University of New Brunswick

Transcription

1 University of New Brunswick Overview of Finances February 15, 2005

2 Agenda Where do $ come from Where do $ go Infrastructure Renewal Budget Process

3 0.9% 6.4% UNB REVENUE Composition ($212M) 12.5% 9.4% 70.8% General Operating Endowment & Trust Sponsored Research Ancillary Capital

4 UNB Operating Budget Revenue $144.4 million 6.24% 37.65% 56.11% Provincial Operating Grant Tuition Revenue Other

5 University of New Brunswick Trend in Operating Revenues 80% 60% 40% gov t grants student fees 20% 0%

6 Provincial Multi-Year Funding Plans For New Brunswick Universities 3 Year 4 Year Actual 3.4% Actual 2.0% 2.0% Possible Amount 4.6% 4.6% Possible Amount 3.2% Possible Amount 3.2% Program Totals 10% 13%

7 Provincial Multi-year Funding Plans for New Brunswick Universities 3 Year 4 Year UNB Actual Actual 3.4% 2.93% Actual 2.0% 2.0% 1.45%

8 UNB PROVINCIAL OPERATING GRANT % CHANGE * (1.0) (2.0) (3.0) (4.0) *excludes advance on

9 UNB Composition of Tuition Income Budget $54 million Fredericton Saint John Undergraduate Graduate International Supplement Undergraduate Graduate International Supplement

10 UNB FTE ENROLMENT Actual Budget

11 TUITION FEES MARITIME UNIVERSITIES Based on Arts Program % Change Tuition Fees Rank Acadia 7, Mount Allison 5, Saint Francis Xavier 5, University of King's College 5, Dalhousie University 5, College of Cape Breton 5, Université Sainte-Anne 5, Saint Mary's 5, Group Average 5, Mount Saint Vincent 5, N. S. Agricultural College 5, N.S. College of Art & Design 5, Atlantic School of Theology 4, UNB 4, Université de Moncton 4, UPEI 4, Saint Thomas 3,

12 TUITION FEE CHANGE MARITIME UNIVERSITIES to to Year Period 10 Year Period $ % $ % UNB 1, , MARITIME AVERAGE 1, ,

13 AVERAGE UN DERGRADUATE TUITION FEE Provincial Comparisons % Change 03-04/ 02-03/ 99/ / (5 years) (9 years) CANADA 4, Newfoundland 2, (4.5) (22.7) 12.7 Prince Edward Island 4, Nova Scotia 5, New Brunswick 4, Quebec 1, Ontario 4, Manitoba 3, (9.4) 35.2 Saskatchewan 4, Alberta 4, British Columbia 4, UNB 4,

14 Compulsory Supplementary Fees $650 $600 $550 $500 $450 $400 $350 $300 $250 $200 $150 $100 $612 $541 $411 $321 UNB Maritime Universities MacLean's Comprehensive Group 14

15 Undergraduate Foreign Differential Fee ,000 7,000 6,000 6,846 6,471 5,000 4,627 4,537 4,000 3,000 2,000 1,000 0 UNB Maritime Universities MacLean's Comprehensive Group 14

16 WHY DO TUITION FEES GO UP ANNUALLY? Operating costs go up each year University inflation Provincial grant does not increase at the same rate as university inflation.

17 INFLATION (12 months ended December 31, 2004) All Items Canada 2.1% Education and Reading 3.7% Tuition Fees 4.2% Water, Fuel, Electricity 4.6% Source: Statistics Canada, Consumer Price Index, Dec 2004, Table # 3

18 Illustration of Relationship between Tuition Fees Increase and Provincial Operating Grant Increase For Tuition Fees Increase to be Provincial Grant Increase 0% 6.75% 2.5% 5.35% 5.75% 3.5% 7.5% 2.5% 10.0% 1.0% Assuming: Balanced Budget Expenditures 3.75% Enrolment constant

19 University of New Brunswick Budgeted Operating Expenses ($144.4 M) 9.43% 14.40% Faculties & Departmental 18.40% 57.77% Academic and Student Support Administration Maintenance & Utilities

20 UNB OPERATING EXPENSE COMPOSITION 23.2% Salary & Benefits Non-Salary Operating 76.8%

21 MacLean s Comprehensive Group Operating Expenditures (per Weighted Full-time Equivalent Students) 2004 Ranking Funding Ranking - Simon Fraser $10,209 - Victoria 9,322 - Regina 9,065 - Memorial 8,909 - Guelph 8,753 Average 8,417 - Waterloo 8,347 - UNB 7,905 - Windsor 7,904 - Carleton 7,580 - York 7,331 - Concordia 7, GAP to Average 6%

22 INSTRUCTION & NON-SPONSORED RESEARCH Three-year Average ending as a % of General Operating % UNB 57.3 Maclean's Comprehensive

