/18 Projected (est)DifferenceProvost's share2017-18 OTO to Provost2018/19 Budget (proj)*2018-19 budget vs 2017-18 budgetProvost's share2018-19 Base to Provost *2018-19 OTO to Provost*

Base21,147,10921,147,109051.3%026,147,1095,000,00051.3%2,565,000

OTO26,523,00029,680,0533,157,05351.3%1,619,56821,523,000-5,000,00051.3%-2,565,000

Zone OTO (base in 2018-19)7,462,8458,705,7931,242,947100.0%1,242,9478,705,7931,242,9478,705,793

Total Undergraduate grants55,132,954059,532,9544,400,0002,862,51556,375,9021,242,9478,705,7930

* Base and OTO amounts to be decided by Macro

Graduate Accessibility/Expansion grant2017/18 Budget (proj)2017/18 Projected (est)DifferenceProvost's share2017-18 OTO to Provost2018/19 Budget (proj)2018-19 budget vs 2017-18 budgetProvost's share2018-19 Base to Provost2018-19 OTO to Provost

2015-16 Base (2015-16 Provost's Base allocation)11,595,00013,179,0001,584,000100.00%1,584,00011,595,0000100.0%0

2018-19 OTO over 2016-17 Base ($300K over 2017-18)1,884,0001,884,000100.0%1,884,000

Total Graduate grants11,595,000013,179,0001,584,000100.00%1,584,00013,479,0001,884,000100.0%01,884,000

Tuition fees2017/18 budget @ 2017-18 tuition rates2017/18 budget @ 2016-17 tuition rates2017/18 actual @ 2016-17 tuition ratesDifference (actual less budget @ 2016-17 rates)Provost's share2017-18 OTO to Provost2018/19 proj tuition rev @ 2017-18 tuition rates2018-19 budget vs 2017-18 budget (both @ 2017-18 rates)Provost's share2018-19 Base to Provost2018-19 OTO to Provost

Undergraduate programs (domestic incl. CE teaching)$244,095,107$237,065,984$232,788,973-4,277,012$242,297,967-1,797,141

Undergraduate FT+PT programs taught by CE-$26,071,128-$25,310,127-$23,807,8001,502,327-$25,413,811657,318

Undergraduate programs - Visa (excl CE)$27,000,000$25,714,286$31,759,3186,045,032$39,047,61912,047,619

Eng transition year/ESM crs (Spring/Summer FFTEs)-$3,000,000-$2,815,534-$2,750,48565,049-$2,830,000170,000

Plus drop fees/adjustments$3,000,000$3,000,000$2,100,000-900,000$2,100,000-900,000

Graduate programs - domestic$18,029,578$18,175,335$19,154,522979,187$20,303,6992,274,121

Graduate Visa$4,800,000$4,660,194$5,436,893776,699$5,768,000968,000

Total Tuition tuition revenue$267,853,557$260,490,138$264,681,4204,191,282$281,273,47513,419,917

Subtotal Undergraduate Tuition Fees$245,023,979$237,654,609$240,090,0052,435,39651.3%1,249,358$255,201,77510,177,79651.3%5,221,209

Subtotal Graduate Tuition Fees$22,829,578$22,835,529$24,591,4151,755,886100%1,755,886$26,071,6993,242,121100.0%3,242,121



Zone grants (OTO in 2017-18, base in 2018-19)1,242,9478,705,793

Total Graduate transfer to Provost (grants + tuition)3,339,8863,242,1211,884,000

TOTAL Grants + Tuition Fees7,451,76017,169,1231,884,000

Grants and Tuition Revenues: Summary2017-182017-182017-18 Actual2018-19Change wrtRevenues available to Provost (preliminary estimate)

BudgetActual (est)less BudgetBudget2017-18 Budget

Grants2017-182018-192018-19

Undergraduate Base21,147,10921,147,109026,147,1095,000,000SummaryOTOBaseOTO

Undergraduate OTO excluding Zone26,523,00029,680,0533,157,05321,523,000-5,000,000Undergraduate (51.3%)2,868,9265,221,209

Zone Grant (OTO, Base in 2018-19)7,462,8458,705,7931,242,9478,705,7931,242,947Zone (100%)1,242,9478,705,7930

Graduate Base Grants11,595,00011,595,000011,595,0000Graduate (100%)3,339,8863,242,1211,884,000

Graduate OTO Grants01,584,0001,584,0001,884,0001,884,000Total7,451,76017,169,1231,884,000

Total Grants66,727,95472,711,9545,984,00069,854,9023,126,947

Tuition fee revenue

Undergraduate245,023,979247,625,3682,601,389263,253,24518,229,266To be finalized/approved:

Graduate22,829,57825,100,0002,270,42226,317,7903,488,2121. Graduate/Undergraduate international tuition fee increases

Total Tuition Revnue267,853,557272,725,3684,871,811289,571,03521,717,4782. Graduate/Undergraduate grants (based on MAESD data - mid March ?)

Total Grants + Tuition Revenue334,581,512345,437,32210,855,811359,425,93724,844,4263. Undergraduate International enrolments (used 740 intake vs 790 target)

2018-19 TSA estimate: $18.3M Gross; $17.4M Net (after 5% deduction for administration)THIS VERSION HAS SAME Provos share as tab 3A4

3B Fees 18-19

2015-16 year-end OTO and 2015-16 budgetupdatedupdatedupdatedupdated

Tuition Revenue ProjectionsDraft, March 6, 2014for 2014-15 OTOused for the calculation of Provost's shareTuition revenue for UniversityDraft, Mar 30, 2017

For budget purposesto be used for 51.3% calculationFeb 24 estFor 2015-16 budget purposesFor 2016-17 budget purposes2015-16 OTO2016-17 BaseFor 2017-18 budget purposesFor 2018-19 budget purposes

2013/14 budget @ 2013-14 rates2013/14 est @ 2013-14 rates2014/15 proj. @ 2014-15 rates2013/14 budget - used for 51.3% calc.2013/14 est @ 2012-13 rates2014/15 proj. @ 2013-14 rates2014/15 est. @ 2013-14 rates2014/15 est. @ 2014-15 rates2015/16 proj. @ 2015-16 rates2015/16 proj. @ 2014-15 rates2015/16 est. @ 2014-15 rates2016/17 proj. @ 2015-16 rates2016/17 proj. @ 2016-17 rates2015/16 est. @ 2015-16 rates2016/17 est. @ 2015-16 rates2017/18 proj. @ 2016-17 rates2017/18 proj. @ 2017-18 rates2017/18 act. @ 2017-18 rates2017/18 act. @ 2016-17 rates2018/19 proj. @ 2017-18 rates2018/19 proj. @ 2018-19 rates2016/17 est. @ 2016-17 rates

