Estimated Funding Base for 1982/83

BROUGHT FORWARD 11,585 ,982

Extraordinary Item

Incremental operations cost due
to opening of New Westminster
Permanent Campus 936,996

Total estimated funding base for 1982/83

Expenditure Plan (expressed in 1981/82
dollars). $12,522,978

This base excludes - (1) operating capital as this will be
covered by the capital requirements for the new campus; (2) RAC
funding which is expected to be reduced for 1982/83; (3) impact
of inflationary lift provided by the Ministry; (4) impact of the
1982 faculty, staff, and administrators’ salary increases.

As information - the annualization and contractual commitments
represent a 9.0% increase over the 1981/82 Expenditure Plan while
the Extraordinary Item for the New Westminster Permanent Campus is
8.8%, thus giving a total increase of 17.8%.

It should be noted that in addition to the estimated funding
base the development of the 1982/83 Expenditure Plan will have to

take into account the priorities established by the College and
the Ministry of Education.

MHMorfey/gb
February 18, 1982.

= $$