Hi all,
today SFU is starting a
series of consultations about the Medical School. This is likely the biggest initiative in the works at SFU, and I can understand the excitement. However, I would like to share a concern I have about the budget model for the Medical School. Basically, do the numbers add up? I did a rough estimate based on the information from the
December Senate minutes (p.6) and I'm getting a
deficit of $24M per year. Is there some further information that has not been shared in Senate?
If anyone is attending the consultation meeting today, I would be curious if they could ask about the budget model. I would attend myself but the
eventbrite page says "
This information session and discussion is now at capacity." Which seems strange for an on-line session actually.
- Cost per student per year: $200,000 (from KPMG report).
- Number of students: 480 (the March senate meeting gave a figure of 100-120 new students per year)
- total cost per year: $96M
On the income side:
- total grant per year: $60M (I assume this is what "costing" refers to)
- yearly tuition per student: $25K .
My own estimate, this is high if we want to ensure access. - total income per year: $72M
So the total deficit is $24M .
The minutes also mention $200M per infrastructure. I hope this will cover the costs of building the facilities but presumably cannot be used for operating expenses.
Regards,
--
Oliver
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