Undergraduate FFTEs (incl collab nursing; excl HSM/HIM)26,593.427,216.426,593.427,298.028,057.128,057.128,537.328,537.329,492.229,440.529,440.529,492.2105.1%31,156.431,349.231,349.230,697.930,697.930,494.230,494.2-0.7%31,156.4105.6%

"Fresch start" year (projected upp yrs)

CE FFTEs2,026.21,947.02,026.21,947.01,739.41,739.41,742.01,742.01,694.71,660.01,660.01,694.71,715.71,740.01,740.01,742.31,742.31,730.01,730.0-0.7%1,715.7

Total Undergraduate FFTEs28,619.629,163.428,619.629,245.029,796.529,796.530,279.330,279.331,186.931,100.531,100.531,186.932,872.233,089.233,089.232,440.132,440.132,224.232,224.2-0.7%32,872.2

Graduate annualized FTEs (PhD 11 terms)1,651.21,736.01,651.21,736.01,662.61,662.61,692.91,692.91,741.41,824.81,824.81,741.41,768.71,762.81,762.81,981.21,981.22,073.02,073.04.6%1,768.7

Ugrad tuition revenue (excl CE,HSM)$175,775,287$186,073,742$171,073,369$181,602,640$187,093,104$192,232,940$204,310,784$198,734,052$205,956,591$213,377,843$219,340,099$211,734,929$226,229,446$237,065,984$244,095,107$239,642,954$232,788,973$242,297,967$249,268,1064.0%$232,621,831

"Fresch start" year$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

Year over year growth$19,928,434$10,298,455$15,226,515$5,827,353$11,317,817$16,457,653$12,077,843$6,501,112$12,820,020$1,642,914$7,605,170$18,598,358$9,066,400$4,444,154$11,473,277$12,644,856$5,790,874$2,655,012$9,625,151-23.9%$15,458,785

CE (incl Specials and Ret Mgt PT DE) tuition revenue$12,019,387$11,896,267$11,669,307$11,549,779$10,318,242$10,627,784$10,963,016$10,643,707$10,354,659$10,446,961$10,760,369$10,665,296$10,797,551$11,278,941$11,617,301$11,632,591$11,293,785$11,550,535$11,897,0542.3%$11,121,477

Year over year growth-$351,501-$123,120-$701,582-$469,608-$1,701,145-$1,391,603$335,231$15,923-$271,799-$218,335$95,073$38,838$122,305$157,464$495,825$511,114$172,309-$82,056$264,463$446,231

Graduate tuition revenue$15,715,291$17,019,923$15,378,256$16,633,356$16,057,153$16,410,196$17,316,370$17,138,061$17,265,029$18,457,827$18,752,794$17,393,436$17,788,610$18,175,335$18,029,578$18,974,225$19,154,522$20,303,699$20,549,7908.3%$18,046,061

Year over year growth$194,079$1,304,632-$142,956$918,065$266,030$619,074$906,174$727,865$1,172,083$1,064,391$1,359,358$1,300,491$429,783$129,273-$16,483$1,380,727$1,561,024$875,943$1,575,565$687,235

$9,518$9,804$9,314$9,582$9,658$9,870$10,229$10,123$9,914$10,115$10,277$9,988$10,057$10,310$10,228$9,577$9,668$9,794$9,9133.5%$10,203

Avg % increase in tuition fees (MTCU definition)2.88%2.90%0.00%0.01%0.03%2.93%2.90%0.03%

UG tuition/FFTE$6,610$6,837$6,433$6,653$6,668$6,852$7,159$6,964$6,983$7,248$7,450$7,179$7,261$7,562$7,786$7,807$7,583$7,946$8,1744.7%$7,466

UG + CE tution$187,794,674$197,970,009$182,742,675$193,152,419$197,411,346$202,860,725$215,273,799$209,377,759$216,311,250$223,824,804$230,100,468$222,400,225$237,026,996$248,344,925$255,712,409$251,275,545$244,082,758$253,848,502$261,165,1603.9%$243,743,307

UG + CE tution/FFTE$6,562$6,788$6,385$6,605$6,625$6,808$7,110$6,915$6,936$7,197$7,399$7,131$7,211$7,505$7,728$7,746$7,524$7,878$8,105$7,415

annual % change4.53%3.45%1.72%0.65%0.97%3.76%4.43%1.57%1.61%0.92%3.75%4.47%1.23%1.22%4.22%4.58%1.58%1.70%4.63%4.10%

CE teaching (all students)

CE students domestic2,026.21,947.02,026.21,947.01,739.41,739.41,742.01,742.01,694.71,660.01,660.01,694.71,715.71,740.01,740.01,742.31,742.31,730.01,730.01,715.7

CE students visa44.745.044.745.044.844.845.045.056.665.065.056.663.265.065.035.535.540.040.063.2

Students in FT programs domestic2,788.73,000.02,788.73,000.02,834.72,834.73,000.03,000.02,884.33,000.03,000.02,884.32,762.72,800.02,800.02,790.32,790.32,850.02,850.02.1%2,762.7

Students in FT programs visa62.163.062.163.067.967.970.070.075.483.083.075.485.390.090.0114.4114.4115.0115.00.5%85.3

Students in PT programs domestic815.4820.0815.4820.0739.6739.6800.0800.0614.0610.0610.0614.0582.7590.0590.0611.8611.8650.0650.06.2%582.7

Students in PT programs visa3.43.03.43.03.33.33.03.01.72.02.01.74.14.04.00.70.70.00.04.1

Total CE teaching (FFTEs)5,737.15,875.05,737.15,875.05,426.45,426.45,660.05,657.05,326.75,420.05,420.05,326.75,213.75,289.05,289.05,295.05,295.05,385.05,385.05,213.7

as % of total undergraduate20.0%20.1%20.0%20.1%18.2%18.2%18.7%18.7%17.1%17.4%17.4%17.1%15.9%16.0%16.0%16.3%16.3%16.7%16.7%15.9%

Students (FFTEs) in FT+PT programs taking CE crs3,604.13,820.03,604.13,820.03,574.33,574.33,800.03,800.03,498.43,610.03,610.03,498.43,345.43,390.03,390.03,402.13,402.13,500.03,500.03,345.4Tuition fee increase scenarios:

as % of all FT+PT prog13.6%14.0%13.6%14.0%12.7%12.7%13.3%13.3%11.9%12.3%12.3%11.9%10.7%10.8%10.8%11.1%11.1%11.5%11.5%10.7%1. Graduate programs:Draft, March 30, 2015

Avg CE tuition fee/FFTE domestic$5,932$6,110$5,759$5,932$5,932$6,110$6,293$6,110$6,110$6,293$6,482$6,293$6,293$6,482$6,677$6,677$6,482$6,677$6,877$6,482a) Current scenario - 3% in Year 1; 2.5% in upper years; reduction for Fashion and

annual % change3.00%3.00%0.00%0.00%0.00%3.00%3.00%0.00%0.00%0.00%3.00%3.00%0.00%0.00%3.00%3.00%0.00%0.00%3.00%3.00%MTI MMSc to the level of other Masters

