University of New Brunswick

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University of New Brunswick

• Overview of Finances
• March 16, 2004

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AGENDA

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

University of New Brunswick
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TOTAL UNB REVENUE192 Million
University of New Brunswick
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UNBOPERATING REVENUES2003-04 BUDGET (131.6 M)
University of New Brunswick
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UNB FREDERICTONCOMPOSITION OF TUITION
INCOME(2003-04 BUDGET 32.8 MILLION)
University of New Brunswick
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TRENDS IN OPERATING REVENUES
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UNB PROVINCIAL OPERATING GRANT CHANGE
University of New Brunswick
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UNB FREDERICTONFULL-TIME AND PART-TIMEUNDERGRADU
ATE ENROLMENT
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UNBFULL-TIME GRADUATE ENROLMENT
University of New Brunswick
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TUITION FEESMARITIME UNIVERSITIES 2003-04
University of New Brunswick
Based on Arts Program
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COMPULSORY ANCILLARY FEES(Includes Health with
Opt Out)
University of New Brunswick
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TUITION FEESMARITIME UNIVERSITIES2003-04
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AVERAGE UNDERGRADUATETUITION FEESPROVINCIAL
COMPARISONS
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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
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INFLATION12 months ended December 31, 2003
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UNBINCOME/EXPENSES SCENARIOS(Stable Enrolment)
University of New Brunswick
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UNBBUDGETED OPERATING EXPENSES2003-04 (131.6 M)
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UNBOPERATING EXPENSE COMPOSITION
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UNB FREDERICTON CAMPUSFACULTIES
DEPARTMENTS61.3 Million

• Salaries and Benefits
• 511 Academic Positions
• 200 Support and Technical Positions
• Day-to-Day Operating Expenses

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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
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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
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UNB FREDERICTON CAMPUS9.8 Million
Maintenance Utilities
University of New Brunswick
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UNB FREDERICTON CAMPUSEXPENSE COMPARISONS
TOMacLEANS GROUP2001-02
Instruction
University of New Brunswick
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UNB FREDERICTON CAMPUSEXPENSE COMPARISONS
TOMacLEANS GROUP2001-02
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Total Entrance/UndergraduateScholarships at UNB
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Scholarships, Bursaries, and Prizes Total Funds
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UNBGRAs, GTAs, UGTAsOperating
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UNBTotal Payments Made to Students
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UNB FREDERICTON CAMPUSEXPENSE COMPARISON
TOMacLeans Group2001-02
University of New Brunswick
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UNB FREDERICTONEXPENSE COMPARISONS TOMacLEANS
GROUP2001-02
University of New Brunswick
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OPERATING EXPENDITURES(per WFTE MacLeans)2003
Rankings
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UNBFINANCIAL POSITIONANNUAL NET OPERATING RESULT
University of New Brunswick
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University of New BrunswickFREDERICTON
CAMPUSPRO-FORMA FINANCIAL FORECASTS
(000S)(2004-05 Tuition Fee Increase equal to
2003-04)
University of New Brunswick
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University of New BrunswickFREDERICTON
CAMPUSFINANCIAL OUTLOOK FOR BASELINE
OPERATIONS( millions annual results)
University of New Brunswick
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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

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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

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University of New Brunswick BUDGET COMMITTEES
Board of Governors
Finance Committee
President
University Management Committee
Fredericton Committees
Saint John Committees
University of New Brunswick
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FREDERICTON BUDGET COMMITTEES
University of New Brunswick
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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

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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