Skip to main content Skip to local navigation
Shared Accountability and Resource Planning (SHARP)
Home » Design Details

Design Details

Revenue (operating revenue only - FUND 200) is attributed to the Faculty or Unit that generates it using the same formula or simplified version through which the institution receives it. What cannot be attributed is allocated to the General University Fund (e.g. interest income).

Once attributed, Faculties contribute to the University Fund for strategic initiatives, contingency funds and tailored Faculty support and pay into shared service costs (e.g. Library, HR, Finance etc.) based on agreed upon cost drivers. An adjustment is also made for inter-Faculty teaching to create the net operating budget.

Revenue (operating revenue only - FUND 200) is attributed to the Faculty or Unit that generates it using the same formula or simplified version through which the institution receives it. What cannot be attributed is allocated to the University Fund (e.g. interest income).

Once attributed, Faculties contribute to the University Fund for strategic initiatives, contingency funds and tailored Faculty support, and pay into shared service costs (e.g. Library, HR, Finance etc.) based on agreed upon cost drivers. An adjustment is also made for inter-Faculty teaching to create the net operating budget.

Revenues will be directed to the Faculties or Units that generate them.  Inter-Faculty tuition and grant revenues for Double Major and Major Minor programs will be allocated to both Faculties. The total operating revenue received by the institution is categorized as follows:

Once attributed, Faculties and Units contribute a portion of their revenue to the University Fund for strategic initiatives, tailored Faculty support, and contingency funds.

Revenue generating areas (Faculties, School of Continuing Studies and Ancillary Services) are attributed their share of Shared Service costs. Shared Service costs have been grouped into 11 "cost bins", each cost bin is associated with one or more Shared Service unit. Each cost bin will have one or more service commitments associated with the Shared Service cost except for General Institutional. Service commitments will be defined through SHARP.

The net balance after contribution to the University Fund and Shared Service costs is the Faculty's Total Budget.

Further adjustments are made for Inter-Faculty teaching to form the net budget.