Summary Presentation 2010-11VF (Oct 10) - Workspace
The Vote Formula:
Resource Allocation Methodology
Planning Division
October 2010
What is the Vote Formula?
• The College’s main mechanism for distributing general funds to the faculties (and the Business School)
• Most (but not all) income from HEFCE and from fees that the
College receives is distributed to faculties through the Gross
Vote Formula
• Some of that resource is retrieved through the Infrastructure
Charge mechanism to fund the College’s support services
The Vote Formula
• Each Faculty (and the Business School) receives a Net Vote allocation
• This consists of its share of the Gross Vote
Gross Vote = T + R + c + s + o + p less its share of the Infrastructure Charge
Net Vote = Gross Vote – Infrastructure Charge
2010-11 Vote Formula: Allocating the Gross Vote
Gross
Vote £192M
The following four items are distributed to faculties before the teaching and research formula are used
HEFCE funding for charity funded research (c stream)
HEFCE funding for strategically important and vulnerable subjects (s stream)
100% premium element (premium fee less standard fee) (p)
25% standard overseas fees (o)
Research
£17.6M
-
£0.4M
£3M
Teaching
-
£1.5M
£16M
£15M
Gross Vote remaining £139M
The Gross Vote is then split between R and T using the “R:T ratio”
These amounts are distributed via the Research and Teaching formula using weightings and volumes
Volumes (i.e. activity)
Weightings
Research (45%)
£63M
Teaching (55%)
£76M
1.
2008 RAE-active staff
(Category A)
2.
Student load (PGR)
3.
Research grants and contracts exp. on staff
1.
RAE quality weighting
2.
Subject
1.
Student load
(UG and PGT)
1.
Type of student
(UG, PGT)
2.
Teaching
(own, service, export)
3.
Subject
Infrastructure Charge
Once the Gross Vote has been calculated, the next stage is to calculate each faculty’s share of the infrastructure charge (£99M) using four streams of information…
8%
3%
25%
21%
29%
4
% Business School
28%
Natural Sciences
31%
32%
58% 35%
Medicine
24% 48%
37%
Student load
34%
24%
20%
Staff FTE
16%
RG&C staff exp 12%
37%
Space
38%
33%
Engineering
Total
Where can I find out more?
On the Planning Division website: www.imperial.ac.uk/planning/strategy/resourceallocation
By contacting the Planning Division:
Carole Hobden ( c.hobden@imperial.ac.uk
; ext. 47212)
Jamie Collier ( j .collier@imperial.ac.uk
; ext. 47266)
