Drivers Table

Allocation Drivers - value update

REVENUE
Revenue Stream Current Driver 18/19 Budget 5 Month 18/19 Projections 8 Month 18/19 Projections 19/20 Budget 18/19 Actuals true up
Release Date: Dec 2017 Oct 2018 Dec 2018 Dec 2018 SEPT 2019
Tuition Pot value: Total Tuition received Driver X 17/18 tuition rates X projected inflation rates Driver X 18/19 tuition rates Driver X 18/19 tuition rates Driver X 18/19 tuition rates X projected inflation rates Actuals
Driver : Enrollment & Teaching Units 18/19 projected using Nov 1/17 actuals as base 18/19 projected using 17/18 actuals as base 18/19 projected using Nov 1/18 actuals as base 19/20 projected using Nov 1/18 actuals as base Actuals
Provincial Grant Pot value: Total MAESD funding received 16/17 midpoint funding plus projected Grad Expansion grant 16/17 midpoint funding plus projected Grad Expansion grant 16/17 midpoint funding plus projected Grad Expansion grant 16/17 midpoint funding plus projected Grad Expansion grant Actuals
Driver: WGUs registered in faculties 18/19 projected using Nov 1/17 actuals as base 18/19 projected using 17/18 actuals as base 18/19 projected using Nov 1/18 actuals as base 19/20 projected using Nov 1/18 actuals as base Actuals
Indirect Costs of Research Pot value: OH income earned Actuals 16/17 Actuals 17/18 Actuals 17/18 Actuals 17/18 Actuals
Driver: OH income Earned Actuals 16/17 Actuals 17/18 Actuals 17/18 Actuals 17/18 Actuals
Application Fees Pot value: UG application Fee revenue received Budget 18/19 5 Month 18/19 Projections 8 Month 18/19 Projections Budget 19/20 Actuals
Driver: # of UG applications received Sept 2017 OUAC Statistics Sept 2017 OUAC Statistics Sept 2018 OUAC Statistics Sept 2018 OUAC Statistics Sept 2018 OUAC Statistics
Short term Interest Pot value: Working Capital & Residual income received Budget 18/19 5 Month 18/19 Projections 8 Month 18/19 Projections Budget 19/20 Actuals
Driver: 3 year avg of Research & Operating balances Actuals 16/17 Actuals 17/18 Actuals 17/18 Actuals 17/18 Actuals 17/18
RIF rebate Pot value: 1 % of Framework Revenue Model Calc - Budget 18/19 Model Calc - 5 Mo 18/19 Model Calc - 8 Mo 18/19 Model Calc - Budget 18/19 Model Calc - Actuals 18/19
Driver: OH income Earned (some exclusions) Actual 16/17 Actual 17/18 Actual 17/18 Actual 17/18 Actuals
COSTS
Support Unit Current Driver 18/19 BUDGET 5 Month 18/19 Projections 8 Month 18/19 Projections 19/20 Budget 18/19 Actuals true up
Release Date: Dec 2017 Oct 2018 Dec 2018 Dec 2018 Sept 2019
Occupancy Costs Average NASM rate Actuals as of Dec/16 Actuals as of Dec/16 Actuals as of Dec/17 Actuals as of Dec/17 Actuals as of Dec/17
Bond Interest NASM Actuals as of Dec/16 Actuals as of Dec/16 Actuals as of Dec/17 Actuals as of Dec/17 Actuals as of Dec/17
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 16/17 Actuals 17/18 Actuals 17/18 Actuals 17/18 Actuals
HR Employee Programs Benefit Rate Reduction Estimate – based on: Actuals 14/15 Actuals 14/15 Actuals 14/15 Actuals 14/15 Actuals 14/15
Supplementary Pension Salaries of pensionable employee groups Actuals 16/17 Actuals 17/18 Actuals 17/18 Actuals 17/18 Actuals
Pension Special Benefit Rate Reduction Estimate – based on: Actuals 14/15 Actuals 14/15 Actuals 14/15 Actuals 14/15 Actuals 14/15
President/ University Secretariat/ General University/ Office of the Provost/ Administration (incl. Financial Affairs) 3-year rolling average operating expenditure Actuals 16/17 Actuals 17/18 Actuals 17/18 Actuals 17/18 Actuals
University Advancement 3-year rolling average operating revenue  Model Calc - Budget 18/19 Model Calc - 5 Mo 18/19 Model Calc - 8 Mo 18/19 Model Calc - Budget 19/20 Model Calc - Actuals 18/19
UTS/ Technology Fund/ Museum of Art Total student FFTE and total employee FTE Student: 18/19 projected using Nov 1/17 actuals as base Student: 18/19 projected using 17/18 actuals as base Student: 18/19 projected using Nov 1/18 actuals as base Student: 19/209 projected using Nov 1/18 actuals as base Actuals
Employee: Actuals 16/17 Employee: Actuals 17/18 Employee: Actuals 17/18 Employee: Actuals 17/18 Actuals
Libraries Faculty FTE, Graduate student FFTE, Undergraduate FFTE Student: 18/19 projected using Nov 1/17 actuals as base Student: 18/19 projected using 17/18 actuals as base Student: 18/19 projected using Nov 1/18 actuals as base Student: 19/20 projected using Nov 1/18 actuals as base Actuals
Faculty: Actuals 16/17 Faculty: Actuals 17/18 Faculty: Actuals 17/18 Faculty: Actuals 17/18 Actuals
Student Affairs, MIIETL Total student FFTE (UG and Graduate) 18/19 projected using Nov 1/17 actuals as base 18/19 projected using 17/18 actuals as base 18/19 projected using Nov 1/18 actuals as base 19/20 projected using Nov 1/18 actuals as base Actuals
Registrar/ Undergraduate Scholarships and Bursaries 3-year rolling average research revenue awarded Actuals 16/17 Actuals 17/18 Actuals 17/18 Actuals 17/18 Actuals
Registrar, Undergraduate Scholarships and Bursaries UG student FFTE (with some student exclusions for UG Scholarships, Bursaries) 18/19 projected using Nov 1/17 actuals as base 18/19 projected using 17/18 actuals as base 18/19 projected using Nov 1/18 actuals as base 19/20 projected using Nov 1/18 actuals as base Actuals
School of Graduate Studies/ Graduate Scholarships Graduate student FFTE (with some student exclusions for Grad Scholarships) 18/19 projected using Nov 1/17 actuals as base 18/19 projected using 17/18 actuals as base 18/19 projected using Nov 1/18 actuals as base 19/20 projected using Nov 1/18 actuals as base Actuals

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