Avg CE tuition fee/FFTE visa$18,707$19,642$18,707$19,642$19,642$19,642$20,625$20,625$20,625$21,656$21,656$20,625$20,625$21,656$22,739$22,739$21,656$23,875$23,875$21,656b) Alternative scenarios (Scenario 2 approved for budget):

CE tuition revenue generated by CE$0$0$0$0MBAs, Comp Network - 5% increase in Yr1; 2.6% upper years

CE students$12,019,387$11,896,267$11,669,307$11,549,779$10,318,242$10,627,784$10,963,016$10,643,707$10,354,659$10,446,961$10,760,369$10,665,296$12,100,504$12,686,563$13,095,305$11,632,591$11,293,785$11,550,535$11,897,0542.3%$12,489,577reduction for Psychology, Fashion and MTI MMSc (to the level of other Masters in Yr 1; upper years same as year 1) - all years same tuition

Students in FT programs$16,542,938$18,330,150$16,061,103$17,796,270$16,815,927$17,320,397$18,880,050$18,330,150$17,623,407$18,880,050$19,446,450$18,152,104$19,146,537$20,099,036$20,740,974$19,630,935$18,964,465$20,174,014$20,744,8695.7%$19,756,135PhD programs frozen; Masters increase 1% (Scenario 1) or 2% (Scenario 2) in yr 1 and upper years

Students in PT programs$4,836,896$5,010,241$4,696,015$4,864,314$4,387,309$4,518,926$5,034,680$4,888,040$3,751,833$3,838,944$3,954,112$3,864,388$3,751,149$3,911,091$4,030,154$3,700,936$3,581,199$3,939,797$4,069,99210.0%$3,865,3632. Undergraduate programs:

Adjustment for program students (day rates)$881,884$881,884$881,884$881,884$881,884$881,884$881,884$881,884$881,884$1,000,000$1,000,000$1,000,000$1,300,000$1,300,000$1,300,000$1,300,000$1,262,136$1,300,000$1,300,0000.0%$1,300,0002016-17 Tuition fee increasea) Current scenario: Year 1 - 3% and 5% (where applicable); 2.5% upper years

TOTAL$34,281,105$36,118,542$33,308,308$35,092,247$32,403,361$33,348,991$35,759,630$34,743,781$32,611,783$34,165,955$35,160,931$33,681,788$36,298,190$37,996,690$39,166,433$36,264,461$35,101,585$36,964,346$38,011,9154.8%$37,411,075b) Alternative scenarios: Year 1 = current scenario (3% and 5% where applicable)

Students in FT+PT programs$22,261,718$24,222,275$21,639,002$23,542,468$22,085,119$22,721,207$24,796,614$24,100,074$22,257,124$23,718,994$24,400,562$23,016,492$24,197,687$25,310,127$26,071,128$24,631,870$23,807,800$25,413,811$26,114,8616.0%$24,921,4981. Undergraduate:Upper years - 2.6%

Non-CE undergraduate tuition revenue$153,513,569$161,851,467$149,434,367$158,060,172$165,007,985$169,511,734$179,514,170$174,633,978$183,699,467$189,658,850$194,939,538$188,718,437$200,728,806$210,348,235$216,545,976$215,011,084$208,981,172$216,884,156$223,153,2453.8%$206,332,232Year 1 - 3% and 5%Approved Budget Scenario

Year over year growth$19,821,075$8,337,897$15,741,872$4,546,603$11,494,415$15,998,164$10,002,436$5,122,245$13,284,102$940,413$6,221,100$18,303,073$9,338,738$4,016,003$10,213,744$14,302,585$8,272,673$1,873,072$8,142,161$14,942,163Upper years - 2.6%Current

TUITION - Budget details2013/14proj2014/15proj2013/14proj2013/14proj2014/15proj2014/15proj2015/16proj2015/16proj2015/16proj2016/17proj2016/17proj2015/16proj2016/17 est2017/18 proj2017/18 proj2017/18 proj2017/18 proj2018/19 proj2018/19 proj2016/17 estScenarioScenario 0Scenario 1 (UG upp yrs 2.6%)Scenario 2 (UG upp yrs 2.6%)Scenario 3

2014/15projAPPROVEDAPPROVED2. Graduate:upp yrs 2.5%2.50%differenceMasters +1%differenceMasters +2%difference2.75%difference

Undergraduate programs - domestic (incl. CE teaching)$165,824,263$175,775,287$186,575,097$161,129,914$171,073,369$181,602,640$187,093,104$192,232,940$204,310,784$198,734,052$205,956,591$213,377,843$219,340,099$211,734,929$226,229,446$237,065,984$244,095,107$239,642,954$232,788,973$242,297,967$249,268,1064.0%$232,621,831PhD - 0%Undergraduate programs - domestic (incl. CE teaching)$204,174,796$204,174,796$0$204,310,784$0$204,310,784$135,987$204,514,735$203,951

Undergraduate FT+PT programs taught by CE-$22,448,447-$22,261,718-$24,222,275-$21,857,540-$21,639,002-$23,542,468-$22,085,119-$22,721,207-$24,796,614-$24,100,074-$22,257,124-$23,718,994-$24,400,562-$23,016,492-$24,197,687-$25,310,127-$26,071,128-$24,631,870-$23,807,800-$25,413,811-$26,114,8616.0%-$24,921,498Masters - Year 1: 0% (CommCult), 2%, 5%Undergraduate FT+PT programs taught by CE-$24,796,614-$24,796,614$0-$24,796,614$0-$24,796,614$0-$24,796,614$0

Undergraduate programs - Visa (excl CE)$9,581,473$11,659,217$12,191,646$9,581,473$11,659,217$12,191,646$13,805,089$14,631,102$15,776,109$15,069,784$17,653,610$22,179,971$22,570,918$18,488,670$23,047,619$25,714,286$27,000,000$33,347,284$31,759,318$41,000,000$41,000,00022.9%$24,200,000Masters - Upper Years 1: 0% (ComCult), 2%Undergraduate programs - Visa (excl CE)$15,776,109$15,776,109$0$15,776,109$0$15,776,109$0$15,776,109$0

Eng transition year/ESM crs (Spring/Summer FFTEs)-$1,418,095-$1,407,485-$1,497,732-$1,376,792-$1,362,936-$1,450,776-$1,439,446-$1,486,451-$2,449,971-$2,260,244-$2,670,000-$2,628,440-$2,700,000-$2,670,000-$2,815,534-$2,815,534-$3,000,000-$2,833,000-$2,750,485-$2,830,000-$3,000,0005.9%-$2,900,000Eng transition year/ESM crs (Spring/Summer FFTEs)-$2,331,736-$2,331,736$0-$2,449,971$0-$2,449,971-$118,235-$2,451,752-$1,781

