INCOME
1. Key Budget Inputs - Recurrent Income
1.2 Student Profile and Revenue Targets
FACULTY 2006 TOTAL FEE TARGET
$ million
2006 FACULTY OUTCOME
$ million
2007 TOTAL FEE TARGET
$ million
2007 FACULTY OUTCOME
$ million
2008 TOTAL FEE TARGET
$ million
2008 FACULTY OUTCOME
$ million
2009 TOTAL FEE TARGET
$ million
2010 TOTAL FEE TARGET
$ million
2011 TOTAL FEE TARGET
$ million
Architecture, Building & Planning 14.111 15.015 16.300 18.222 17.122 18.339 17.790 18.914 21.741
Arts 30.663 27.706 29.300 29.262 28.830 30.099 30.434 30.015 29.785
Economics and Commerce 60.773 65.940 72.600 78.359 83.038 91.837 91.119 92.404 94.448
Melbourne Graduate School of Education 9.085 8.141 8.800 8.039 9.079 8.312 8.836 8.831 9.105
Melbourne School of Engineering 26.557 28.521 30.000 33.869 35.819 35.526 37.544 41.405 45.306
Melbourne School of Land & Environment 3.860 3.536 4.900 4.033 6.300 6.093 6.492 6.818 7.538
Melbourne Law School 23.331 23.298 24.600 25.290 25.720 28.034 26.500 28.200 33.023
Medicine, Dentistry and Health Sciences 45.346 49.942 54.500 56.051 64.582 61.193 60.116 59.546 60.901
Music 2.058 1.842 2.000 2.097 2.023 1.946 1.853 1.924 2.042
Science 24.496 21.425 23.100 22.309 23.261 22.679 26.001 28.042 27.635
Veterinary Science 5.720 5.973 7.600 6.890 8.533 8.508 9.753 11.369 13.313
Victorian College of the Arts 3.700 3.067 3.783 2.994 3.320 3.775 4.455
School of Graduate Research 0.800 0.324
246.000 251.338 278.200 287.812 308.088 315.560 319.756 331.242 349.291
MSGR load and revenue now in MSLE
Faculty and graduate school allocation is based on teaching load, i.e. the student load attributable to those subjects taught by each faculty and graduate school This is the target against which faculty and graduate school performance is monitored.
$ MILLION 2000 2002 2004 2005 2006 2007 2008 2009 2010 2011 212
Fee target ($ million) 92 139 212 235 246 278 308 320 331 349 389 Fee outcome ($ million) 93 142 201 223 252 288 313
Fee Revenue Targets 2009-2011
Fee Targets and Income 2000-2011
The University of Melbourne 2009-11 Triennium Budget
95
Funding Source 2008 Target 2008 Outcome ** 2009 Target 20010 Target 2011 Target Government Subsidised *
Undergraduate 17738 17621 1710 16755 15721
Other Postgraduate 230 214 198 236 234
Higher Degree Coursework 1520 1372 2420 3154 4386
Higher Degree Research (RTS) 2698 2529 2679 2697 2724
Postgraduate 4448 4115 5297 6087 7344
Sub-Total 22186 21736 7007 22842 23065
International
Undergraduate 6302 6703 6031 5420 4737
Other Postgraduate 215 214 197 190 194
Higher Degree Coursework 2254 2298 2652 2986 3511
Higher Degree Research 693 683 745 765 811
Postgraduate 3162 3195 3594 3941 4516
Sub-Total 9464 9898 9625 9361 9253
Australian Fee-Paying
Undergraduate 1359 1254 794 433 174
Other Postgraduate 1021 925 945 969 992
Higher Degree Coursework 1615 1718 1706 2049 2507
Higher Degree Research 7 2 1 0 1
Postgraduate 2643 2645 2652 3018 3500
Sub-Total 4002 3899 3446 3451 3674
Totals
Undergraduate 25399 25578 8535 22608 20632
Other Postgraduate 1466 1353 1340 1395 1420
Higher Degree Coursework 5389 5388 6778 8189 10404
Higher Degree Research 3398 3214 3425 3462 3536
Postgraduate 10253 9955 11543 13046 15360
Total 35652 35533 20078 35654 35992
* Government funding includes funds from Commonwealth and State Governments and includes load funded under the Research Training Scheme.
