Ministry of Training Colleges and Universities (MTCU) Operating Budget 2006/2007. CLOSING THE BUDGET GAP Step 3

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1 Ministry of Training Colleges and Universities (MTCU) Operating Budget 2006/2007 CLOSING THE BUDGET GAP Step 3 Presentation to Senate 4 th April

2 Step 3 of the budget preparation Consider a number of possible options to close the gap Preserve the ability to. To fund the pension liability To borrow money for dealing with deferred maintenance Establish a number of principles: Reduce incremental expenditures where possible Review proposals Delay actions Avoid/minimize impacts on personnel where possible Avoid further across-the-board cuts if possible 2

3 Review: Incremental Expenses of $20.8M Preliminary budget assumptions February 2006 $M Inflation Salaries Benefits Utilities etc Sub-total Investment $M PIF (grad) Support services Deferred maint Deficit repayment Sub-total Total incremental $ 20.8 million 3

4 Review: Net Position of Major Items $M Initial Incremental Expenses: (20.8) Grant revenues (estimate) 8.5 Tuition and Enrolment tbd 2% Contribution to Inflation 3.6 Remaining Gap: (8.7) ~ 4.5% of base 4

5 Next Steps: Update major assumptions: Utilities: Positive impact of efficiencies (improved conservation) and changes to rate assumptions: RESULT: $2.0M reduction in cost estimate Deferred Maintenance: remove increase to base: Spend on highest priority only & increase borrowing as required RESULT: $1.0M reduced base allocation Ancillary Units: All Ancillaries: allocate share of service cost increases ($0.300M) Delay major capital project in Parking ($0.700M) RESULT: $1.0M additional support for operating budget costs 2005/2006 year-end forecast Utility price increases and shortfall on enrolment (compared to budget) will mean meeting the 2005/2006 target will be a challenge CONCLUSION: NO HELP FOR 2006/2007 5

6 Tuition framework provincial announcement Domestic Undergraduate Regular programs Special programs Graduate All programs Entering 4.5% 8% 8% Continuing 4% 4% 4% An institutional cap of 5% overall on tuition fee increases Four year tuition framework No controls on international student fees 6

7 Tuition framework proposal for Domestic Undergraduate Regular programs Special programs Graduate All programs Entering 4.5% 8% 4.5% Continuing 4% 4% 4% Will provide an institutional cap of 4.2% overall on tuition fee increases Introduce a program fee for international students: Freeze international tuition fees (undergrad and grad) Increase entering student fees to average in Ontario 7

8 Tuition framework impact of proposal Domestic Undergraduate Regular programs Special programs Graduate All programs Entering $94 $ $77 Continuing $84 $84-91 $69 International Undergraduate Regular programs Special programs Graduate All programs Entering $2,000 $2,500 $1,333 Continuing $ 0 $ 0 $ 0 Total expected incremental revenue $ 3.7 million 8

9 9 Domestic undergraduate tuition fees $4,351 $4,175 $4,372 $4,183 $4,352 $4,373 $4,352 $4,373 $4,352 Laurentian Laurentian $4,373 Laurentian Laurentian $4,352 $4,373 $4,352 OIT OIT $4,373 OIT OIT $4,352 $4,373 $4,353 $4,185 $4,373 $4,185 $4,362 $4,193 $4,382 $4,193 $4,362 $4,194 $4,383 $4,194 $4,431 $4,261 $4,453 $4,261 Entering students Continuing students

10 10 Domestic graduate tuition fees $5,316 Windsor $5,112 Windsor $5,160 $5,112 Windsor $5,363 Queens $5,159 Queens $5,521 Windsor $5,159 Queens $5,363 $5,160 $5,465 Queens $5,160 $5,491 Lakehead $5,190 Lakehead $5,560 Lakehead $5,190 Lakehead $5,491 $5,280 $5,518 $5,280 $5,579 $5,364 $5,815 $5,364 $5,626 $5,410 $5,653 $5,410 $5,663 $5,442 $5,687 $5,442 $5,666 $5,448 $5,666 $5,448 $5,791 $5,568 $6,013 $5,568 Entering students Continuing students

11 11 International undergraduate tuition fees Entering students Continuing students $9,730 $9,730 $9,730 $12,500 Western $12,500 Western $12,500 OCAD $12,500 Western $12,500 OCAD $12,500 OCAD $12,630 $12,500 OCAD $12,630 $12,630 $12,925 $12,630 $12,925 $12,925 $13,730 $12,925 $14,183 $14,183 $14,183 $14,183 $14,500 $14,500 $14,500 $14,500 $15,326 $15,326 $15,326 $15,326 $16,000 $16,000 $16,000 $16,000

12 12 International graduate tuition fees Entering students Continuing students $8,475 $8,475 $8,475 $12,475 $12,000 $12,000 $12,600 $12,000 $12,045 McMaster $12,045 McMaster $12,767 McMaster $12,045 McMaster $12,056 $12,056 $13,020 $12,056 $13,553 $12,786 $13,801 $12,786 $13,600 $12,830 $13,600 $12,830 $13,442 $12,925 $14,799 $12,925 $13,491 $12,973 $14,011 $12,973 $ $13,770 $14,596 $13,770

13 Issues of student support Provincial commitment Increased eligibility for grants Increased eligibility for OSAP University activities Shift the balance of funding to support 3 rd /4 th students International student support Graduate student support 13

14 Review: Net Position of Major Items $M Initial Incremental Expenses: (20.8) Grant revenues (estimate) 8.5 2% Contribution to Inflation 3.6 Remaining Gap: (8.7) Tuition and Enrolment 3.7 Deferred Maintenance 1.0 Utilities (price/conservation) 2.0 Ancillaries: 1.0 Remaining Gap (1.0) 14

15 Next Steps: need to close the gap College/Division Planning: Completion of 2% plans (base) previously identified Allocation of PIF (graduate quality and growth, restructuring) Monitor Grants and Enrolment: Grants: Accessibility (graduate and undergraduate) QIF (Quality Improvement Fund) Deferred maintenance Enrolment assumptions: Review targets and results: undergraduate and graduate Complete Year end Can we meet 2005/2006 target without further budget adjustments? Further adjustments as required to meet 2006/2007 target To close the Gap 15

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