Graduate programs - domestic$15,513,480$15,715,291$17,019,923$15,175,731$15,378,256$16,633,356$16,057,153$16,410,196$17,316,370$17,138,061$17,265,029$18,457,827$18,752,794$17,393,436$17,788,610$18,175,335$18,029,578$19,500,000$19,154,522$20,303,699$20,549,7905.4%$18,046,061Graduate programs - domestic$17,461,125$17,215,883-$245,242$17,234,063-$82,307$17,316,370-$144,755$17,133,817-$182,553

Plus drop fees/adjustments$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$2,100,000$2,100,000$2,100,000$2,100,0000.0%$3,000,000Plus drop fees/adjustments$3,000,000$3,000,000$0$3,000,000$0$3,000,000$0$3,000,000$0

$170,052,674$182,480,593$193,066,659$165,652,786$178,108,904$188,434,398$196,430,781$202,066,581$213,156,678$207,581,579$218,948,105$230,668,208$236,563,250$224,930,544$243,052,454$255,829,944$263,053,557$267,125,368$259,244,527$277,457,855$283,803,0356.2%$250,046,394Subtotal$213,283,681$213,038,439-$245,242$213,074,371-$82,307$213,156,678-$127,003$213,171,440$14,762

Graduate Visa$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,070,000$4,100,000$4,200,000$4,100,000$4,519,231$4,660,194$4,800,000$5,600,000$5,436,893$5,768,000$5,768,0003.0%$4,700,000Graduate Visa$4,727,215$4,727,215$0$4,727,215$0$4,727,215$0$4,727,215$0

Tuition revenue including graduate Visa$174,779,889$187,207,807$197,793,873$170,380,001$182,836,118$193,161,612$201,157,995$206,793,796$217,883,893$212,308,793$223,018,105$234,768,208$240,763,250$229,030,544110.8%$247,571,684$260,490,138$267,853,557$272,725,368$264,681,420$283,225,855$289,571,0356.2%$254,746,394111.2%Tuition revenue including graduate Visa$218,010,896$217,765,654-$245,242$217,801,586-$82,307$217,883,893-$127,003$217,898,655$14,762

Tuition revenue in Budget$174,779,889$170,380,001$8,999,923$20,090,020110.5%$27,090,307$4,871,811$10,500,487$16,845,667

Estimated Revenue over Budget$12,427,918$12,456,117$6,852$7,179104.8%3.9%6.2%$7,466104.0%

$176,046,736Undergraduate$171,801,042$180,373,628$8,572,58651.30%$4,397,737$263,937,406$31,962,118$251,314,528Psychology tuiton fee = other MA programs (frozen)2965220.9451231756

$21,747,137Graduate$21,360,570$20,784,367-$576,203100%-$576,203$3,916,15213.3%$3,431,865Psychology tuiton fee frozen; other MA programs frozen313739

5243396.67$12,427,918$4,632,261$3,821,5341500000difference172175.5%

0.026503398317-18 budget17-18 forecast18-19 budget$4,931,865

22303575.9482569OK3,743,820Bus/MTI MBA, Comp Networks: 5% yr 1; 2.5% upper yrs3763935

$5,342,669$23,013,984215,065,5488.1%Bus/MTI MBA, Comp Networks: 5% yr 1; 0% upper yrs3741825

0.0285387094218,809,3681760546.77470087221100.6%

$204,174,796

-$24,796,614

$15,776,109

-$2,331,736

$17,111,539

$3,000,000

$212,934,094

$4,727,215

$217,661,309

Bus/MTI MBA: 5% yr 1; 0% upper yrs28278082780541

Bus/MTI MBA: 5% yr 1; 2.5% upper yrs28500252803713

222170.8%231720.8%

Comp Networks: 5% yr 1; 0% upper yrs913803

Comp Networks: 5% yr 1; 2.5% upper yrs913910

1070.0%

141966

3B5.1 Fees 17-18 revised

2015-16 year-end OTO and 2015-16 budgetupdatedupdatedupdatedupdatedupdated

Tuition Revenue ProjectionsDraft, March 6, 2014for 2014-15 OTOused for the calculation of Provost's shareTuition revenue for UniversityDraft, Mar 30, 2017March 21 version

For budget purposesto be used for 51.3% calculationFeb 24 estFor 2015-16 budget purposesFor 2016-17 budget purposes2015-16 OTO2016-17 BaseFor 2017-18 budget purposes

2013/14 budget @ 2013-14 rates2013/14 est @ 2013-14 rates2014/15 proj. @ 2014-15 rates2013/14 budget - used for 51.3% calc.2013/14 est @ 2012-13 rates2014/15 proj. @ 2013-14 rates2014/15 est. @ 2013-14 rates2014/15 est. @ 2014-15 rates2015/16 proj. @ 2015-16 rates2015/16 proj. @ 2014-15 rates2015/16 est. @ 2014-15 rates2016/17 proj. @ 2015-16 rates2016/17 proj. @ 2016-17 rates2015/16 est. @ 2015-16 rates2016/17 est. @ 2015-16 rates2017/18 proj. @ 2016-17 rates2017/18 proj. @ 2017-18 rates2018/19 proj. @ 2018-19 rates2016/17 est. @ 2016-17 rates2016/17 est. @ 2016-17 rates2017/18 proj. @ 2017-18 rates

Undergraduate FFTEs (incl collab nursing; excl HSM/HIM)26,593.427,216.426,593.427,298.028,057.128,057.128,537.328,537.329,492.229,440.529,440.529,492.2105.1%31,156.431,349.231,349.231,587.131,156.4105.6%31,150.431,026.5


CE FFTEs2,026.21,947.02,026.21,947.01,739.41,739.41,742.01,742.01,694.71,660.01,660.01,694.71,715.71,740.01,740.01,750.01,715.71,714.51,700.0

Total Undergraduate FFTEs28,619.629,163.428,619.629,245.029,796.529,796.530,279.330,279.331,186.931,100.531,100.531,186.932,872.233,089.233,089.233,337.132,872.232,864.932,726.5

Graduate annualized FTEs (PhD 11 terms)1,651.21,736.01,651.21,736.01,662.61,662.61,692.91,692.91,741.41,824.81,824.81,741.41,768.71,762.81,762.81,779.61,768.71,796.21,844.2

Ugrad tuition revenue (excl CE,HSM)$175,775,287$186,073,742$171,073,369$181,602,640$187,093,104$192,232,940$204,310,784$198,734,052$205,956,591$213,377,843$219,340,099$211,734,929$226,229,446$237,065,984$244,095,107$256,505,893$232,621,831$232,583,640$241,629,787

"Fresch start" year$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

Year over year growth$19,928,434$10,298,455$15,226,515$5,827,353$11,317,817$16,457,653$12,077,843$6,501,112$12,820,020$1,642,914$7,605,170$18,598,358$9,066,400$4,444,154$11,473,277$12,410,785$15,458,785$15,420,594$9,046,148

