2019/20 Budget Consolidated Budget Senate – March 25, 2019
2019/20 Budget Presentation Outline • Budget Structure • Consolidated All-Funds Budget • Revenues and Expenditures • Expenditure by Portfolios • Conclusions and Future Budget Projections
2019/20 Budget Budget Structure OPERATING FUND: Funds for the day-to-day needs of TRU to support teaching and administration. 76% of the operating expenses are salaries & benefits CAPITAL FUND: Money used to fund campus infrastructure and maj or equipment purchases. ALL FUNDS ANCILLARY FUND: This fund captures all of TRU’s non-academic revenue generating Budget activities such as the Bookstore, parking, food services, etc. SPONSORED RESEARCH FUND: Funds restricted for externally funded research. SPECIFIC PURPOSE FUND: Includes Faculty PD funds; specific purpose funds and bursaries.
2019/20 Budget Consolidated All-Funds Budget
2019/20 Budget Consolidated All-Funds (000’s) 19/20 18/19 18/19 17/18 Budget Budget Forecast Year End (Draft) (Original) (to March 2018) Actual Revenue $233,460 $221,048 $229,651 $207,606 Compensation & Benefits (140,697) (124,177) (129,113) (119,275) Direct Expenditures (78,522) (72,418) (81,199) (74,144) Accounting Surplus (before $14,241 $24,453 $19,339 $14,187 endowments) Capital Spending (TRU funds) (34,942) (31,113) (32,525) (8,335) Reserve (Usage) / Contribution $(20,701) $(6,660) $(13,186) $5,852
2019/20 Budget Capital Spending Plan (000’s) Externally Project Total TRU Funded Funded Accounting Surplus $14,241 $24,442 $24,442 $0 Nursing Population & Health Building (NPH) 5,000 5,000 0 Upper College Heights Renovations 2,816 971 1,845 Maintenance, Improvements & Upgrades 880 880 0 Campus Design Public Realm 2,749 2,749 0 Furniture, Fixtures & Equipment 650 650 0 Solar Arrays 250 250 0 Books Total Planned Capital Spending $36,787 $34,942 $1,845 Drawdown of Reserves ($20,701)
2019/20 Budget Overall Budget Assumptions (000’s) 19/20 Budget (Draft) vs 18/19 Budget (Original) Revenues: ADD: Increase Operating & Other Grants $3,639 ADD: Increase Tuition – Domestic 1,329 ADD: Increase Tuition – International 4,598 ADD: Increase Lab and Course Fees 361 ADD: Increase Other Revenues 2,485 Increase in Revenues $12,412 Expenses: ADD: Increase Compensation (All Categories) $21,520 LESS: Vacancies Contingency Assumption (no change from 18/19) (5,000) ADD: Increase Direct Expenditures 2,304 ADD: Elimination Unspent Direct Expenditure Contingency 3,800 Increase in Expenditures $22,624 Anticipated Decrease in Revenue to Expenditures ($10,212)
2019/20 Budget Revenues and Expenditures
2019/20 Budget Consolidated Revenue Interest, Sales & Other Revenue: +7.74% 15% Provincial Grants: +7.4% Lab & Course 34% 5% Fees: +2.93% $233.5M Tuition +6.51% Grants (other): 4% 42% -14.84% Notes: • % within the pie represents that category’s percentage of all consolidated revenues • % increase/decrease in the legend labels represent changes from 18/19 budget (original) to 19/20 budget (draft)
2019/20 Budget Consolidated Revenue: Tuition Breakdown Int’l. Grad/OC: +42.67% Int’l. Grad/OL: -31.43% 0% 7% Int’l. UG/OL: +78.99% 5% Dom. UG/OC: +0.61% 28% $97.0M Dom. UG/OL: +10.99% Int’l. UG/OC: +1.56% 10% 47% Dom. Grad/OC: 1% +2.08% 2% Dom. Grad/OL: +12.61% Notes: • % increase/decrease in the legend labels represent changes from 18/19 budget (original) to 19/20 budget (draft)
2019/20 Budget Consolidated Expenditures Other: +21.23% 14.0% Amortization: +15.85% Operating 4.3% Supplies: +1.25% 3.6% Building, Equipment $219.2M 6.5% Operations & Maintenance: +12.05% 64.2% 7.4% Compensation & Professional Fees, Benefits: +13.30% Memberships & Contracted Services: -12.06% Notes: • % within the pie represents that category’s percentage of all consolidated expenditures • % increase/decrease in the legend labels represent changes from 18/19 budget (original) to 19/20 budget (draft)
2019/20 Budget Consolidated Expenditures: Compensation Breakdown Other: +152.50% Excluded (Salaries -3% & Benefits): 19% +15.96% TRUFA (Salaries & $140.7M 52% Benefits): CUPE +13.8% (Salaries & 25% Benefits): +15.24% Notes: • % within the pie represents that category’s percentage of all 7% consolidated expenditures • % increase/decrease in the TRUOLFA (Salaries legend labels represent changes from 18/19 budget (original) to & Benefits): +20.24% 19/20 budget (draft)
