Faculty/Staff Recruits

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Presentation transcript:

UTM Proposed Operating Budget: Themes & Priorities Campus Affairs Committee November 10, 2014

Faculty/Staff Recruits Academic Plan Expenses Enrolment Reserves Debt Revenues Faculty/Staff Recruits Master Plan Space + Capital TIGHTLY-WOVEN

Financial Management The 4 Funds Operating Fund Capital UTM Restricted Funds Ancillary Operations

Relationship Between Four Funds Funds are segregated Most movements from Operating to Capital (via capital reserves) Minimal from Ancillaries to Operating historically Conference Services ($100k) Detailed Ancillary Budgets come to CAC in (January 8, 2015)

University Wide Expenses $33.0 UTM Net Revenue ($ Millions 2014-15) 5 University Fund $22.4 University Wide Expenses $33.0 Gross Revenue $224.7 Student Aid $9.8 Net Revenue $167.9 (75% of gross)

Major Expense Categories 6

Student to Faculty Ratio Experiential learning + other Initiatives 7 UTM Budget Priorities 2015-16 Enrolment growth Student Experience Student to Faculty Ratio Space Expansion Experiential learning + other Initiatives Faculty + Staff Searches

UTM Undergraduate Enrolment - Planned Growth 8

Priority: Enrolment Enrolment Growth + “Pause” Period 9 Enrolment Growth + “Pause” Period Domestic Growth Considerations Demographics + Western GTA Shifting Areas of Interest/Demand

Percentage of International in Total Registrants 2004-2014 10 20.0% 18.0% 17.3% 16.0% 14.0% 14.7% 13.7% 11.6% 12.0% 10.0% 8.0% 10.2% 8.5% 7.7% 6.2% 6.0% 5.7% 6.0% 4.0% 4.9% 2.0% 0.0% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014* *2014 data as of Sep 3

International Students by Country 11

Priority: International Students 12 Domestic/International Mix Now at 21.1% intake; 17.3% total Diversification Now at 61% to 66% single-source home country Base Budget & Vulnerability

Student:Faculty Ratio 13

Priority: Student:Faculty Ratio 14 Now highest across University: 35.8 Long-term target: 30.0 Target: 34 searches 2014-15 (21 “growth”) 35 searches 2015-16 (25 “growth”)

Priority: Faculty Recruitment Mix of Rank/Category Success Rate: 2011-12 = 85%; 2013-14 = 74% Search Costs; time and money Division Professoriate Teaching Stream Total Teaching % A&S 729.9 118.2 848.1 14% UTSC 220.9 93.0 313.9 30% UTM 237.1 62.4 299.5 21%

Related Recruitment Challenges 16 Renovations and Start-up Funding Teaching Space/FTE: 1.71 nasm (A&S 2.02) Rank 12th of 18 (within UofT) Research/Office Space/FTE Faculty 50.11 nasm (A&S 97.76) Rank 12th of 19 (within UofT) Capital Plan

Capital Plan Opened 2014/15 Deerfield Hall & Innovation Complex 17 Opened 2014/15 Deerfield Hall & Innovation Complex Underway Teaching/Research Laboratory Renovations Research Greenhouse Supporting Infrastructure Major Planned North2 (To open September, 2017)

Priority: Enhancing the Student Experience 18 Transition Programs Experiential Learning Active Learning Classrooms North2 + Davis Prototypes/Retrofit

Priority: Enhancing the Student Experience (2) 19 Flexibility for Academic Departments Base budget enhancements Range of initiatives (e.g. Science, Humanities, Social Sciences)

Academic Budget Review: 5-Year Plan (December 9, 2014) 20 Provost Assistant Provost Divisional Financial Officer Dean Vice-President University Operations Executive Director, P&B Manager, Academic Planning & Analysis Principal CAO