Allocation Drivers – value update
| REVENUE | ||||||
| Revenue Stream | Current Driver | 21/22 Budget | 5 Month 21/22 Projections | 8 Month 21/22 Projections | 22/23 Budget | 21/22 Actuals true up |
|---|---|---|---|---|---|---|
| Release Date: | DeC 2020 | Oct 2021 | Dec 2021 | Dec 2021 | SEPT 2022 | |
| Tuition | Pot value: Total Tuition received | Driver X 20/21 tuition rates X projected inflation rates | Driver X 21/22 tuition rates | Driver X 21/22 tuition rates | Driver X 21/22 tuition rates X projected inflation rates | Actuals |
| Driver : Enrollment & Teaching Units | 21/22 projected using Nov 1/20 actuals as base | 21/22 projected using 20/21 actuals as base | 21/22 projected using Nov 1/21 actuals as base | 22/23 projected using Nov 1/21 actuals as base | Actuals | |
| Provincial Grant | Pot value: Total MTCU funding received | 16/17 midpoint funding plus projected Grad Expansion grant | 16/17 midpoint funding plus projected Grad Expansion grant | 16/17 midpoint funding plus projected Grad Expansion grant | 16/17 midpoint funding plus projected Grad Expansion grant | Actuals |
| Driver: WGUs registered in faculties | 21/22 projected using Nov 1/20 actuals as base | 21/22 projected using 20/21 actuals as base | 21/22 projected using Nov 1/21 actuals as base | 22/23 projected using Nov 1/21 actuals as base | Actuals | |
| Indirect Costs of Research | Pot value: OH income earned | Actuals 19/20 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | Actuals |
| Driver: OH income Earned | Actuals 19/20 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | Actuals | |
| Application Fees | Pot value: UG application Fee revenue received | Budget 21/22 | 5 Month 21/22 Projections | 8 Month 21/22 Projections | Budget 22/23 | Actuals |
| Driver: # of UG applications received | Sept 2020 OUAC Statistics | Sept 2020 OUAC Statistics | Sept 2021 OUAC Statistics | Sept 2021 OUAC Statistics | Sept 2021 OUAC Statistics | |
| Short term Interest | Pot value: Working Capital & Residual income received | Budget 21/22 | 5 Month 21/22 Projections | 8 Month 21/22 Projections | Budget 22/23 | Actuals |
| Driver: 3 year avg of Research & Operating balances | Actuals 19/20 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | |
| RIF rebate | Pot value: 1 % of Framework Revenue | Model Calc – Budget 21/22 | Model Calc – 5 Mo 21/22 | Model Calc – 8 Mo 21/22 | Model Calc – Budget 22/23 | Model Calc – Actuals 21/22 |
| Driver: OH income Earned (some exclusions) | Actual 19/20 | Actual 20/21 | Actual 20/21 | Actual 20/21 | Actuals | |
| COSTS | ||||||
| Support Unit | Current Driver | 20/21 BUDGET | 5 Month 20/21 Projections | 8 Month 20/21 Projections | 21/22 Budget | 20/21 Actuals true up |
| Release Date: | Dec 2019 | Oct 2020 | Dec 2020 | Dec 2020 | Sept 2021 | |
| Occupancy Costs | Average NASM rate | Actuals as of Dec/19 | Actuals as of Dec/19 | Actuals as of Dec/20 | Actuals as of Dec/20 | Actuals as of Dec/20 |
| Bond Interest | NASM | Actuals as of Dec/19 | Actuals as of Dec/19 | Actuals as of Dec/20 | Actuals as of Dec/20 | Actuals as of Dec/20 |
| MIP Occupancy 1 | MIP NASM | Current Data | Current Data | Current Data | Current Data | n/a |
| MIP Occupancy 2 (B.Tech) | Half Average MIP Rate | Current Data | Current Data | Current Data | Current Data | n/a |
| Human Resources | Operating, Research,RMA Employee FTE and 20% of Clinical Faculty FTE | Actuals 19/20 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | Actuals |
| HR Employee Programs | Benefit Rate Reduction Estimate – based on: | Actuals 14/15 | Actuals 14/15 | Actuals 14/15 | Actuals 14/15 | Actuals 14/15 |
| Supplementary Pension | Salaries of pensionable employee groups | Actuals 19/20 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | Actuals |
| Pension Special | Benefit Rate Reduction Estimate – based on: | Actuals 14/15 | Actuals 14/15 | Actuals 14/15 | Actuals 14/15 | Actuals 14/15 |
| President/ University Secretariat/ General University/ Office of the Provost/ Administration (incl. Financial Affairs) | 3-year rolling average operating expenditure | Actuals 19/20 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | Actuals |
| University Advancement | 3-year rolling average operating revenue | Model Calc – Budget 21/22 | Model Calc – 5 Mo 21/22 | Model Calc – 8 Mo 21/22 | Model Calc – Budget 22/23 | Model Calc – Actuals 21/22 |
| UTS/ Technology Fund/ Museum of Art | Total student FFTE and total employee FTE | Student: 21/22 projected using Nov 1/20 actuals as base | Student: 21/22 projected using 20/21 actuals as base | Student: 21/22 projected using Nov 1/21 actuals as base | Student: 22/23 projected using Nov 1/21 actuals as base | Actuals |
| Employee: Actuals 19/20 | Employee: Actuals 20/21 | Employee: Actuals 20/21 | Employee: Actuals 20/21 | Actuals | ||
| Libraries | Faculty FTE, Graduate student FFTE, Undergraduate FFTE | Student: 21/22 projected using Nov 1/20 actuals as base | Student: 21/22 projected using 20/21 actuals as base | Student: 21/22 projected using Nov 1/21 actuals as base | Student: 22/23 projected using Nov 1/21 actuals as base | Actuals |
| Faculty: Actuals 19/20 | Faculty: Actuals 20/21 | Faculty: Actuals 20/21 | Faculty: Actuals 20/21 | Actuals | ||
| Student Affairs, MIIETL | Total student FFTE (UG and Graduate) | 21/22 projected using Nov 1/20 actuals as base | 21/22 projected using 20/21 actuals as base | 21/22 projected using Nov 1/21 actuals as base | 22/23 projected using Nov 1/21 actuals as base | Actuals |
| Research Administration | 3-year rolling average research revenue awarded | Actuals 19/20 | Actuals 20/21 | Actuals 20/21 | Actuals 20/21 | Actuals |
| Registrar, Undergraduate Scholarships and Bursaries | UG student FFTE (with some student exclusions for UG Scholarships, Bursaries) | 21/22 projected using Nov 1/20 actuals as base | 21/22 projected using 20/21 actuals as base | 21/22 projected using Nov 1/21 actuals as base | 22/23 projected using Nov 1/21 actuals as base | Actuals |
| School of Graduate Studies/ Graduate Scholarships | Graduate student FFTE (with some student exclusions for Grad Scholarships) | 21/22 projected using Nov 1/20 actuals as base | 21/22 projected using 20/21 actuals as base | 21/22 projected using Nov 1/21 actuals as base | 22/23 projected using Nov 1/21 actuals as base | Actuals |
Please note this Chart is mainly for valuation date, for more detailed Revenue and driver definitions please refer to your annual data packs and website
Program costing templates to be updated each December/ January
Should data be unavailable at the required point in time then the previous scenario’s driver data will be used