2019/20 Budget Consolidated Expenditures – Compensation and Benefits Faculty Tenure/Tenure Track Faculty Sessional/PTIC OL Faculty Members Support Excluded $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 17/18 Year End Actual 18/19 Forecast 18/19 Original Budget 19/20 Draft Budget
2019/20 Budget Consolidated Expenditures – Compensation Trend $150,000 $1,263 $140,000 $9,075 $483 $130,000 $8,446 $611 $120,000 $467 $7,562 $1,581 $34,379 $511 $1,020 $110,000 $7,049 $715 $5,801 $6,326 $32,349 $5,978 $100,000 $4,977 $28,965 $27,772 $90,000 $27,224 $26,925 $26,673 $26,361 $80,000 $70,000 $70,573 $60,000 $65,141 $60,358 $50,000 $57,490 $56,568 $54,357 $55,405 $53,398 $40,000 $30,000 $20,000 $25,407 $22,694 $21,779 $10,000 $20,510 $19,404 $19,276 $18,753 $18,264 $- 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Excluded TRUFA CUPE TRUOLFA Other Compensation
2019/20 Budget Expenditure by Portfolios
2019/20 Budget Expenditure by Portfolio (000’s) 2019/20 2018/19 2018/19 % 2018/19 Budget Budget Increase/Decrease Change* Forecast** *** (Draft) (Original) VP Academic and Provost Portfolio $115,241 $109,046 5.68% $111,871 $3,370 VP Admin and Finance Portfolio 30,036 28,669 4.77% 31,629 (1,593) 2,775 2,049 35.43% 2,802 (27) VP Advancement President Portfolio 6,642 5,811 14.30% 6,968 (326) TRU World 12,123 12,098 0.21% 12,688 (565) Institution 10,067 763 1219.40% 3,293 6,774 Non-Operating Funds 42,335 38,159 10.94% 41,061 1,274 $219,219 $196,595 11.51% $210,312 $8,907 Notes: *Comparing 2019/20 Budget to 2018/19 Budget **Forecasted to March 31, 2019 *** 2019/20 Budget increase/(decrease) over 2018/19 Forecast
2019/20 Budget Percentage of Expenditures by Portfolio Non-Operating Fund; +10.94% 19% Institutional; +1219.40% 5% $219.2M TRU World; +0.21% 5% President Portfolio; 3% +14.30% 1% Provost & 53% VP Advancement; +35.43% 14% VP Academic Portfolio; +5.68% VP Administration & Finance Portfolio; +4.77%
2019/20 Budget Vice-President Academic and Provost Portfolio (000’s) 2019/20 2018/19 2018/19 % 2018/19 Budget Budget Increase/Decrease Change* Forecast** *** (Draft) (Original) Faculty of Science $16,621 $15,511 7.16% $16,459 $162 School of Business and Economics 11,292 9,257 21.98% 11,266 26 Faculty of Education and Social Work 11,491 9,758 17.76% 10,925 566 School of Nursing 6,428 6,148 4.55% 6,054 374 Faculty of Adventure, Culinary Arts and Tourism 5,337 5,126 4.12% 5,472 (135) Faculty of Arts 12,159 11,455 6.15% 12,193 (34) Faculty of Law 4,428 4,103 7.92% 4,153 275 School of Trades and Technology 7,036 7,070 -0.48% 6,776 260 University Library 4,286 3,820 12.20% 3,995 291 Enrolment Services and University Registrar 7,433 7,049 5.45% 7,188 245 Faculty of Student Development 5,170 4,596 12.49% 5,382 (212) Office of Quality Assurance 1,236 567 117.99% 613 623 Research and Graduate Studies 1,546 1,897 -18.50% 1,517 29 Open Learning 14,935 14,344 4.12% 14,566 369 Williams Lake - Academic 3,594 3,203 12.21% 3,448 146 Regional 599 591 1.35% 712 (113) VP Academic and Provost 1,650 4,551 -63.72% 1,152 498 VP Academic and Provost Portfolio $115,241 $109,046 5.68% $111,871 $3,370 Notes: *Comparing 2019/20 Budget to 2018/19 Budget **Forecasted to March 31, 2019 *** 2019/20 Budget increase/(decrease) over 2018/19 Forecast
2019/20 Budget Vice-President Administration and Finance Portfolio (000’s) 2019/20 2018/19 2018/19 % 2018/19 Budget Budget Increase/Decrease Change* Forecast** *** (Draft) (Original) Environmental and Sustainability $2,345 $2,244 4.50% $3,240 ($895) Facilities 4,970 4,952 0.36% 6,152 (1,182) Athletics and Recreation 2,817 2,533 11.21% 2,891 (74) IT Services 7,381 6,374 15.80% 7,663 (282) Human Resources and Planning 2,592 2,571 0.82% 2,746 (154) Integrated Planning & Effectiveness 1,449 1,215 19.26% 1,446 3 Risk Management Services & OSEM 1,244 1,065 16.81% 1,258 (14) Finance and Procurement Services 4,515 4,388 2.89% 4,225 290 Internal Audit 202 198 2.02% 200 2 Williams Lake - Administration 1,131 1,386 -18.40% 1,135 (4) VP Administration and Finance 1,390 1,743 -20.31% 673 717 VP Admin and Finance Portfolio $30,036 $28,669 4.77% $31,629 ($1,593) Notes: *Comparing 2019/20 Budget to 2018/19 Budget **Forecasted to March 31, 2019 *** 2019/20 Budget increase/(decrease) over 2018/19 Forecast
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