The Vote Formula Imperial College’s Resource Allocation Methodology Carole Hobden Planning April 2010.

Slides:

Advertisements

Similar presentations

Key Issues for University Engineering Prof Helen Atkinson FREng Head of Mechanics of Materials University of Leicester.

Advertisements

Introduction to HESES12 tables London 20 September 2012 Corinna Chandler.

DIVISION OF REVENUE BILL VOTE 16: HIGHER EDUCATION AND TRAINING Presentation to Select Committee on Appropriations 5 March 2010.

EPC Congress 2005 Research Funding Paul Hubbard Head of Research Policy, HEFCE.

Funding Models & Guidance Championing Young People’s Learning.

The University of Edinburgh Resource Allocation Model.

Distribution of Performance- based Funding to CASS 2008 ANU COLLEGE OF ARTS & SOCIAL SCIENCES.

Scottish Funding Council Funding of colleges in Scotland May 2011.

Comparative student and staff numbers. Total student numbers (fte)

UQ’s Budget Contribution Model An Overview VC Forum Head of Schools Workshop September 14, 2012.

Managing research with Full Economic Costing (FEC) John Green January 2006 For dissemination by Faculty Operating Officers to Faculty Administration meetings.

Socioeconomic impact of Wharton County Junior College.

The New RASCAL Model Resource Allocation System and Cost Apportionment at Loughborough (RASCAL) 25 April 2012.

The Vote Formula Imperial College’s Resource Allocation Methodology Carole Hobden Planning April 2010.

Communicating the outcomes of the 2008 Research Assessment Exercise A presentation to press officers in universities and colleges. Philip Walker, HEFCE.

1 The FY 2006 Budget Request and Future Impacts Strategic Planning Study Session January 20, 2005.

The Vote Formula: Resource Allocation Methodology Planning Division October 2010.

Mutual Funds and Other Investment Companies Chapter 4.

Financial Outlook 2013/14 Tom Wale - PRAS Helen Knight - Finance.

London Metropolitan University Financial Benchmarking Project 2009/10 23rd March 2011.

Manoa Budget Committee Update Kathy CutshawFebruary 18, 2015.

FE Funding in Turbulent Times – Winners and Losers Mick Fletcher.

Full Economic Costing and Pricing – Latest developments John Newton - National Co-ordinator for Costing and Pricing JCPSG.

Northumbria University Where does the money come from & how is it spent? David Chesser DVC & FD 1.

Budget Briefing 2011/12 Catherine Whalley - PRAS Stephen Purbrick - Finance.

School of Social Sciences Research Costing / Recovery of Overheads Mary White – Senior Management Accountant 23 February 2010.

Project:“Support to the Internationalization of Kosova Higher Education System through establishment of the Kosova Students’ Union” Status Quo on Student.

Analysing college and university finances UCU training Stephen Court UCU senior research officer.

Income Distribution Model (IDM) Review Jeremy Lindley.

1. 2 Implementation of Grants on a Full Economic Cost Basis John Wand.

Research Assessment Exercise RAE Dr Gary Beauchamp Director of Research School of Education.

Delivering clinical research to make patients, and the NHS, better Finance in CRN: North Thames: Research Capability Funding, the receipt and distribution.

Campus Forum: Resource Allocation at UKZN in 2008 Glen Barnes Director, Management Information (for the Budget Working Group)

Prepared by the Office of Grants and Contracts How to Read Your Monthly Grant Budget Reports…

April, 2005 Texas Public University Cost Study. April, 2005 Charge To develop a defensible and acceptable “Instruction and Operations Formula” Matrix.

DIVISION OF REVENUE BILL VOTE 16: HIGHER EDUCATION AND TRAINING Presentation to Standing Committee on Appropriations 26 February 2010.

Professor David Eastwood Review of the year and the future direction of higher education Chief Executive Higher Education Funding Council for England.

Consistent distribution of revenues and costs Distribute revenues to units Units pay for all the costs associated with their programs Eliminate the “General.

Costs of Central Services 1 T HE P AST : T RYING TO LOOK THROUGH DEEPLY TINTED GLASS U NIVERSITY F INANCIAL M ODEL Personnel Costs Endowment Income Actual.