** 2008 Outcomes Preliminary 31 October figures.
*** Totals include Melbourne Business School, Melbourne Consulting and Custom Program and Unallocated
Student Enrolment Targets (EFTSL) by Funding Source
Commonwealth Funding
Faculty Total RTS
Target 2008
Total RTS Outcomes 2008 *
Total CSP Target 2008
Total CSP Outcomes 2008 *
Total RTS Targets 2009
Total RTS Targets 2010
Total RTS Targets 2011
Total CSP Targets 2009
Total CSP Targets 2010
Total CSP Targets 2011
Architecture, Building & Planning 50 51 932 786 59 63 67 918 977 1020
Arts 600 522 3723 3893 582 578 574 4143 4362 4249
Economics and Commerce 70 48 2235 2176 57 57 57 2232 2260 2200
Melbourne Graduate School of Education 220 197 1861 1912 202 201 201 1872 1764 1728
Melbourne School of Engineering 235 210 1518 1479 231 249 270 1421 1570 1599
Melbourne School of Land & Environment 95 96 902 782 99 100 100 701 680 711
Melbourne Law School 50 47 871 939 50 50 50 716 639 616
Medicine, Dentistry and Health Sciences 820 798 3540 3355 790 784 781 3343 3320 3434
Music 50 60 328 350 58 57 57 376 413 398
Science 375 361 2510 2354 392 388 391 2670 2819 2904
Veterinary Science 45 35 205 202 54 60 66 223 269 283
Victorian College of the Arts 85 96 777 759 100 103 105 880 931 1024
Melbourne Business School 3 8 0 6 6 6 41 99 144
School of Enterprise 0 0 0
Total (Excl Unallocated) 2698 2529 19401 18989 2679 2697 2724 19537 20103 20311
Excluding MBS/SE,MSGR,Unallocated 2695 2521 19401 18988 2673 2691 2718 19497 20004 20167
Fee Paying
Faculty
Total Fee- Paying Target 2008
Total Fee- Paying Outcomes 2008 *
Internatio nal Fee- Paying
Australian Fee- Paying Undergra d
Australian Fee- Paying Postgrad
Total Fee- Paying Targets EFTSU 2009
Total Fee Paying Targets EFTSL 2010
Total Fee Paying Targets EFTSL 2011
Architecture, Building & Planning 737 754 556 46 91 693 705 772
Arts 1637 1631 1033 120 442 1596 1488 1400
Economics and Commerce 3342 3604 2930 138 338 3405 3268 3136
Melbourne Graduate School of Education 533 470 346 6 107 459 438 430
Melbourne School of Engineering 1397 1374 1299 19 72 1389 1461 1533
Melbourne School of Land & Environment 288 277 190 4 67 261 265 278
Melbourne Law School 994 1039 403 175 384 962 964 1052
Medicine, Dentistry and Health Sciences 2284 2132 1378 175 449 2002 1886 1952
Music 122 114 63 6 32 102 99 100
Science 941 923 938 18 26 982 998 955
Veterinary Science 289 265 209 71 12 291 320 348
Victorian College of the Arts 229 181 68 16 112 196 209 233
Melbourne Business School 470 703 140 0 360 500 500 500
School of Enterprise 200 239 70 0 160 230 230 230
Total (Excl Unallocated) 13463 13705 9622 793 2652 13068 12831 12919
Excluding MBS/SE,MSGR,Unallocated 12793 12763 9412 793 2132 12338 12101 12189
2009 Fee-Paying Targets
Funded Load Targets (EFTSL) by Faculty and Funding Source 2008 and 2009, 2010, 2011
The University of Melbourne 2009-11 Triennium Budget
97
New Generation Degree Pooling
With the introduction of New Generation undergraduate degrees, the University seeks to ensure its budget model supports the objectives of cross-faculty teaching, co-operative governance, and high quality student support for all students. Therefore, since 2008, one half (50%) of all teaching revenue related to the six undergraduate NGDs plus the new B Eng has been pooled and redistributed to faculties on the basis of weights. In 2009, the weights are based on income per EFTSL projected to be received on average by each faculty respectively for CSP load. This combines the CGS and HECS components, and takes account of different CSP cluster funding rates within faculties as well as between faculties. CSP rates, because they are externally referenced at the national level, are argued to be a sound basis for setting pool funding weights.
Although a faculty may teach a relatively high proportion of fee-paying students in a given course, and therefore otherwise have a relatively high teaching income per EFTSL, if that faculty’s CGS + HECS funding rate is low relative to other faculties, then it will receive a lower funding rate from the pool.
For 2009, the faculty with the highest projected average CSP income is MSLE, at $22,270 per EFTSL. The faculty with the lowest projected rate is Law with $9,962 per EFTSL. This in effect means that MSLE is funded from the pool at a rate equivalent to 2.23 times that of Law, compared to a projected funding rate outside the pool of 1.36 times that of Law.
For the teaching load that is treated through the pooling, each faculty receives its weighted income per EFTSL based on the CSP average rate as explained above.
The table below shows the steps used to calculate the NGD Pool funding:
Teaching load is estimated
Average pre-pool funding per EFTSL is estimated (to produce an estimate of the total revenue being processed through the pool)
Each faculty’s average CSP funding per EFTSL is estimated, and this is used as the funding weight for each faculty in the pool.
The total revenue is divided between faculties based on their load and funding weight, respectively.
Total Load in Pool (50%)
Normal Funding Rate
Pool Funding Weight (CGS + HECS Rate for
faculty)
Intermediate Calc
Common unit price
Pool Funding Rate
Pool Result for Faculty
Impact of Pool
LFR 191 25375 24,463 4,672,479 1.20 29,476 5,629,870 783,330
ABP 245 19044 16,285 3,984,603 1.20 19,622 4,801,049 141,422
Arts 1279 14121 13,029 16,668,778 1.20 15,698 20,084,212 2,017,961
E&C 1088 18743 11,040 12,014,427 1.20 13,302 14,476,185 -5,921,812
Edu 29 13511 12,359 359,038 1.20 14,891 432,605 40,084
Eng 335 23669 21,496 7,196,632 1.20 25,901 8,671,223 747,297
Law 124 18184 10,906 1,356,417 1.20 13,141 1,634,347 -627,234
MDHS 330 18377 15,448 5,101,039 1.20 18,613 6,146,242 77,694
Mus 111 16060 15,476 1,711,155 1.20 18,648 2,061,771 286,077
Sci 992 21343 19,742 19,574,915 1.20 23,787 23,585,817 2,423,335
VetSc 0 0 0 0 1.20 0 0
VCA 14 16101 15,278 210,843 1.20 18,408 254,045 31,847
Total 4738 18527 160,244 72,850,326 18,527 87,777,364 0
0
This leads, for example, to an average funding rate at the low end for Law of $13,141 per EFTSL and at the high end for MSLE of $29,476 per EFTSL.
Based on this approach, each faculty’s budget is adjusted by an amount equal to the difference created through the pooling. At the high end, Science is projected to be
approximately $2.4 million better off, and the Faculty of Economics & Commerce is projected to be approximately $5.9 million worse off. These differences are the net result of fee mix proportions, CSP funding rates and the volume of students taught.