CE (incl Specials and Ret Mgt PT DE) tuition revenue$12,019,387$11,896,267$11,669,307$11,549,779$10,318,242$10,627,784$10,963,016$10,643,707$10,354,659$10,446,961$10,760,369$10,665,296$10,797,551$11,278,941$11,617,301$12,034,593$11,121,477$11,113,951$11,350,237

Year over year growth-$351,501-$123,120-$701,582-$469,608-$1,701,145-$1,391,603$335,231$15,923-$271,799-$218,335$95,073$38,838$122,305$157,464$495,825$417,291$446,231$438,705$236,286

Graduate tuition revenue$15,715,291$17,019,923$15,378,256$16,633,356$16,057,153$16,410,196$17,316,370$17,138,061$17,265,029$18,457,827$18,752,794$17,393,436$17,788,610$18,175,335$18,029,578$18,424,626$18,046,061$18,163,984$19,191,118

Year over year growth$194,079$1,304,632-$142,956$918,065$266,030$619,074$906,174$727,865$1,172,083$1,064,391$1,359,358$1,300,491$429,783$129,273-$16,483$395,048$687,235$878,436$1,027,133

$9,518$9,804$9,314$9,582$9,658$9,870$10,229$10,123$9,914$10,115$10,277$9,988$10,057$10,310$10,228$10,353$10,203$10,112$10,406


UG tuition/FFTE$6,610$6,837$6,433$6,653$6,668$6,852$7,159$6,964$6,983$7,248$7,450$7,179$7,261$7,562$7,786$8,121$7,466$7,466$7,788

UG + CE tution$187,794,674$197,970,009$182,742,675$193,152,419$197,411,346$202,860,725$215,273,799$209,377,759$216,311,250$223,824,804$230,100,468$222,400,225$237,026,996$248,344,925$255,712,409$268,540,485$243,743,307$243,697,591$252,980,024

UG + CE tution/FFTE$6,562$6,788$6,385$6,605$6,625$6,808$7,110$6,915$6,936$7,197$7,399$7,131$7,211$7,505$7,728$8,055$7,415$7,415$7,730

annual % change4.53%3.45%1.72%0.65%0.97%3.76%4.43%1.57%1.61%0.92%3.75%4.47%1.23%1.22%4.22%4.24%4.10%4.10%4.25%


CE students domestic2,026.21,947.02,026.21,947.01,739.41,739.41,742.01,742.01,694.71,660.01,660.01,694.71,715.71,740.01,740.01,750.01,715.71,714.51,700.0

CE students visa44.745.044.745.044.844.845.045.056.665.065.056.663.265.065.065.063.265.065.0

Students in FT programs domestic2,788.73,000.02,788.73,000.02,834.72,834.73,000.03,000.02,884.33,000.03,000.02,884.32,762.72,800.02,800.02,900.02,762.73,000.03,100.0

Students in FT programs visa62.163.062.163.067.967.970.070.075.483.083.075.485.390.090.083.085.383.083.0

Students in PT programs domestic815.4820.0815.4820.0739.6739.6800.0800.0614.0610.0610.0614.0582.7590.0590.0610.0582.7610.0610.0

Students in PT programs visa3.43.03.43.03.33.33.03.01.72.02.01.74.14.04.02.04.12.02.0

Total CE teaching (FFTEs)5,737.15,875.05,737.15,875.05,426.45,426.45,660.05,657.05,326.75,420.05,420.05,326.75,213.75,289.05,289.05,410.05,213.75,474.55,560.0

as % of total undergraduate20.0%20.1%20.0%20.1%18.2%18.2%18.7%18.7%17.1%17.4%17.4%17.1%15.9%16.0%16.0%16.2%15.9%16.7%17.0%

Students (FFTEs) in FT+PT programs taking CE crs3,604.13,820.03,604.13,820.03,574.33,574.33,800.03,800.03,498.43,610.03,610.03,498.43,345.43,390.03,390.03,510.03,345.43,610.03,710.0Tuition fee increase scenarios:

as % of all FT+PT prog13.6%14.0%13.6%14.0%12.7%12.7%13.3%13.3%11.9%12.3%12.3%11.9%10.7%10.8%10.8%11.1%10.7%11.6%12.0%1. Graduate programs:Draft, March 30, 2015

Avg CE tuition fee/FFTE domestic$5,932$6,110$5,759$5,932$5,932$6,110$6,293$6,110$6,110$6,293$6,482$6,293$6,293$6,482$6,677$6,877$6,482$6,482$6,677a) Current scenario - 3% in Year 1; 2.5% in upper years; reduction for Fashion and

annual % change3.00%3.00%0.00%0.00%0.00%3.00%3.00%0.00%0.00%0.00%3.00%3.00%0.00%0.00%3.00%3.00%3.00%3.00%3.00%MTI MMSc to the level of other Masters

Avg CE tuition fee/FFTE visa$18,707$19,642$18,707$19,642$19,642$19,642$20,625$20,625$20,625$21,656$21,656$20,625$20,625$21,656$22,739$23,875$21,656$21,656$22,739b) Alternative scenarios (Scenario 2 approved for budget):

CE tuition revenue generated by CEMBAs, Comp Network - 5% increase in Yr1; 2.6% upper years

CE students$12,019,387$11,896,267$11,669,307$11,549,779$10,318,242$10,627,784$10,963,016$10,643,707$10,354,659$10,446,961$10,760,369$10,665,296$12,100,504$12,686,563$13,095,305$13,586,496$12,489,577$12,521,573$12,828,240reduction for Psychology, Fashion and MTI MMSc (to the level of other Masters in Yr 1; upper years same as year 1) - all years same tuition

Students in FT programs$16,542,938$18,330,150$16,061,103$17,796,270$16,815,927$17,320,397$18,880,050$18,330,150$17,623,407$18,880,050$19,446,450$18,152,104$19,146,537$20,099,036$20,740,974$21,924,701$19,756,135$21,243,875$22,584,788PhD programs frozen; Masters increase 1% (Scenario 1) or 2% (Scenario 2) in yr 1 and upper years

Students in PT programs$4,836,896$5,010,241$4,696,015$4,864,314$4,387,309$4,518,926$5,034,680$4,888,040$3,751,833$3,838,944$3,954,112$3,864,388$3,751,149$3,911,091$4,030,154$4,242,666$3,865,363$3,997,423$4,118,2092. Undergraduate programs:

Adjustment for program students (day rates)$881,884$881,884$881,884$881,884$881,884$881,884$881,884$881,884$881,884$1,000,000$1,000,000$1,000,000$1,300,000$1,300,000$1,300,000$1,300,000$1,300,0002016-17 Tuition fee increase$1,000,000$1,000,000a) Current scenario: Year 1 - 3% and 5% (where applicable); 2.5% upper years

TOTAL$34,281,105$36,118,542$33,308,308$35,092,247$32,403,361$33,348,991$35,759,630$34,743,781$32,611,783$34,165,955$35,160,931$33,681,788$36,298,190$37,996,690$39,166,433$41,053,863$37,411,075$38,762,872$40,531,237b) Alternative scenarios: Year 1 = current scenario (3% and 5% where applicable)

Students in FT+PT programs$22,261,718$24,222,275$21,639,002$23,542,468$22,085,119$22,721,207$24,796,614$24,100,074$22,257,124$23,718,994$24,400,562$23,016,492$24,197,687$25,310,127$26,071,128$27,467,367$24,921,4981. Undergraduate:$26,241,298$27,702,997Upper years - 2.6%

Non-CE undergraduate tuition revenue$153,513,569$161,851,467$149,434,367$158,060,172$165,007,985$169,511,734$179,514,170$174,633,978$183,699,467$189,658,850$194,939,538$188,718,437$200,728,806$210,348,235$216,545,976$227,486,622$206,332,232Year 1 - 3% and 5%$204,934,719$212,448,787Approved Budget Scenario

Year over year growth$19,821,075$8,337,897$15,741,872$4,546,603$11,494,415$15,998,164$10,002,436$5,122,245$13,284,102$940,413$6,221,100$18,303,073$9,338,738$4,016,003$10,213,744$10,940,647$14,942,163Upper years - 2.6%$13,544,651$7,514,068Current

TUITION - Budget details2013/14proj2014/15proj2013/14proj2013/14proj2014/15proj2014/15proj2015/16proj2015/16proj2015/16proj2016/17proj2016/17proj2015/16proj2016/17 est2017/18 proj2017/18 proj2018/19 proj2016/17 est2016/17est2017/18 projScenarioScenario 0Scenario 1 (UG upp yrs 2.6%)Scenario 2 (UG upp yrs 2.6%)Scenario 3


Undergraduate programs - domestic (incl. CE teaching)$165,824,263$175,775,287$186,575,097$161,129,914$171,073,369$181,602,640$187,093,104$192,232,940$204,310,784$198,734,052$205,956,591$213,377,843$219,340,099$211,734,929$226,229,446$237,065,984$244,095,107$256,505,893$232,621,831PhD - 0%$232,583,640$241,629,787Undergraduate programs - domestic (incl. CE teaching)$204,174,796$204,174,796$0$204,310,784$0$204,310,784$135,987$204,514,735$203,951

Undergraduate FT+PT programs taught by CE-$22,448,447-$22,261,718-$24,222,275-$21,857,540-$21,639,002-$23,542,468-$22,085,119-$22,721,207-$24,796,614-$24,100,074-$22,257,124-$23,718,994-$24,400,562-$23,016,492-$24,197,687-$25,310,127-$26,071,128-$27,467,367-$24,921,498Masters - Year 1: 0% (CommCult), 2%, 5%-$26,241,298-$27,702,997Undergraduate FT+PT programs taught by CE-$24,796,614-$24,796,614$0-$24,796,614$0-$24,796,614$0-$24,796,614$0

Undergraduate programs - Visa (excl CE)$9,581,473$11,659,217$12,191,646$9,581,473$11,659,217$12,191,646$13,805,089$14,631,102$15,776,109$15,069,784$17,653,610$22,179,971$22,570,918$18,488,670$23,047,619$25,714,286$27,000,000$37,000,000$24,200,000Masters - Upper Years 1: 0% (ComCult), 2%$22,042,851$25,000,000Undergraduate programs - Visa (excl CE)$15,776,109$15,776,109$0$15,776,109$0$15,776,109$0$15,776,109$0

Eng transition year/ESM crs (Spring/Summer FFTEs)-$1,418,095-$1,407,485-$1,497,732-$1,376,792-$1,362,936-$1,450,776-$1,439,446-$1,486,451-$2,449,971-$2,260,244-$2,670,000-$2,628,440-$2,700,000-$2,670,000-$2,815,534-$2,815,534-$3,000,000-$3,000,000-$2,900,000-$2,700,000-$2,700,000Eng transition year/ESM crs (Spring/Summer FFTEs)-$2,331,736-$2,331,736$0-$2,449,971$0-$2,449,971-$118,235-$2,451,752-$1,781

Graduate programs - domestic$15,513,480$15,715,291$17,019,923$15,175,731$15,378,256$16,633,356$16,057,153$16,410,196$17,316,370$17,138,061$17,265,029$18,457,827$18,752,794$17,393,436$17,788,610$18,175,335$18,029,578$18,424,626$18,046,061$18,163,984$19,191,118Graduate programs - domestic$17,461,125$17,215,883-$245,242$17,234,063-$82,307$17,316,370-$144,755$17,133,817-$182,553

Plus drop fees/adjustments$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000Plus drop fees/adjustments$3,000,000$3,000,000$0$3,000,000$0$3,000,000$0$3,000,000$0

$170,052,674$182,480,593$193,066,659$165,652,786$178,108,904$188,434,398$196,430,781$202,066,581$213,156,678$207,581,579$218,948,105$230,668,208$236,563,250$224,930,544$243,052,454$255,829,944$263,053,557$284,463,152$250,046,394$246,849,177$258,417,908Subtotal$213,283,681$213,038,439-$245,242$213,074,371-$82,307$213,156,678-$127,003$213,171,440$14,762

Graduate Visa$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,727,215$4,070,000$4,100,000$4,200,000$4,100,000$4,519,231$4,660,194$4,800,000$4,800,000$4,700,000$4,800,000$4,800,000Graduate Visa$4,727,215$4,727,215$0$4,727,215$0$4,727,215$0$4,727,215$0

Tuition revenue including graduate Visa$174,779,889$187,207,807$197,793,873$170,380,001$182,836,118$193,161,612$201,157,995$206,793,796$217,883,893$212,308,793$223,018,105$234,768,208$240,763,250$229,030,544$11,146,651$247,571,684$260,490,138$267,853,557$289,263,152$254,746,394$251,649,177$263,217,908Tuition revenue including graduate Visa$218,010,896$217,765,654-$245,242$217,801,586-$82,307$217,883,893-$127,003$217,898,655$14,762

Tuition revenue in Budget$174,779,889$170,380,001$8,999,923$20,090,020110.5%less $1M

Estimated Revenue over Budget$12,427,918$12,456,117

$176,046,736Undergraduate$171,801,042$180,373,628$8,572,58651.30%$4,397,7371.10753101981.1122813113Psychology tuiton fee = other MA programs (frozen)2965220.9451231756

$21,747,137Graduate$21,360,570$20,784,367-$576,203100%-$576,203Psychology tuiton fee frozen; other MA programs frozen313739

5243396.67$12,427,918$4,632,261$3,821,534difference172175.5%

0.0265033983

22303575.9482569OK3,743,820Bus/MTI MBA, Comp Networks: 5% yr 1; 2.5% upper yrs3763935

$5,342,669$23,013,984215,065,548Bus/MTI MBA, Comp Networks: 5% yr 1; 0% upper yrs3741825

