2003 - 2006 Planning Assumptions

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)