Drivers Table

Allocation Drivers - value update

REVENUE
Revenue Stream Current Driver 17/18 Budget 5 Month 17/18 Projections 8 Month 17/18 Projections 18/19 Budget 17/18 Actuals true up
Release Date: Dec 2016 Oct 2017 Dec 2017 Dec 2017 OCT 2018
Tuition Pot value: Total Tuition received Driver X 16/17 tuition rates X projected inflation rates Driver X 17/18 tuition rates Driver X 17/18 tuition rates Driver X 17/18 tuition rates X projected inflation rates Actuals 17/18
Driver : Enrollment & Teaching Units 17/18 projected using Nov 1/16 actuals as base 17/18 projected using 16/17 actuals as base 17/18 projected using Nov 1/17 actuals as base 18/19 projected using Nov 1/17 actuals as base Actuals 17/18
Provincial Grant Pot value: Total MTCU funding received Driver X 16/17 rates X projected inflation/deflation rates Driver X 17/18 BIU rates Driver X 17/18 BIU rates Driver X 17/18 rates X projected inflation/deflation rates Actuals 17/18
Driver: BIUs registered in faculties 17/18 projected using Nov 1/16 actuals as base 17/18 projected using 16/17 actuals as base 17/18 projected using Nov 1/17 actuals as base 18/19 projected using Nov 1/17 actuals as base Actuals 17/18
Indirect Costs of Research Pot value: OH income earned Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 17/18
Driver: OH income Earned Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 17/18
Application Fees Pot value: UG application Fee revenue received Budget 17/18 5 Month 17/18 Projections 8 Month 17/18 Projections Budget 18/19 Actuals 17/18
Driver: # of UG applications received Sept 2016 OUAC Statistics Sept 2016 OUAC Statistics Sept 2017 OUAC Statistics Sept 2017 OUAC Statistics Sept 2017 OUAC Statistics
Short term Interest Pot value: Working Capital & Residual income received Budget 17/18 5 Month 17/18 Projections 8 Month 17/18 Projections Budget 18/19 Actuals 17/18
Driver: 3 year avg of Research & Operating balances Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 16/17
RIF rebate Pot value: 1 % of Framework Revenue Model Calc - Budget 17/18 Model Calc - 5 Mo 17/18 Model Calc - 8 Mo 17/18 Model Calc - Budget 17/18 Model Calc - Actuals 17/18
Driver: OH income Earned (some exclusions) Actual 15/16 Actual 16/17 Actual 16/17 Actual 16/17 Actuals 17/18
COSTS
Support Unit Current Driver 17/18 BUDGET 5 Month 17/18 Projections 8 Month 17/18 Projections 18/19 Budget 17/18 Actuals true up
Release Date: Dec 2016 Oct 2017 Dec 2017 Dec 2017 Sept 2018
Occupancy Costs Average NASM rate Actuals as of Dec/15 Actuals as of Dec/15 Actuals as of Dec/16 Actuals as of Dec/16 Actuals as of Dec/16
Bond Interest NASM Actuals as of Dec/15 Actuals as of Dec/15 Actuals as of Dec/16 Actuals as of Dec/16 Actuals as of Dec/16
MIP Occupancy 1 MIP NASM Current Data Current Data Current Data Current Data n/a
MIP Occupancy 2 (B.Tech) Half Average MIP Rate Current Data Current Data Current Data Current Data n/a
Human Resources Operating, Research,RMA Employee FTE and 20% of Clinical Faculty FTE Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 17/18
HR Employee Programs Benefit Rate Reduction Estimate – based on: Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 17/18
Supplementary Pension Salaries of pensionable employee groups Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 17/18
Pension Special Benefit Rate Reduction Estimate – based on: Actuals 13/14 Actuals 13/14 Actuals 13/14 Actuals 13/14 Actuals 13/14
President/ University Secretariat/ General University/ Office of the Provost/ Administration (incl. Financial Affairs) 3-year rolling average operating expenditure Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 17/18
University Advancement 3-year rolling average operating revenue  Model Calc - Budget 17/18 Model Calc - 5 Mo 17/18 Model Calc - 8 Mo 17/18 Model Calc - Budget 18/19 Model Calc - Actuals 17/18
UTS/ Technology Fund/ Museum of Art Total student FFTE and total employee FTE Student: 17/18 projected using Nov 1/16 actuals as base Student: 17/18 projected using 16/17 actuals as base Student: 17/18 projected using Nov 1/17 actuals as base Student: 18/19 projected using Nov 1/17 actuals as base Actuals 17/18
Employee: Actuals 15/16 Employee: Actuals 16/17 Employee: Actuals 16/17 Employee: Actuals 16/17 Actuals 17/18
Libraries Faculty FTE, Graduate student FFTE, Undergraduate FFTE Student: 17/18 projected using Nov 1/16 actuals as base Student: 17/18 projected using 16/17 actuals as base Student: 17/18 projected using Nov 1/17 actuals as base Student: 18/19 projected using Nov 1/17 actuals as base Actuals 17/18
Faculty: Actuals 15/16 Faculty: Actuals 16/17 Faculty: Actuals 16/17 Faculty: Actuals 16/17 Actuals 17/18
Student Affairs, MIIETL Total student FFTE (UG and Graduate) 17/18 projected using Nov 1/16 actuals as base 17/18 projected using 16/17 actuals as base 17/18 projected using Nov 1/17 actuals as base 18/19 projected using Nov 1/17 actuals as base Actuals 17/18
Registrar/ Undergraduate Scholarships and Bursaries 3-year rolling average research revenue awarded Actuals 15/16 Actuals 16/17 Actuals 16/17 Actuals 16/17 Actuals 17/18
Registrar, Undergraduate Scholarships and Bursaries UG student FFTE (with some student exclusions for UG Scholarships, Bursaries) 17/18 projected using Nov 1/16 actuals as base 17/18 projected using 16/17 actuals as base 17/18 projected using Nov 1/17 actuals as base 18/19 projected using Nov 1/17 actuals as base Actuals 17/18
School of Graduate Studies/ Graduate Scholarships Graduate student FFTE (with some student exclusions for Grad Scholarships) 17/18 projected using Nov 1/16 actuals as base 17/18 projected using 16/17 actuals as base 17/18 projected using Nov 1/17 actuals as base 18/19 projected using Nov 1/17 actuals as base Actuals 17/18

Please note this Chart is mainly for valuation date, for more detailed Revenue and driver definitions please refer to your annual data packs and website
Program costing templates to be updated each December/ January
Should data be unavailable at the required point in time then the previous scenario's driver data will be used