PROVINCIAL BUDGET IMPACT ON THE UNIVERSITY OF LETHBRIDGE (U of L)
February 11, 2010
The Provincial budget was announced on February 9, 2010. Senior Administration at the 免费福利资源在线看片 have begun having conversations with Advanced Education & Technology (AET) officials to determine the specific implications the Provincial budget will have on the operating budget of the 免费福利资源在线看片 of Lethbridge.
AET has changed the format of their budgeting for 2010-2011.
1. CONTINUING FUNDING
The base operating grant of the 免费福利资源在线看片 will be combined with all other operating funding, including newly established academic program funding.
The new operating funding, now called the Campus Alberta Grant, will be $94.6 million.
This is a 2.6% reduction from the funding for 2009-2010.
2. PROJECTED COST INCREASES
The 免费福利资源在线看片 must submit a balanced budget to the Province, for approval by the Minister of AET. With the decrease in the operating grant and the projected increases in expenditures for the upcoming fiscal year, the 免费福利资源在线看片 is projecting that there is a gap of $9 million in the 免费福利资源在线看片's budget.
In addition to the 2.6% reduction and from Campus Alberta Grant the 免费福利资源在线看片 must also fund:
- Projected operating expenditure increases, including increases in fixed costs, salaries and benefits, net of tuition fee increases ($4.3 million)
- New facilities operating expenses ($1 million)
- Program funding for already newly established academic programs previously approved by the Minister of AET ($1.2 million)
-------------
Operating Grant & Enrolment Planning Envelopes 2009-2010: $97.1 million
Campus Alberta Grant 2010-2011: $94.6 million
Reduction: -$2.5 million , or 2.6 per cent
Projected Cost Increases
Projected operating expenditure increases -- $4.3 million
Facilities operating expenses -- $1.0 million
Newly established academic programs -- $1.2 million
TOTAL: $9 million
3. ONE-TIME FUNDING
The 免费福利资源在线看片 will receive $1.7 million from AET in one-time restricted funding to assist with the reduction in operating funding.
Additional information will be distributed as it becomes available. Check for continued updates.
Dr. Bill Cade, President & Vice-Chancellor
