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1 1 Budget Context for 2012-13 Townhall March 7, 2012 1.

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Presentation on theme: "1 1 Budget Context for 2012-13 Townhall March 7, 2012 1."— Presentation transcript:

1 1 1 Budget Context for Townhall March 7,

2 Public Policy Environment 2

3 Provincial Throne Speech  Add 60,000 new PSE spaces by : = 35,000 undergraduate and 6,000 graduate university spaces  Reduce the average tuition by $1,600 for full-time Ontario students in first-entry programs from families earning less than $160,000 per year where students are within 4 years of graduating from secondary schools (estimated 13,000 Ryerson students or $20M)  Three new undergraduate campuses  Balance provincial budget by  Spending not part of Government's current plan to come from savings realized elsewhere 3

4 Drummond Report – Fiscal Picture Slow economic growth Economy predicted to grow by 2% annually Ballooning Provincial deficit Current $16B provincial deficit will grow to $30B by without severe restraint Restructuring required Government services must be restructured to find efficiencies and still delivered required services Choices need to be made Be strategic, don’t make across-the-board cuts 4

5 Drummond Report – PSE 5 Contain Government Expenses  Grants: Increase 1.5% per year, but enrolment is expected to increase by 1.7% per year.  Tuition fee: Increase by 5% annually. Institutional Cost Efficiencies  Single PSE pension fund administrator  Enhance space utilization and year-round use  Compress four-year degrees into three years by continuing through the summer (8-term degrees)

6 Drummond Report – PSE 6 Rewarding quality  Recognize top-performing teachers and researchers with workload and rewards  Measure learning outcomes and value added through education  Tie funding to outcome quality indicators Differentiation (to improve quality & financial sustainability)  Multi-year mandate agreements  Strategic division of roles of college and university systems  Enforceable credit recognition system

7 MTCU’s “3 Cubed” Policy Discussion  Three-year undergraduate degrees Promote 6-term bachelors degrees (Drummond recommended fast-tracking 8-term bachelors degrees over three year)  Three full semesters per year Promote better use of physical facilities by having full use in Spring/Summer term  Three in five courses online courses Enable students to take up to 3 courses/semester online, guarantee credits recognized by all institutions  MTCU expects continuing productivity increases for 3 years 7 Source: CBC, Ontario universities urged to move more classes online, February 23, 2012.

8 University Operating Grant + Net Fees per FTE student by Province ( ) 8

9 9 Key Government Announcements  Provincial Budget (March 2012)  Strategic Mandate Agreements (?)

10 Ryerson’s Budget 10

11 11 Operating Revenues and Expenditures Expenditures Salaries + Benefits = 80% Revenues Grants + Fees = 98% Source: Ryerson University Budget, Schedule 3

12 Budget: Principles and Considerations  Budget will promote the 5 Academic Plan priorities approved by Senate  Principles guiding budget development: 1.Fairness and transparency 2.Priority on students 3.Forward looking 4.Flexibility to respond to changing fiscal circumstances  Balanced operating budget 12

13 Ryerson is Well Positioned  Strong demand for Ryerson programs 13

14 First Choice Secondary School Applications  % increase: Ryerson = +7.4% System = +2.0%  Absolute increase: Ryerson #1 = +645 System = +1,747  Total applications: Ryerson #2 All Choices Secondary School Applications  % increase: Ryerson = +6.7% System = +2.4%  Absolute increase: Ryerson #1 = +2,554 System = +9,339  Total applications: Ryerson #2 14 Strong Demand for Ryerson’s Programs in Fall 2012

15 15 Change in Total Applications from Secondary School, 2012 vs 2011 Source: OUAC

16 Ryerson is Well Positioned  Strong demand for Ryerson programs  New revenue generation ideas 16

17 Entrepreneurial Initiatives: Revenue Generation Ideas  New undergraduate programs (timing critical)  Professional masters  Post-degree certificates and diplomas  ESL program  Experiential semester in digital entrepreneurship and innovation  International student agreements  Others? 17

18 Ryerson is Well Positioned  Strong demand for Ryerson programs  New revenue generation ideas  Pension issues addressed 18

19 Pension Surplus/Deficit Without Change in Contribution Rate 19

20 Pension Surplus/Deficit With Change in Contribution Rate 20

21 Ryerson is Well Positioned  Strong demand for Ryerson programs  New revenue generation ideas  Pension issues addressed  No operating deficit 21

22 Budget Parameters for Operating Revenues+2.1% Operating Expenditures+5.1% Base Budget reduction -3.0% 22

23 23 Grants:0% Planned Base Budget Reduction Fees:5% Other Income:5% Operating Expenditures +5.1% = 3% Operating Revenue +2.1% Salaries – Step/Merit/PTR: Pension: Non-salary: Benefits: Salaries – Cost of Living: Previous year’s savings: Strategic reallocations: 1.8% 1.5% + 1.5% 4% 1.5% -1% 1% 8% Budget Parameters for

24 University Budget Development: Next Steps  Revenue and public policy Provincial budget (March)  Community consultations Townhalls Stakeholder consultations Faculty, school and department budget development 24


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