Definition
Articles in collective agreements require certain pots of funds to be set aside to be used for specific purposes such as union training programs, employee accommodation costs, joint affirmative action committee funding, YUFA marketability adjustments etc. The costs in this bin are related to these commitments.
Cost Driver
Enhanced Fringe Benefit Overhead Rate as determined by collective agreements
Methodology
Adjust the Standard Fringe Benefit Overhead Rate to include collective agreement benefits by employee group (Faculties, Ancillary Units & Shared Services).
Definition
The University is currently required to fund Pension Solvency Payments, Other Post-Employment Benefits (OPEB) and an actuarial calculation for Pension Costs. The costs in this bin are intended to meet this requirement.
Cost Driver
Pensionable Salary Base of employee groups eligible for pension & post-retirement benefits
Methodology
Attribute costs based on pensionable salary base of eligible employee groups (Faculties, Ancillary Units & Shared Services).
Definition
The University waives the tuition of employees and their dependents when they are registered as students at York University and for incoming students in the exchange program.
The costs in this bin relate to the waived fees.
Cost Driver
Faculty and Ancillary unit share of population of employees (headcount) eligible for tuition waivers (faculty & staff)
Methodology
Attribute costs based on headcount population of eligible employees.
Definition
These are debts that relate to uncollected revenues from tuition fees, associate course fees, residence fees, meal plan fees, ancillary fees and student referenda fees (student accounts only).
Cost Driver
Ratio of uncollectable fees to total fees in defined bad debt generating categories (student accounts only)
Methodology
Attribute costs based on a 3-year rolling average (slipped two years), of the ratio of uncollectable fees to total fees in tuition (credit & non-credit) and associate course fees, student ancillary fees, student referenda fees, residence fees, and meal plan fees.
Definition
These include day care centre costs, pay equity, WSIB payments, external legal fees, banking services fees, liability insurance, institutional memberships, credit rating fees, false fire alarm charges, etc.
Cost Driver
Total Full Time Equivalents (FTEs) of students and faculty
Methodology
Attribute costs to Faculties based on their share of students and number of faculty, slipped two years defined as follows:
UG students: Fiscal Full Time Equivalents (FFTEs), Domestic and International
Graduate students: Annualized Full Time Equivalents (FTEs), Domestic and International
Faculty: Full Time Equivalents (FTEs), for full-time and part-time faculty
Definition
Capital Debt consists of General Institutional costs related to mortgage and interest payments.
Costs in the Capital Reserve Payment consist of General Institutional costs related to deferred maintenance and capital ripple renovation project amortizations.
Cost Driver
Capital Debt: Faculty share of assigned space in Net Assignable Square Metres (NASM) adjusted for funds raised by the Faculty
Capital Reserve Payments: Faculty share of assigned spaced (NASM)
Methodology
Capital Debt costs: Attribute costs to Faculties based on their share of assigned space adjusted to take into account funds raised and/or donations received toward the project(s).
Capital Reserve Payments: Attribute costs to Faculties based on their share of total assigned space (NASM).
Definition
These include centrally funded student scholarships and bursaries, including those administered by Student Services.
Cost Driver
Faculty student population defined as:
UG students: Fiscal Full Time Equivalents (FFTEs), Domestic and International
Graduate students: Annualized Full Time Equivalents (FTEs), Domestic and International
Methodology
Attribute costs to Faculties based on their share of Undergrate FFTEs & Graduate FTEs.