Bachelor of Commerce (Digital Marketing) - Postsecondary ...

D. Financial Planning/Financial Condition (Policy D-05, D-10)
D.2 Financial Projections (cont’d)
h) Student Services - Activity that primarily supports the needs of students either with the
learning process or with student life. Examples include, but are not limited to, the Office of
the Registrar's, Counselling and Accessibility Services and Athletics. The 11 percent
increase in expenditures is attributable to increases in costs that are partially offset by
special purpose revenue and grant increases (e.g., increased revenue for International
students that offsets student health insurance costs). The 2012/13 budget also reflects a full
year of salary costs for those employees hired in 2011/12 as well as the annualized impact
of the Support Staff contract. Savings in 2011/12 are a result of the Support Staff strike.
The proposed budget complies with Board Policy D-05, which requires that expenditures
contributing to the learning process (Instructional Services, Instructional Support Services,
and Student Services) must total at least 70 percent of the College’s total expenditures
excluding Ancillary Services.
i) College Services - Activity that primarily serves the needs of the College as a corporation.
Examples include, but are not limited to, the Board of Governors, Development Office,
Human Resources and Financial Services. Costs to support the development of new
Customer Relationship Management software of over $200,000 along with a $100,000
increase to resources in the Development Office combined to contribute to the 9.5 percent
increase in these costs from 2011/12 to 2012/13. The 2012/13 budget also reflects a full
year of salary costs for those employees hired in 2011/12. Savings in 2011/12 are a result
of the Support Staff strike.
j) Ancillary Services - Activity that primarily provides a user-pay service at competitive rates
as a convenience to students, and in some cases the College. Examples include, but are
not limited to, the College Stores, the Residence and Parking Services. The 0.1 percent
decrease in expenditures is largely attributed to the absence of costs incurred in 2011/12 for
the fit up for the fourth London campus residence operation and a major parking lot renewal
project. These decreases are offset by associated expenditure increases attributed to the
addition of the fourth London campus residence with a full year of operation. The proposed
budget complies with Board Policy D-05, which stipulates that ancillary expenses shall not
exceed ancillary revenues.
k) Facility Services - Activity primarily associated with providing a physical working
environment conducive to education and training that is both safe and secure and is in
compliance with all applicable codes and regulations. Examples include, but are not limited
to facilities planning and development, maintenance, utilities, custodial services, and
security. Due to the constrained financial environment to be faced in 2012/13, fewer
operating dollars, compared to 2011/12, have been allocated to capital projects.
Appendix F.4 - Budget Unit Summary provides more detail with respect to expenditures
included in this plan.
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