Revised May 9, 2003
|
Planning Assumptions |
Positive / (Negative) Impact on Budget |
||
|---|---|---|---|
|
2003-04 |
2004-05 |
2005-06 |
|
|
1. Incremental Progression |
$ (537,000) |
$ (537,000) |
$ (537,000) |
|
2. Salary Adjustments |
|||
|
a. BCGEU and MFA |
(730,000) |
||
|
b. Administration and CUPE |
(202,000) |
||
|
c. BCGEU and MFA |
(530,000) |
||
|
3. Benefits Adjustments - All Groups |
(300,000) |
(200,000) |
(200,000) |
|
4. Non-Recurring Budget |
|||
|
· Revenue |
1,051,315 |
||
|
· Expenditure |
(1,051,315) |
||
|
5. Net Increase (Reduction) in Provincial Funding |
(756,008) |
399,003 |
|
|
6. New Era Funded Program Growth (not including tuition) |
1,226,510 |
593,729 |
124,300 |
|
· Cost of Delivery |
(826,974)[1] |
(326,551) |
(68,365) |
|
· Projected Increases to Services |
|||
|
- Information Technology |
(200,000) |
(100,000) |
(100,000) |
|
- Facilities |
(250,000) |
(100,000) |
(100,000) |
|
- Other |
(88,745) |
(250,000) |
(250,000) |
|
7. Other Program Growth (not including tuition) |
|||
|
· Cost of Delivery |
(323,285)[2] |
||
|
· Cost of Services |
(264,506) |
||
|
8. Debt Servicing |
(400,000) |
(200,000) |
|
|
9. Projected Increase to Net Return from International Education |
TBA |
||
|
Projected Budget Surplus / (Short Fall) |
(2,694,000) |
(1,875,830) |
(1,464,062) |
[1] Represents annual expenditure, estimated $23,515 of annualization to be transferred to Non-Recurring Budget for 2003/04.
[2] Represents annual expenditure, estimated $64,657 of annualization to be transferred to Non-Recurring Budget for 2003/04.