0.0285387094218,809,368221100.6%

$204,174,796

-$24,796,614

$15,776,109

-$2,331,736

$17,111,539

$3,000,000

$212,934,094

$4,727,215

$217,661,309

Bus/MTI MBA: 5% yr 1; 0% upper yrs28278082780541

Bus/MTI MBA: 5% yr 1; 2.5% upper yrs28500252803713

222170.8%231720.8%

Comp Networks: 5% yr 1; 0% upper yrs913803

Comp Networks: 5% yr 1; 2.5% upper yrs913910

1070.0%

141966

should be 27,298

3B5 Waclaw fees 17-18

2015-16 year-end OTO and 2015-16 budget

Tuition Revenue ProjectionsDraft, March 6, 2014for 2014-15 OTOused for the calculation of Provost's shareTuition revenue for UniversityDraft, Feb 24, 201716-17 projected actual

For budget purposesto be used for 51.3% calculationFeb 24 estFor 2015-16 budget purposesFor 2016-17 budget purposes2015-16 OTO2016-17 BaseFor 2017-18 budget purposes

2013/14 budget @ 2013-14 rates2013/14 est @ 2013-14 rates2014/15 proj. @ 2014-15 rates2013/14 budget - used for 51.3% calc.2013/14 est @ 2012-13 rates2014/15 proj. @ 2013-14 rates2014/15 est. @ 2013-14 rates2014/15 est. @ 2014-15 rates2015/16 proj. @ 2015-16 rates2015/16 proj. @ 2014-15 rates2015/16 est. @ 2014-15 rates2016/17 proj. @ 2015-16 rates2016/17 proj. @ 2016-17 rates2015/16 est. @ 2015-16 rates2016/17 est. @ 2015-16 rates2017/18 proj. @ 2016-17 rates2017/18 proj. @ 2017-18 rates2018/19 proj. @ 2018-19 rates2016/17 est. @ 2016-17 rates

Undergraduate FFTEs (incl collab nursing; excl HSM/HIM)26,593.427,216.426,593.427,298.028,057.128,057.128,537.328,537.329,492.229,440.529,440.529,492.231,150.431,026.531,026.530,988.431,150.4


CE FFTEs2,026.21,947.02,026.21,947.01,739.41,739.41,742.01,742.01,694.71,660.01,660.01,694.71,714.51,700.01,700.01,700.01,714.5

Total Undergraduate FFTEs28,619.629,163.428,619.629,245.029,796.529,796.530,279.330,279.331,186.931,100.531,100.531,186.932,864.932,726.532,726.532,688.432,864.9

Graduate annualized FTEs (PhD 11 terms)1,651.21,736.01,651.21,736.01,662.61,662.61,692.91,692.91,741.41,824.81,824.81,741.41,796.21,844.21,844.21,931.31,796.2

Ugrad tuition revenue (excl CE,HSM)$175,775,287$186,073,742$171,073,369$181,602,640$187,093,104$192,232,940$204,310,784$198,734,052$205,956,591$213,377,843$219,340,099$211,734,929$226,192,245$234,604,748$241,629,787$251,736,631$232,583,640

"Fresch start" year$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0

Year over year growth$19,928,434$10,298,455$15,226,515$5,827,353$11,317,817$16,457,653$12,077,843$6,501,112$12,820,020$1,642,914$7,605,170$18,598,358$9,029,199$2,021,108$9,046,148$10,106,843$15,420,594

CE (incl Specials and Ret Mgt PT DE) tuition revenue$12,019,387$11,896,267$11,669,307$11,549,779$10,318,242$10,627,784$10,963,016$10,643,707$10,354,659$10,446,961$10,760,369$10,665,296$10,790,244$11,019,655$11,350,237$11,690,747$11,113,951

Year over year growth-$351,501-$123,120-$701,582-$469,608-$1,701,145-$1,391,603$335,231$15,923-$271,799-$218,335$95,073$38,838$114,998-$94,296$236,286$340,510$438,705

Graduate tuition revenue$15,715,291$17,019,923$15,378,256$16,633,356$16,057,153$16,410,196$17,316,370$17,138,061$17,265,029$18,457,827$18,752,794$17,393,436$17,896,704$18,840,368$19,191,118$20,859,478$18,163,984

Year over year growth$194,079$1,304,632-$142,956$918,065$266,030$619,074$906,174$727,865$1,172,083$1,064,391$1,359,358$1,300,491$611,155$676,384$1,027,133$1,668,360$878,436

$9,518$9,804$9,314$9,582$9,658$9,870$10,229$10,123$9,914$10,115$10,277$9,988$9,963$10,216$10,406$10,801$10,112


UG tuition/FFTE$6,610$6,837$6,433$6,653$6,668$6,852$7,159$6,964$6,983$7,248$7,450$7,179$7,261$7,561$7,788$8,124$7,466

UG + CE tution$187,794,674$197,970,009$182,742,675$193,152,419$197,411,346$202,860,725$215,273,799$209,377,759$216,311,250$223,824,804$230,100,468$222,400,225$236,982,489$245,624,403$252,980,024$263,427,378$243,697,591

UG + CE tution/FFTE$6,562$6,788$6,385$6,605$6,625$6,808$7,110$6,915$6,936$7,197$7,399$7,131$7,211$7,505$7,730$8,059$7,415

annual % change4.53%3.45%1.72%0.65%0.97%3.76%4.43%1.57%1.61%0.92%3.75%4.47%1.23%1.22%4.25%4.25%4.10%


CE students domestic2,026.21,947.02,026.21,947.01,739.41,739.41,742.01,742.01,694.71,660.01,660.01,694.71,714.51,700.01,700.01,700.01,714.5

CE students visa44.745.044.745.044.844.845.045.056.665.065.056.665.065.065.065.065.0

Students in FT programs domestic2,788.73,000.02,788.73,000.02,834.72,834.73,000.03,000.02,884.33,000.03,000.02,884.33,000.03,100.03,100.03,200.03,000.0

Students in FT programs visa62.163.062.163.067.967.970.070.075.483.083.075.483.083.083.083.083.0

Students in PT programs domestic815.4820.0815.4820.0739.6739.6800.0800.0614.0610.0610.0614.0610.0610.0610.0610.0610.0

Students in PT programs visa3.43.03.43.03.33.33.03.01.72.02.01.72.02.02.02.02.0

Total CE teaching (FFTEs)5,737.15,875.05,737.15,875.05,426.45,426.45,660.05,657.05,326.75,420.05,420.05,326.75,474.55,560.05,560.05,660.05,474.5

as % of total undergraduate20.0%20.1%20.0%20.1%18.2%18.2%18.7%18.7%17.1%17.4%17.4%17.1%16.7%17.0%17.0%17.3%16.7%

