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University of New Brunswick

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2003-04 BUDGET ($131.6 M) University of New Brunswick. UNB FREDERICTON ... Budget Management Committee. Adam Baker, Student Union. Finance. Milan Chotai, Student Union ... – PowerPoint PPT presentation

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Title: University of New Brunswick


1
University of New Brunswick
  • Overview of Finances
  • March 16, 2004

2
AGENDA
  • Where do our come from
  • Where do the go
  • Budget Process

University of New Brunswick
3
TOTAL UNB REVENUE192 Million
University of New Brunswick
4
UNBOPERATING REVENUES2003-04 BUDGET (131.6 M)
University of New Brunswick
5
UNB FREDERICTONCOMPOSITION OF TUITION
INCOME(2003-04 BUDGET 32.8 MILLION)
University of New Brunswick
6
TRENDS IN OPERATING REVENUES
University of New Brunswick
7
UNB PROVINCIAL OPERATING GRANT CHANGE
University of New Brunswick
8
UNB FREDERICTONFULL-TIME AND PART-TIMEUNDERGRADU
ATE ENROLMENT
University of New Brunswick
9
UNBFULL-TIME GRADUATE ENROLMENT
University of New Brunswick
10
TUITION FEESMARITIME UNIVERSITIES 2003-04
University of New Brunswick
Based on Arts Program
11
COMPULSORY ANCILLARY FEES(Includes Health with
Opt Out)
University of New Brunswick
12
TUITION FEESMARITIME UNIVERSITIES2003-04
University of New Brunswick
13
AVERAGE UNDERGRADUATETUITION FEESPROVINCIAL
COMPARISONS
University of New Brunswick
14
WHY DO TUITION FEESGO UP ANNUALLY?
  • Operating costs go up each year
  • University inflation
  • Provincial grant does not increase at the same
    rate as university inflation.

University of New Brunswick
15
INFLATION12 months ended December 31, 2003
University of New Brunswick
16
UNBINCOME/EXPENSES SCENARIOS(Stable Enrolment)
University of New Brunswick
17
UNBBUDGETED OPERATING EXPENSES2003-04 (131.6 M)
University of New Brunswick
18
UNBOPERATING EXPENSE COMPOSITION
University of New Brunswick
19
UNB FREDERICTON CAMPUSFACULTIES
DEPARTMENTS61.3 Million
  • Salaries and Benefits
  • 511 Academic Positions
  • 200 Support and Technical Positions
  • Day-to-Day Operating Expenses

University of New Brunswick
20
UNB FREDERICTON CAMPUSACADEMIC STUDENT
SUPPORT18.5 Million
  • Library
  • Student Services Support
  • Classroom ITS Support
  • 6.2 million
  • 5.4 million
  • 1 million

University of New Brunswick
21
UNB FREDERICTON CAMPUS14.8 MILLION
  • ADMINISTRATION
  • President
  • Human Resources
  • Alumni
  • Development
  • Financial Services
  • University Secretariat
  • Security/Safety
  • IT
  • Registrar
  • Legal
  • Insurance
  • Student Recruitment Marketing

University of New Brunswick
22
UNB FREDERICTON CAMPUS9.8 Million
Maintenance Utilities
University of New Brunswick
23
UNB FREDERICTON CAMPUSEXPENSE COMPARISONS
TOMacLEANS GROUP2001-02
Instruction
University of New Brunswick
24
UNB FREDERICTON CAMPUSEXPENSE COMPARISONS
TOMacLEANS GROUP2001-02
University of New Brunswick
25
Total Entrance/UndergraduateScholarships at UNB
26
Scholarships, Bursaries, and Prizes Total Funds
27
UNBGRAs, GTAs, UGTAsOperating
28
UNBTotal Payments Made to Students
29
UNB FREDERICTON CAMPUSEXPENSE COMPARISON
TOMacLeans Group2001-02
University of New Brunswick
30
UNB FREDERICTONEXPENSE COMPARISONS TOMacLEANS
GROUP2001-02
University of New Brunswick
31
OPERATING EXPENDITURES(per WFTE MacLeans)2003
Rankings
University of New Brunswick
32
UNBFINANCIAL POSITIONANNUAL NET OPERATING RESULT
University of New Brunswick
33
University of New BrunswickFREDERICTON
CAMPUSPRO-FORMA FINANCIAL FORECASTS
(000S)(2004-05 Tuition Fee Increase equal to
2003-04)
University of New Brunswick
34
University of New BrunswickFREDERICTON
CAMPUSFINANCIAL OUTLOOK FOR BASELINE
OPERATIONS( millions annual results)
University of New Brunswick
35
University of New BrunswickFINANCIAL CHALLENGES
  • Utility Cost Increases
  • Pension Costs
  • Capital Renewal Requirements
  • Spend 1 million per year
  • Standards are between
  • 7-14 million for our size
  • Gap Areas
  • Student Services
  • Scholarships
  • 1 million over 3 years
  • 1.7 million over 2 years
  • 100 million

University of New Brunswick
36
University of New BrunswickFINANCIAL STRATEGIES
  • Fund Raising Campaign 60 million
  • Expand other incomes
  • Properties
  • New ventures
  • College of Extended Learning
  • Increase Research funding for spin-offs
  • Planning prioritization

University of New Brunswick
37
University of New Brunswick BUDGET COMMITTEES
Board of Governors
Finance Committee
President
University Management Committee
Fredericton Committees
Saint John Committees
University of New Brunswick
38
FREDERICTON BUDGET COMMITTEES
University of New Brunswick
39
STUDENTS INVOLVED IN BUDGET PROCESS
  • Budget Advisory Group
  • Paul Wilson, GSA
  • Adam Baker, Student Union
  • Laura Ross, Student Union
  • Penny Decker, ALPS
  • Budget Management Committee
  • Adam Baker, Student Union
  • Finance
  • Milan Chotai, Student Union
  • Board of Governors
  • Milan Chotai, Student Union
  • John Campbell, Student Union SJ

University of New Brunswick
40
QUESTIONS/FEEDBACK
  • Vice-President Academic vpacad_at_unb.ca
  • Vice-President Finance - vpfin_at_unb.ca
  • Adam Baker - finance_at_unb.ca
  • Presentation can be viewed at
  • http//www.unb.ca/services/financialservices/fac
    staff/bud_plan.htm

University of New Brunswick
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