| A | B | C | D | E | F | G | H | I | J | |
|---|---|---|---|---|---|---|---|---|---|---|
1 | Work Focused Learning unit's cost model | Stephen Powell, Bill Olivier & Richard Millwood July 2013 Estimates based on Ultraversity experience and actual proportions of admin staff at University of Bolton. These are steady state operational cost, additional costs for start up would be incurred. | ||||||||
2 | Function | Staff FTEs | Basic Salaries | On Costs | Salaries | Total | Estimates for Staff FTEs | UoB Staff | Comment | |
3 | Facilitation @ 25 students/FTE | 12.00 | £35,000 | 25% | £43,750 | £525,000 | 12.00 | based on Ultraversity (average salary) | ||
4 | Academic | 1.00 | £55,000 | £68,750 | £55,000 | 1.00 | based on Ultraversity | |||
5 | CPD | 0.40 | £55,000 | £68,750 | £22,000 | 1.00 | based on Ultraversity | |||
6 | Human resources | 0.30 | £30,000 | £37,500 | £9,000 | 0.30 | 9 | for 9,000 at Bolton | ||
7 | Finance | 1.00 | £35,000 | £43,750 | £35,000 | 0.53 | 16 | for 9,000 at Bolton | ||
8 | IS&T (development & support) | 1.00 | £30,000 | £37,500 | £30,000 | 0.73 | 22 | for 9,000 at Bolton, but more needed for WFL | ||
9 | Marketing and advertising | 1.00 | £30,000 | £37,500 | £30,000 | 0.40 | 12 | for 9,000 at Bolton, but more needed especially initially | ||
10 | Admissions | 0.20 | £30,000 | £37,500 | £6,000 | 0.20 | 6 | for 9,000 at Bolton | ||
11 | Student data management | 0.20 | £30,000 | £37,500 | £6,000 | 0.30 | 9 | for 9,000 at Bolton | ||
12 | Student services | 0.90 | £30,000 | £37,500 | £27,000 | 0.90 | 27 | for 9,000 at Bolton | ||
13 | QAE | 0.30 | £55,000 | £68,750 | £16,500 | 0.27 | 8 | for 9,000 at Bolton | ||
14 | Business development support | 0.20 | £40,000 | £50,000 | £8,000 | 0.07 | 2 | for 9,000 at Bolton | ||
15 | Management | 0.50 | £55,000 | £68,750 | £27,500 | 0.50 | 15 | for 9,000 at Bolton | ||
16 | sub-total | 19.00 | £797,000 | 9,000 | ||||||
17 | Infrastructure overheads | |||||||||
18 | Governance | £8,960 | x 4 meetings p/a @ travel=£150; Accom=£150; Food=£20 -> £320/head for 7 govnrs | |||||||
19 | Advertising Costs | £25,000 | materials and distribution | |||||||
20 | Staff computers | £12,667 | £2,000 depreciated over 3 yrs = £1,000 p/a | |||||||
21 | Office allowance for home working | £19,000 | £1000 p/a per worker, office, desk, chair, broadband, lighting, heating (or tax offset?) | |||||||
22 | Student learning resources (SCONUL etc.) | £25 | £7,975 | @ £25 per person, staff + students | ||||||
23 | Server infrastructure | £3,000 | Cloud-based - figure needs checking | |||||||
24 | Meeting costs | £19,380 | x 3 meetings p/a @ travel=£150; Accom=£150; Food=£40 -> £320/head for all staff | |||||||
25 | sub-total | £95,982 | ||||||||
26 | ||||||||||
27 | Total Costs | £892,982 | ||||||||
28 | Income | |||||||||
29 | Student Fees | £3,500 | annually | |||||||
30 | No. of Students | 300 | Expect drop out rate c.1/3rd, so initial cohort recruitment approx. 150 p/a | |||||||
31 | Total income | £1,050,000 | ||||||||
32 | ||||||||||
33 | Surplus/Loss | £157,018 | ||||||||
34 | ||||||||||
35 | Academic Staff Costs | 13.40 | £602,000 | |||||||
36 | Support Staff Costs | 5.60 | £305,000 | |||||||
37 | Ratio of Support to Academic Staff | 0.42 | 50.66% |