23 Instruction and Non-sponsored Research Current model is focused on Academic Quality Higher % allocated to Instruction & Nonsponsored Research Smaller class sizes Lower student to faculty ratios High % faculty full professor National salary averages National Caliber faculty

24 60 % of Students in Selected Class Size Ranges 1 st & 2 nd Year Level Classes of =< UNB Maritime Universities MacLean's Comprehensive Group of 14 Source: MacLean s 2003

25 Full Professor Ranks as a % of Total Academic Ranks UNB Maritime Universities MacLean's Comprehensive Group of 14 Source: Statistics Canada, Education Statistics, Salaries and Scales of Full-time Teaching Staff at Canadian Universities,

26 30 Ratio of Full-time Students to Full-time Faculty UNB Maritime Universities MacLean's Comprehensive Group of 14 Source: Statistics Canada, Maritime Provinces Higher Education

27 LIBRARY Three-year Average ending as a % of General Operating % UNB Maclean's Comprehensive

28 COMPUTING & COMMUNICATIONS Three-year Average ending as a % of General Operating % UNB Maclean's Comprehensive

29 ADMINISTRATION & GENERAL Three-year Average ending as a % of General Operating % UNB Maclean's Comprehensive

30 STUDENT SERVICES Three-year Average ending as a % of General Operating % UNB Maclean's Comprehensive

31 UNB Total Payments Made to Students $19.0 Number of dollars (millions) $17.0 $15.0 $13.0 $11.0 $9.0 $9.8 $11.3 $12.1 $13.0 $13.7 $16.7 $ Source: UNB Financial Services

32 Scholarships, Bursaries, and Prizes Total Funds $4.5 Number of dollars (millions) $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $1.7 $2.1 $2.4 $2.8 $3.4 $3.5 $3.6 $4.0 $0.5 $ Source: CAUBO Financial Statistics, to

33 Total Entrance/Undergraduate Scholarships at UNB Number of dollars (millions) $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $1.1 $1.3 $1.6 $1.8 $2.3 $2.4 $2.5 $2.8 $ Source: Undergraduate Student Awards, Registrar's Office

34 UNB GRA s, GTA s, UGTA s Operating $3.5 $3.2 Number of dollars (millions) $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $2.2 $2.7 $

35 PHYSICAL PLANT Three-year Average ending as a % of General Operating % UNB Maritime Universities Maclean's Comprehensive Group of 14

36 UNB FINANCIAL POSITION Annual Net Operating Result (150) (300) (450) (600) (750) (900) (1,050) (1,200) (1,350) (1,500) (1,650) (1,800) (1,950) (2,100) (2,250) (2,400) (2,550)

37 University of New Brunswick FINANCIAL CHALLENGES Gap Areas Student Services Scholarships Attracting and retaining quality Faculty Utility Cost Increases Pension Costs Infrastructure Renewal Requirements $1 million over 3 years $1.7 million over 2 years $100 million

38 University of New Brunswick FINANCIAL STRATEGIES Fund Raising Campaign $60 million Expand other incomes Properties New ventures College of Extended Learning Increase Research funding for spin-offs Planning & prioritization

39 Infrastructure Renewal UNB Figures and Context Average Age of Buildings Fredericton Saint John Canadian Average

40 Infrastructure Renewal UNB Figures and Context Renewal Needs (non-residence) $108 million Estimated Replacement Value $.5 billion

41 Infrastructure Renewal UNB Figures and Context Facilities Condition Index (FCI) UNB Canada Atlantic Above 10 Unacceptable

42 Infrastructure Renewal Annual Funding Total $ $ per Student Baseline spending $2 million $167 Spending to hold current status $ 7.4 million $617 Spending required to improve over time $9.6 million $800

43 Infrastructure Renewal Funding 3-Year Perspective $(millions) Last 3 years actual $16.3 Pro-forma Plan next 3 years $ Baseline $6.0 Amount required to hold position $22.8

44 University of New Brunswick Budget Process PLANS PRIORITIES FINANCIAL PARAMETERS OPTIONS RESOURCE ALLOCATION PROCESS CHOICES BUDGETS -Operating -Capital -Residence RISKS ENVIRONMENT

45 Factors to be Considered in Budgeting and Tuition Fee Decisions Fiscal Responsibility Accessibility Priorities Competitiveness Quality

46 Overview of UNB Budget Responsibility Board of Governors Finance Committee President University Management Committee Fredericton Campus Budget Management Committee University-wide Budget Management Committee Saint John Campus Budget Management Committee

47 STUDENTS INVOLVED IN BUDGET PROCESS Budget Management Committee Faisal Mahmood, Student Union Finance Committee Greg LeBlanc, Student Union Board of Governors Greg LeBlanc, Student Union President Nick Ouellette, Student Union Trevor Richard, Student Representative Council, SJ

48 QUESTIONS/FEEDBACK Vice-President Academic Vice-President Finance - vpfin@unb.ca Greg LeBlanc suprez@unb.ca Presentation can be viewed at: