Presidents workshop 01.2012

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Presentation to the Canadian Association of University Teachers' Presidents Workshop on January 15, 2012. Overview of university and college finances in Canada for 2012

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Presidents workshop 01.2012

  1. 1. University and College Financial Outlook, 2012 CAUT President’s Workshop David Robinson Associate Executive Director [email_address] January 15, 2011
  2. 2. Overview <ul><li>The fiscal and economic climate </li></ul><ul><li>Key PSE revenue drivers: </li></ul><ul><ul><li>Federal cash transfers & provincial operating grants </li></ul></ul><ul><ul><li>Sponsored research funding </li></ul></ul><ul><ul><li>Enrolment </li></ul></ul><ul><li>Key PSE expenditure drives: </li></ul><ul><ul><li>Focus is on salaries, but this hasn’t been a major cost driver </li></ul></ul>
  3. 3. Fiscal and Economic Climate
  4. 5. Net gov’t debt (% of GDP)
  5. 6. Government deficits, 2011 (% of GDP)
  6. 7. Net debt as % of GDP
  7. 8. Budgetary balance as % of GDP
  8. 9. And now the bad news <ul><li>Weakening economic outlook, but austerity not counter-cyclical stimulus is the order of the day </li></ul><ul><li>Federal gov’t to limit total program spending growth to 2.2% per year </li></ul><ul><li>Total $15 billion in cuts over 4 years ($4 billion more than anticipated) </li></ul><ul><li>And….continuing global economic uncertainty </li></ul>
  9. 10. Weakening growth
  10. 11. Fiscal impact <ul><li>Decline of $10 billion (0.5%) of nominal GDP = drop of approx. $1.5 billion in federal revenues </li></ul><ul><li>2012 forecast downward revisions = approximately $4 billion in reduced revenues </li></ul><ul><li>What impact on PSE finances? </li></ul>
  11. 12. Uneven exposure to Euro crisis
  12. 13. University Revenues
  13. 14. Federal PSE Cash Transfers ($ billions)
  14. 15. Federal PSE Cash Transfers (% of GDP)
  15. 16. University Revenues, $2008
  16. 17. Operating Revenues, $2008
  17. 18. Operating Revenues ($2008)
  18. 19. University enrolments 2010-11 (% change) Undergraduate Graduate Canada 3.6 4.0 NF and Labrador 0.7 4.8 PEI 3.0 17.6 Nova Scotia 3.4 6.2 New Brunswick 1.0 1.9 Quebec 4.4 3.2 Ontario 3.8 3.6 Manitoba 1.8 1.0 Saskatchewan 1.8 6.6 Alberta 2.8 4.4 British Columbia 4.5 5.8
  19. 20. Research Funding
  20. 21. Federal research grants, $2008
  21. 22. Sponsored research funding, $2008
  22. 23. Federal Research Funding Granting Council Base Funding, 2007-2012 (constant 2010 dollars, millions) 2007-08 2008-09 2009-10 2010-11 2011-12 % change (2007-12) SSHRC 383.7 358.1 350.4 342.5 342.6 -10.7% NSERC 1057.9 1051.8 1070.6 1050.7 1044.8 -1.2% CIHR 1017.8 989.8 1001.8 980.8 976.3 -4.1% Indirect Costs 327.8 335.7 330.9 322.4 325.9 -0.6% Total 2787.2 2735.4 2753.6 2696.4 2698.6 -3.2%
  23. 24. University Expenditures
  24. 25. Academic rank salaries as % of operating expenditures
  25. 26. Operating expenditures by category (% of total)
  26. 27. % change in op. expenditures, 1998-2009
  27. 28. Net balances FY 2009 ($000s)
  28. 29. Long-term debt per FTE student
  29. 30. Expendable resources per FTE student
  30. 31. Some concluding thoughts <ul><li>Wide variation in financial health of institutions </li></ul><ul><li>Governments and employers using the broad fiscal and economic climate to push austerity and roll-backs </li></ul><ul><li>Need to really investigate the fine print of your institution’s specific financial situation based on the broad range of drivers: operating grants, tuition revenues, debt, and expenditure choices </li></ul>
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