1. EFTSU, Funding and the RMIT University Budget
Statistics and Reporting Unit
12/4/2019

2. Overview - Current Process*
07/16/96
Overview - Current Process
Program load targets (profile) determine projected income on annual basis;
Government policies determine special targets and income (eg RTS);
Expected distribution of taught load determines teaching income distribution.
12/4/2019 *

3. EFTSU - Driven Income
COG income is based on an annual allocation, loosely related to the RFM;
SOG income is based on the OTTE pricing model;
Aust and Internat income is based on Program fees;
Other student related income includes VET enrolment fees;
International Offshore income is based on contracts.
12/4/2019

4. RMIT University Profile
Profile describes Program Based Load Targets
Maximum load and funding targets are set for Government funded load (COG, SOG);
Faculties determine the targets for Australian fee paying student load;
Faculties and RMIT International determine Int Load;
Agreed profile for is shown in OPIS.
12/4/2019

5. Broad Funding Allocations
New hybrid funding model for 2004;
Overheads are Calculated by FSG;
Other tagged income allocations eg disability go straight to operating area.
12/4/2019

6. Taught Load Estimate
Taught load (TL) is the EFTSU or SCH taught by the Department - course based load;
The distribution of taught load is related to the curriculum and to student elective choice;
The estimated TL is based on the profile and the previous year’s actual TL distribution;
Taught Load is adjusted for Industrial Experience.
12/4/2019

7. Taught Load Estimation Method
12/4/2019

8. COG Distribution Model
Taught load aggregated by discipline and program level;
Discipline cluster weights applied to give WEFTSU;
Total RMIT WEFTSU divided into Faculty total COG $ Allocation to give $per WEFTSU;
IE funded at 20%;
Information shown in OPIS and sent to Faculties with all budget data.
12/4/2019

9. RTS Funding COG research funding allocated separately;
RMIT Formula still used for all research funds;
Commencements not known until December so no allocation possible within budget timetable.
12/4/2019

10. SOG Distribution Model
OTTE Price weights used to calculate Faculty weight for current base profile (P);
Apprentice funding determined separately (L);
OTTE relative prices adjusted to fit RMIT program distribution each year.
12/4/2019

11. Full Fee Distribution Model
Income for each program calculated from profile and fee;
Income distributed according to unweighted taught load;
Estimates of income can be difficult due to cohort fee approach.
12/4/2019

12. Future Changes Higher Education – “Backing Australia’s Future” etc
TAFE – new strategic developments in OTTE
RMIT structural change, AMS, other …
12/4/2019

13. Information Sources Stats and Reporting: Roni McDowell x 54077
Chris van Zeyl x 4196
OPIS:
12/4/2019