Information Services The JCPSG case study BUFDG Full Economic Costing Seminars December 2004 / January 2005.

THE UNIVERSITY OF ARIZONA | ELLER COLLEGE OF MANAGEMENT RCM BUDGETING AT THE UNIVERSITY OF ARIZONA OCTOBER 5, 2015.

Purpose of the Budget Formula To provide simple, reasonable, and fair distribution of a base budget to all University of Montana divisions. To provide.

College of Education Faculty Meeting April 19, 2013.

“Statistics: A Driving Force in the Funding of Further and Higher Education” by David Wann Deputy Chief Executive and Director of Funding for SFEFC and.

Lancashire Schools Forum School Budget 2015/16, including Recommendations from Chairman’s group on 12 January 15 January 2015.

FS&N School Staff Meeting July, Agenda 1.Apologies 2.Minutes of Last Meeting. 3.Matters Arising 4.HoS’s Statement 5.Safety 6.Items from Student.

The University of Texas – Pan American HEAF Background, Model, Issues and Possible Strategies to Consider.

Heads & Managers Forum Finance Update 22 April 2016.

FS&N School Staff Meeting October, Agenda 1.Apologies 2.Minutes of Last Meeting. 3.Matters Arising 4.Terms of Reference 5.HoS’s Statement including.

UCISA AGM 2012 Treasurer’s Report 14 th March 2013 Colin Addy University of Wolverhampton.

Induction Programme Deans and Heads of Departments

Enrollment Formula Funding and Outcomes Funding

Current R& KE Issues David Sweeney

Average Published Charges (Enrollment-Weighted) for Full-Time Undergraduates by Sector,

ABS Load & Financial Contribution Model

FY18 Budget Planning Council Orientation

Mutual Funds and Other Investment Companies

Mutual Funds and Other Investment Companies

Mutual Funds and Other Investment Companies

Fiscal Management.

Mutual Funds and Other Investment Companies

at the University of Virginia

Support for Heads of Department and Departmental Managers

Handling complex pricing and payments in a competitive market

Faculty/Staff Recruits

Business Center Workshop I Introduction to Accounts & Reports

Funding the full economic costs of research

Faculty R & D Grant Applications: Fall 2016 – Fall 2018

Using ecuBIC to Track PI F&A Fund Balance

EFTSU, Funding and the RMIT University Budget

Presentation transcript:

The Vote Formula Imperial College’s Resource Allocation Methodology Carole Hobden Planning April 2010

What is the Vote Formula? The College’s main mechanism for distributing general funds to the faculties (and the Business School) Most (but not all) income from HEFCE and from fees that the College receives is distributed to faculties through the Gross Vote Formula Some of that resource is retrieved through the Infrastructure Charge mechanism to fund the College’s support services

The Vote Formula Each Faculty (and the Business School) receives a Net Vote allocation This consists of its share of the Gross Vote Gross Vote = T + R + c + s + o + p less its share of the Infrastructure Charge Net Vote = Gross Vote – Infrastructure Charge

Vote Formula: Allocating the Gross Vote HEFCE funding for charity funded research (c stream) HEFCE funding for strategically important and vulnerable subjects (s stream) 100% premium element (premium fee less standard fee) (p) 25% standard overseas fees (o) £17.6M - £0.4M £3M - £1.5M £16M £15M The Gross Vote is then split between R and T using the “R:T ratio” These amounts are distributed via the Research and Teaching formula using weightings and volumes Research (45%) £63M Teaching (55%) £76M The following four items are distributed to faculties before the teaching and research formula are used Gross Vote £192M Volumes (i.e. activity) RAE-active staff (Category A) 2.Student load (PGR) 3.Research grants and contracts exp. on staff Weightings 1.RAE quality weighting 2.Subject 1.Student load (UG and PGT) 1.Type of student (UG, PGT) 2.Teaching (own, service, export) 3.Subject ResearchTeaching Gross Vote remaining £139M

Once the Gross Vote has been calculated, the next stage is to calculate each faculty’s share of the infrastructure charge (£99M) using four streams of information… Business School Natural Sciences MedicineEngineering

Where can I find out more? On the Planning Division website: By contacting the Planning Division: Carole Hobden ext. Jamie Collier ext.