Operational Plan And Budget Template Page 8
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342015–2016 Operational Plan and Budget
Compensation is budgeted to accommodate 675 FTEs. Budget assumptions, as a percentage
of base salaries, include
A 13.85% benefits factor for employer statutory deductions and flexible benefits plan;
The pension expense included in the operating budget (15%) represents the accounting
expense for the CIHI Pension Plan up to December 31, 2015 (calculated per GAAP and
management’s best actuarial assumptions estimate, including the estimated prescribed
discount rate), as well as the accounting pension expense for CIHI’s estimated participation
(9.8%) in the Healthcare of Ontario Pension Plan (HOOPP), the British Columbia Municipal
th
Pension Plan and the Group RRSP for the 4
quarter. External consultants are reviewing
the accounting treatment of the pension expense of the CIHI Pension Plan to ensure it
complies with the new accounting standard which came into effect April 1, 2014 and are
determining the impact, if any, of the wind-up of the CIHI Pension Plan. As a result, the 15%
pension expense budgeted for April 1 to December 31, 2015 may change as more
information becomes available.
A 1% provision for a cost-of-living adjustment applied to pay scales and incumbent salaries;
An allowance of up to 3% for performance administered within the parameters of the
Performance Management Program (PMP); and
An attrition/vacancy factor of 5.5%, reflecting anticipated staff turnover.
Refer to Appendix A for management’s organizational structure and profile. Of note, executive
and management staff combined represent approximately 11% of all staff, which compares
favourably with other organizations.
Operating expenses and resource allocations by core function are presented in the table
2015–2016 Operating Budget: Expenses/Staffing by Core Function. The core function more
and better data accounts for $38.9 million of the operating expenses, while the other two
core functions, relevant and actionable analysis and improved understanding and use,
account for $24.2 million and $39.0 million, respectively. For 2015–2016, the total indirect
i
costs
allocation is $37 million, representing approximately 35% of the operating budget.
Finally, the operating budget includes a corporate provision of $250,000 to respond to emerging
issues and to offset year-end budget adjustments.
i. Indirect costs include corporate functions such as human resources, finance, procurement, administration, facility management,
libraries, distribution services, information technology support, telecommunications, planning and project management, privacy
and legal services, communication, publishing/translation services, executive offices and Board secretariat.
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