Students (FFTEs) in FT+PT programs taking CE crs3,604.13,820.03,604.13,820.03,574.33,574.33,800.03,800.03,498.43,610.03,610.03,498.43,610.03,710.03,710.03,810.03,610.0Tuition fee increase scenarios:

as % of all FT+PT prog13.6%14.0%13.6%14.0%12.7%12.7%13.3%13.3%11.9%12.3%12.3%11.9%11.6%12.0%12.0%12.3%11.6%1. Graduate programs:Draft, March 30, 2015

Avg CE tuition fee/FFTE domestic$5,932$6,110$5,759$5,932$5,932$6,110$6,293$6,110$6,110$6,293$6,482$6,293$6,293$6,482$6,677$6,877$6,482a) Current scenario - 3% in Year 1; 2.5% in upper years; reduction for Fashion and

annual % change3.00%3.00%0.00%0.00%0.00%3.00%3.00%0.00%0.00%0.00%3.00%3.00%0.00%0.00%3.00%3.00%3.00%MTI MMSc to the level of other Masters

Avg CE tuition fee/FFTE visa$18,707$19,642$18,707$19,642$19,642$19,642$20,625$20,625$20,625$21,656$21,656$20,625$21,656$22,739$22,739$23,875$21,656b) Alternative scenarios (Scenario 2 approved for budget):

CE tuition revenue generated by CEMBAs, Comp Network - 5% increase in Yr1; 2.6% upper years

CE students$12,019,387$11,896,267$11,669,307$11,549,779$10,318,242$10,627,784$10,963,016$10,643,707$10,354,659$10,446,961$10,760,369$10,665,296$12,197,867$12,497,658$12,828,240$13,242,651$12,521,573reduction for Psychology, Fashion and MTI MMSc (to the level of other Masters in Yr 1; upper years same as year 1) - all years same tuition

Students in FT programs$16,542,938$18,330,150$16,061,103$17,796,270$16,815,927$17,320,397$18,880,050$18,330,150$17,623,407$18,880,050$19,446,450$18,152,104$20,677,475$21,981,962$22,584,788$23,987,774$21,243,875PhD programs frozen; Masters increase 1% (Scenario 1) or 2% (Scenario 2) in yr 1 and upper years

Students in PT programs$4,836,896$5,010,241$4,696,015$4,864,314$4,387,309$4,518,926$5,034,680$4,888,040$3,751,833$3,838,944$3,954,112$3,864,388$3,882,255$3,999,589$4,118,209$4,242,666$3,997,4232. Undergraduate programs:

Adjustment for program students (day rates)$881,884$881,884$881,884$881,884$881,884$881,884$881,884$881,884$881,884$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000$1,000,0002016-17 Tuition fee increasea) Current scenario: Year 1 - 3% and 5% (where applicable); 2.5% upper years

TOTAL$34,281,105$36,118,542$33,308,308$35,092,247$32,403,361$33,348,991$35,759,630$34,743,781$32,611,783$34,165,955$35,160,931$33,681,788$37,757,597$39,479,209$40,531,237$42,473,090$38,762,872b) Alternative scenarios: Year 1 = current scenario (3% and 5% where applicable)

Students in FT+PT programs$22,261,718$24,222,275$21,639,002$23,542,468$22,085,119$22,721,207$24,796,614$24,100,074$22,257,124$23,718,994$24,400,562$23,016,492$25,559,730$26,981,550$27,702,997$29,230,440$26,241,2981. Undergraduate:Upper years - 2.6%

Non-CE undergraduate tuition revenue$153,513,569$161,851,467$149,434,367$158,060,172$165,007,985$169,511,734$179,514,170$174,633,978$183,699,467$189,658,850$194,939,538$188,718,437$199,224,892$206,145,194$212,448,787$220,954,288$204,934,719Year 1 - 3% and 5%Approved Budget Scenario

Year over year growth$19,821,075$8,337,897$15,741,872$4,546,603$11,494,415$15,998,164$10,002,436$5,122,245$13,284,102$940,413$6,221,100$18,303,073$7,834,824$1,210,475$7,514,068$8,505,501$13,544,651Upper years - 2.6%Current

TUITION - Budget details2013/14proj2014/15proj2013/14proj2013/14proj2014/15proj2014/15proj2015/16proj2015/16proj2015/16proj2016/17proj2016/17proj2015/16proj2016/17 est2017/18 proj2017/18 proj2018/19 proj2016/17estScenarioScenario 0Scenario 1 (UG upp yrs 2.6%)Scenario 2 (UG upp yrs 2.6%)Scenario 3


Undergraduate programs - domestic (incl. CE teaching)$165,824,263$175,775,287$186,575,097$161,129,914$171,073,369$181,602,640$187,093,104$192,232,940$204,310,784$198,734,052$205,956,591$213,377,843$219,340,099$211,734,929$226,192,245$234,604,748$241,629,787$251,736,631$232,583,640PhD - 0%Undergraduate programs - domestic (incl. CE teaching)$204,174,796$204,174,796$0$204,310,784$0$204,310,784$135,987$204,514,735$203,951

Undergraduate FT+PT programs taught by CE-$22,448,447-$22,261,718-$24,222,275-$21,857,540-$21,639,002-$23,542,468-$22,085,119-$22,721,207-$24,796,614-$24,100,074-$22,257,124-$23,718,994-$24,400,562-$23,016,492-$25,559,730-$26,981,550-$27,702,997-$29,230,440-$26,241,298Masters - Year 1: 0% (CommCult), 2%, 5%Undergraduate FT+PT programs taught by CE-$24,796,614-$24,796,614$0-$24,796,614$0-$24,796,614$0-$24,796,614$0

Undergraduate programs - Visa (excl CE)$9,581,473$11,659,217$12,191,646$9,581,473$11,659,217$12,191,646$13,805,089$14,631,102$15,776,109$15,069,784$17,653,610$22,179,971$22,570,918$18,488,670$22,000,000$25,000,000$25,000,000$29,000,000$22,042,851Masters - Upper Years 1: 0% (ComCult), 2%Undergraduate programs - Visa (excl CE)$15,776,109$15,776,109$0$15,776,109$0$15,776,109$0$15,776,109$0

Eng transition year/ESM crs (Spring/Summer FFTEs)-$1,418,095-$1,407,485-$1,497,732-$1,376,792-$1,362,936-$1,450,776-$1,439,446-$1,486,451-$2,449,971-$2,260,244-$2,670,000-$2,628,440-$2,700,000-$2,670,000-$2,500,000-$2,700,000-$2,700,000-$2,700,000-$2,700,000Eng transition year/ESM crs (Spring/Summer FFTEs)-$2,331,736-$2,331,736$0-$2,449,971$0-$2,449,971-$118,235-$2,451,752-$1,781

2018-19 Budget Priorities and Expenditures · 2018-19 Budget Priorities and Expenditures Finance...

Documents

Transcript of 2018-19 Budget Priorities and Expenditures · 2018-19 Budget Priorities and Expenditures Finance...