Transcript Budget Presentation - April 5, 2016

2016-17 Budget Context
Senate
April 2016
11
University Budget Development Process
 Faculties and Divisions submitted budget
requests in January
 Several consultations undertaken in January,
February and March (townhalls, meetings with
various groups)
 Budget goes to Board of Governors’ for
discussion and decisions later in April
2
2016-17 Ryerson Budget:
Principles and Considerations

Budget will promote the 4 Academic Plan priorities
approved by Senate:
1. Enable greater student engagement and success through
exceptional experiences
2. Increase SRC excellence, intensity and impact
3. Foster an innovation ecosystem
4. Expand community engagement and city building

Principles guiding budget development:
1.
2.
3.
4.

Fairness and transparency
Priority on students
Forward looking
Flexibility to respond to changing fiscal circumstances
Balanced operating budget
3
Operating Revenues and Expenditures
Over 95% of Operating Revenue is based on enrolment
Grants +
Fees = 97%
Salaries +
Benefits = 80%
Nonsalary
16%
Benefits
13%
Revenues
Student
Aid 5%
Salaries
67%
Expenditures
4
Enrolment Strategy for 2016-17
 Undergraduate
• Maintain overall intake levels
• Launch 1 new program
 Graduate
• Aim to be at or slightly above the MTCU funding
ceiling
• Manage enrolment with introduction of 4 new
master’s programs and 2 doctoral programs
5
Changing Gears
 Drivers in future years
• Access
• Provincial Demographics
• Funding constraint
 Policy areas under review
• Funding formula
• Tuition fee policy
• Strategic Mandate Agreement negotiation
6
OSAP Transformation in 2017-18
 Ontario Student Grant (OSG)
• Single upfront grant – replaces
Ontario Tuition Grant, Ontario
Student Opportunity Grant,
Ontario Access Grant. Eliminate
tuition and education tax credit.
• Net billing – Students billed net
tuition after taking into account
student assistance (2018-19).
• Raise Ontario weekly
assistance levels – maximum
for individuals (from $155 to
$180); married and sole-support
parents (from $355 to $450).
• OTG-equivalent element of
OSG – no longer tied to years out
of high school.
Source: 2016 Ontario Budget: Budget Papers.
2016-17 Operating Budget Context
7
Projected Demographic Growth:
18-21 Population
110
108
106
104
102
GTA = +5%
Index, 2014 = 100
Index, 2014 = 100
100
98
96
Ontario = -4%
94
92
90
88
Non-GTA = -12%
86
84
82
80
Source: Ontario Ministry of Finance, 2014
8
Funding Formula Review: Potential
Implications beyond next year
 Cap on growth funding?
• What are the implications for enrolment
planning?
• What are the implications for new programs?
 Alternative measures to replace enrolment?
• Performance funding and performance
measurement
• Student experience and “outcomes lens”
9
Other Provincial Policies Under Review
 Tuition fee policy
• New policy required by 2017-18
• Issues of affordability, student assistance, net fees
 Strategic Mandate Agreement negotiation
• New SMA required for 2017-18
• Issues: funding formula, differentiation, financial
sustainability, performance measurement
10