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.

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