© UNIVERSITY COLLEGE
~ of the FRASER VALLEY

Volume 12, Number 7

March 12, 1998

Additional FTEs may soften budget blow,
but tough year still expected

It’s a rite of spring at UCFV. With the
start of the fiscal year on April | just
around the corner, people start to worry
about the university college budget and
the impact it will have on their
department. The news has rarely been
rosy in recent years. Even when UCFV
was growing because of university
college expansion, it often faced shortfalls
in other areas because new FTEs were
tied to the degree programs

Well, the process has started again. A
budget committee, comprised of senior
management, an FSA representative, a
student representative, and UCC

representative, met recently to review a
set of assumptions drafted by the Finance
and Administration department.

People in charge of managing budgets
have also had the opportunity to submit a
one-page statement summarizing issues
the committee should consider, such as
enrollment levels, new activities, potential
revenue sources, and “must do” items.

The “number crunching” has begun, as
Finance and Administration compares
projected expenditures with known
revenues, and identifies gaps.

Management will review the
implications of the budget proposals

This year’s Shakespeare production, As You Like It, opens this Friday, March 13, with
previews Wednesday and Thursday. It continues through March 28. Pictured above:
Emily Stone (Rosalind), Richard Heaven (Touchstone) and Lesley Galbecka (Celia). Call

795-2814 for tickets.

before discussing them with the budget
committee and holding public forums.
Management will then prepare budget
recommendations and present them to the
UCFV Board in April.

In addition to the recently announced
extension of the tuition freeze in B.C.,
some of the “assumptions” that the
budget committee is working from
include:
¢ The monetary value assigned to

existing FTE (full-time equivalent

student spaces) will not increase, but
more FTE will likely be funded

(estimated two percent additional

FTEs system-wide). UCFV is

anticipating that some of the FTE

needed to make up the 1,110 FTE
originally promised for the
university-college expansion will be
allocated this year. UCFV and the

Ministry have informally agreed that

348 FTE would address this shortfall,

Please see next page

What’s making

Headlines?
Ministry urges balance... 2
Streifel gets flak..........4
Faculty File.............4
New folks/moves .........6
Fitness Challenge 2000... . 6
Marina Magnone obit. ee

Datelines.....0......:..10°