Planning Assumptions for Budgeting - FY23
2022-23 Budget Aid – Expense & Endowment Income Planning Assumptions
The following rates are the current FY23 planning assumptions provided by the University Budget Office (UBO) and are intended for use in preparing FY23 financial forecasts and budgets. These planning assumptions may change during the year. Contact your H&S Finance liaison for updated UBO planning assumptions if using these rates after the FY23 budget planning cycle or during FY23.
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Grad Aid Rates |
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TA Salary - 50% (Minimum) |
$12,522 |
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TA Tuition Allowance 8-10 Unit |
$12,240 |
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RA Salary - 50% (Minimum) |
$12,054 |
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RA Tuition Allowance 8-10 Unit (60%) |
$7,344 |
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Fellowship Stipend (Minimum) |
$12,054 |
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Fellowship Tuition 8-10 Unit |
$12,240 |
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Full Tuition |
$18,829 |
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TGR Tuition |
$3,672 |
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Benefit Rates |
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Benefits - Regular Salaries |
28.70% |
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Supplemental Fringe (TGP only) |
1.60% |
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Supplemental Fringe (total) |
2.20% |
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Regular Benefits plus Fringe |
30.90% |
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Benefits - Casual/Temp Salaries |
6.90% |
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Benefits - Post Doc |
25.10% |
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Benefits - Students |
0.00% |
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RA/TA Salary Benefits Rate |
12.00% |
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Grad Stipend Health Insurance Rate |
12.00% |
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Cost Rise Rates |
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Lecturer Salary Scale |
4.50% |
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Staff Salaries-Casual |
4.50% |
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Staff Salaries-Student |
4.50% |
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Staff Salaries-Bargaining Unit |
3.50% |
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TA/RA Salaries |
2.00% |
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Tuition Allowance |
4.00% |
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Postdoc Salaries |
4.20% |
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Graduate Financial Aid |
6.57% |
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Non-Salary Expenses |
2.50% |
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Endowment Income Growth Rate |
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Student Aid |
11.00% |
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Non-Student Aid |
23.20% |
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