Drivers Table

Allocation Drivers - value update

REVENUE
Revenue Stream Current Driver 21/22 Budget 5 Month 21/22 Projections 8 Month 21/22 Projections 22/23 Budget 21/22 Actuals true up
Release Date: DeC 2020 Oct 2021 Dec 2021 Dec 2021 SEPT 2022
Tuition Pot value: Total Tuition received Driver X 20/21 tuition rates X projected inflation rates Driver X 21/22 tuition rates Driver X 21/22 tuition rates Driver X 21/22 tuition rates X projected inflation rates Actuals
Driver : Enrollment & Teaching Units 21/22 projected using Nov 1/20 actuals as base 21/22 projected using 20/21 actuals as base 21/22 projected using Nov 1/21 actuals as base 22/23 projected using Nov 1/21 actuals as base Actuals
Provincial Grant Pot value: Total MTCU 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 21/22 projected using Nov 1/20 actuals as base 21/22 projected using 20/21 actuals as base 21/22 projected using Nov 1/21 actuals as base 22/23 projected using Nov 1/21 actuals as base Actuals
Indirect Costs of Research Pot value: OH income earned Actuals 19/20 Actuals 20/21 Actuals 20/21 Actuals 20/21 Actuals
Driver: OH income Earned Actuals 19/20 Actuals 20/21 Actuals 20/21 Actuals 20/21 Actuals
Application Fees Pot value: UG application Fee revenue received Budget 21/22 5 Month 21/22 Projections 8 Month 21/22 Projections Budget 22/23 Actuals
Driver: # of UG applications received Sept 2020 OUAC Statistics Sept 2020 OUAC Statistics Sept 2021 OUAC Statistics Sept 2021 OUAC Statistics Sept 2021 OUAC Statistics
Short term Interest Pot value: Working Capital & Residual income received Budget 21/22 5 Month 21/22 Projections 8 Month 21/22 Projections Budget 22/23 Actuals
Driver: 3 year avg of Research & Operating balances Actuals 19/20 Actuals 20/21 Actuals 20/21 Actuals 20/21 Actuals 20/21
RIF rebate Pot value: 1 % of Framework Revenue Model Calc - Budget 21/22 Model Calc - 5 Mo 21/22 Model Calc - 8 Mo 21/22 Model Calc - Budget 22/23 Model Calc - Actuals 21/22
Driver: OH income Earned (some exclusions) Actual 19/20 Actual 20/21 Actual 20/21 Actual 20/21 Actuals
COSTS
Support Unit Current Driver 20/21 BUDGET 5 Month 20/21 Projections 8 Month 20/21 Projections 21/22 Budget 20/21 Actuals true up
Release Date: Dec 2019 Oct 2020 Dec 2020 Dec 2020 Sept 2021
Occupancy Costs Average NASM rate Actuals as of Dec/19 Actuals as of Dec/19 Actuals as of Dec/20 Actuals as of Dec/20 Actuals as of Dec/20
Bond Interest NASM Actuals as of Dec/19 Actuals as of Dec/19 Actuals as of Dec/20 Actuals as of Dec/20 Actuals as of Dec/20
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 19/20 Actuals 20/21 Actuals 20/21 Actuals 20/21 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 19/20 Actuals 20/21 Actuals 20/21 Actuals 20/21 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 19/20 Actuals 20/21 Actuals 20/21 Actuals 20/21 Actuals
University Advancement 3-year rolling average operating revenue  Model Calc - Budget 21/22 Model Calc - 5 Mo 21/22 Model Calc - 8 Mo 21/22 Model Calc - Budget 22/23 Model Calc - Actuals 21/22
UTS/ Technology Fund/ Museum of Art Total student FFTE and total employee FTE Student: 21/22 projected using Nov 1/20 actuals as base Student: 21/22 projected using 20/21 actuals as base Student: 21/22 projected using Nov 1/21 actuals as base Student: 22/23 projected using Nov 1/21 actuals as base Actuals
Employee: Actuals 19/20 Employee: Actuals 20/21 Employee: Actuals 20/21 Employee: Actuals 20/21 Actuals
Libraries Faculty FTE, Graduate student FFTE, Undergraduate FFTE Student: 21/22 projected using Nov 1/20 actuals as base Student: 21/22 projected using 20/21 actuals as base Student: 21/22 projected using Nov 1/21 actuals as base Student: 22/23 projected using Nov 1/21 actuals as base Actuals
Faculty: Actuals 19/20 Faculty: Actuals 20/21 Faculty: Actuals 20/21 Faculty: Actuals 20/21 Actuals
Student Affairs, MIIETL Total student FFTE (UG and Graduate) 21/22 projected using Nov 1/20 actuals as base 21/22 projected using 20/21 actuals as base 21/22 projected using Nov 1/21 actuals as base 22/23 projected using Nov 1/21 actuals as base Actuals
Research Administration 3-year rolling average research revenue awarded Actuals 19/20 Actuals 20/21 Actuals 20/21 Actuals 20/21 Actuals
Registrar, Undergraduate Scholarships and Bursaries UG student FFTE (with some student exclusions for UG Scholarships, Bursaries) 21/22 projected using Nov 1/20 actuals as base 21/22 projected using 20/21 actuals as base 21/22 projected using Nov 1/21 actuals as base 22/23 projected using Nov 1/21 actuals as base Actuals
School of Graduate Studies/ Graduate Scholarships Graduate student FFTE (with some student exclusions for Grad Scholarships) 21/22 projected using Nov 1/20 actuals as base 21/22 projected using 20/21 actuals as base 21/22 projected using Nov 1/21 actuals as base 22/23 projected using Nov 1/21 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