Genera]. Credit courses will be treated in the same way using
the most appropriate Career or University Transfer program
for model student category for the denominator.

General Interest courses which do not fit Career or University
Transfer programs will use a value of 20 in the denominator
which will be common to all Colleges.

For 1974 the "snapshot" FTE census will be taken as of
October 15 using the Formula described above.

This Formula is also applicable to Vocational programs but it
is not intended to make calculations in this area this year.

Starting next year all Colleges wili also report an annual
total FTE for the period September 1 to August 3l. Details
for this calculation remain to be worked out, but it is likely
that this semester will be used as the base unit. A joint
committee of College and Department of Education representa-
tives will be bringing forward a recommendation in the near
future for the Finance Formula. J. Doerksen will represent
Ckanagan College on this Committee.

The Department has accepted the concept that the Formula will
be tied to the FTE Formula and will thus be based upon contact
hours. It has also been agreed that plant cperation and
library will he treated as programs rather than separately
as initially proposed.
€
It is expected that budget preparation procedures and the
Formula will be tied together and that the Formula should
serve: 1. to provide an equitable allocation of funds
among the Colleges;
2. as a planning tool as well as fund allocation
devise;
3. to make possible valid comparisons of the
different Colleges;
4. to demonstrate the need for supplementary funds
when enrolment grows unexpectedly;
5. to demonstrate the need for fund reduction when
enrolment declines unexpectedly.

The Formula will possibly be similar to the following:

Grant = ke (E,W) + EW, + E,W, tee yee ee mee

k - a constant related to the size of the institution
in terms of the number of students served.

c - cost per unit of instruction. This would be based
on historical costs and subjected to a "cost-of-
living adjustment" each year.

E - projected FTE by program category.