Budget Presentation

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 2 Introduction Slide 18% increase in graduates this year 14.3% increase in UG credit hours taught 187% increase in Grad credit hours taught 3 rd largest credit hours taught Largest 2 nd, 3 rd and 4 th year class sizes 0% real growth in budget over past decade $3.5 million budget shortfall in $4.4 million budget shortfall in

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 3 Historical Convocation Data (18% Increase this Year) YEAR Convocants

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 4 Historical Credit Hours Taught (18.6% Increase this year) YEAR Credit Hours Taught

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 5 4 YEARS OF ‘PROOF’ From 2002 to 2006, at the request of the VP Academic the Faculty of Business Administration has conducted 3 studies to support the position that the Faculty of Business Administration is Critically under funded. The key finding in each of the studies is that the Faculty of Business Administration fiscal gap is in excess of $2 million dollars.

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 6 Fiscal Gap ($ Millions) 2 YEARS AGO Average Cost Internal Benchmark Local Benchmark Three University Comparison U of R Average Cost Faculty of Education U of S College of Commerce University of Victoria Brock University University of Calgary Total Baseline Budget of eight UofR Faculties divided by total Chrs taught x URBus Chrs. 2005/2006 Baseline Budget of the Faculty of Education Published 2005/2006 Budget of the College of Commerce at the UofS Total budget of Faculty or School divided by total credit hours taught multiplied by URBus credit hours taught $5.34$5.94$5.10$5.77$5.90$16.90 Faculty of Business Administration 2005/2006 Baseline Budget $3.00 GAP GAP GAP GAP GAP GAP $2.34$2.94$2.10$2.77$2.90$13.90

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 7 Canadian Business School Budgets Canadian Business School Survey produced by AACSB International UniversityOperating Budget HEC Montreal$88,800,000 University of Toronto$50,903,677 University of British Columbia$42,420,000 Queen's University$40,000,000 University of Alberta$27,500,000 University of Calgary$25,000,000 University Laval$22,000,000 University of Ottawa$17,228,607 Simon Fraser University$16,400,000 Wilfrid Laurier University$15,300,000 University of Manitoba$11,398,571 University of Lethbridge$10,326,300 Brock University$10,112,007 Athabasca University$9,448,000 Memorial University of Newfoundland$7,658,689 Carleton University$5,000,000 Royal Roads University$3,555,740 University of Regina$2,989,000 University College of the Fraser Valley$1,600,000 Trent University$1,444,550

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 8 Canadian Business School Budgets 2001 Data on 40 Business School2005 Data on 21 Business School

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation Years of Operation Forecasts From the Comprehensive Budget Plan There is a strong case for the allocation of more funding to this faculty (Administration)………... The Faculty of Administration should not be left behind its counterparts. It should be noted in this connection that the rudimentary comparative information available about the equity of allocations to faculties suggests that Administration may be underfunded relative to other faculties…….. From the Operations Forecast “Ensuring the competitiveness of the Faculty with its counterparts at other universities will require additional resources through internal reallocation, increased tuition fees retained by the Faculty, or an injection of new funds.”

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 10 Most Recent Operation Forecasts From the Operations Forecast “Ensuring the success and competitiveness of the reconfigured Faculty of Business Administration requires additional resources. Preliminary assessment of the competitive situation of the Faculty vis-à-vis other business schools in Canada suggests additional resource needs of at least $500,000 over the next two years. From the Operations Forecast External reviews have determined that a number of key academic and administrative functions of the University of Regina are seriously under- resourced. The Faculty of Business of Administration operates with funding per student that is significantly less than is available to its peers elsewhere in Canada, including the University of Saskatchewan. Enrolments in its programs continue to grow at the undergraduate and graduate levels.

11 The Fiscal Gap is Increasing

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 12 Current Year Operating Budget divided by Current Year Discipline-weighted, CCE-adjusted SUFM FLEs ( FLE's are estimated) BUSINESS Engineering Social Work KHS Fine Arts Science Arts Education

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 13 % of Weighted CCE-Adjusted FLE Funding Received By EACH Faculty (Current Year FLE BY Current Year Operating Budget) FLE's are estimated Fine Arts Arts BUSINESS Education Science Social Work Engineering KHS

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 14 Implications Faculty members are now teaching one to three overload course(s) per year at the expense of their research. 3 rd and 4 th year classes have been capped at 45 students. Demand exceeds capacity by 30 to 50%. Even assuming a willingness of faculty members to continue to teach overload courses at the same rate we will NOT be able to staff fall and winter classes. We can not enter into any new partnerships or programs. We will not be able to meet the enrolment growth in undergraduate programs (7.6%) nor the enrolment growth in graduate programs (43.4%) this year ( ). The quality and quantity of our research, teaching and service is being negatively effected.

15 Budget Request

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 16 Faculty Revenue Generation $14 Million (direct faculty only as high as $26 million gross)

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 17 Operating Budget Request - UG Existing Positions Release the two positions that are being ‘held’ New Positions Five faculty positions to meet current UG demand Four faculty positions to meet UG demand Two faculty positions to enable offering Bus 100 demand Two APT advisor positions to meet first year student counseling demand Covert Technician 1 position to base budget

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 18 Operating Budget Request - Grad New Positions Create a Director (faculty) position Two faculty positions to meet Grad demand Two faculty positions to meet Grad demand One APT graduate student advisor One CUPE Staff position

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 19 Financial Requests Eliminate $100,000 ‘recovery’ charge to Faculty $38,200 equipment fund request $33,000 capital funding (Faculty is contributing $400,000 in capital funding in )

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 20 Total Request $1.2 Million in positions (1 directors, 15 faculty, 3 APT and 2 CUPE) $100,000 in new base funding (remove recovery) $71,200 in new one time funding Total Request: $1,371,200

Faculty of Business Administration 2007 – 2008 Budget Committee Presentation 21 Support Plan Fiscal Imbalance Stabilize Growth Support $500, $250,000 2 Years $750, Positions released Positions 2 Years 22 Positions ($2,000,000) Positions (3 APT & 2 CUPE) Positions Positions 3 Years 9 Positions Positions

22 Where to from here?