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The Vote Formula: Resource Allocation Methodology. Planning Division April 2011. What is the Vote Formula?. The College’s main mechanism for distributing general funds to the faculties (and the Business School)

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The vote formula resource allocation methodology

The Vote Formula: Resource Allocation Methodology

Planning Division

April 2011


What is the vote formula
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
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


2011 12 vote formula allocating the gross vote

Gross Vote £199M

2011-12 Vote Formula: Allocating the Gross Vote

The following four items are distributed to faculties

before the teaching and research formula are used

Research

Teaching

£17.9M

-

£0.8M

£3.6M

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)

-

£1.4M

£18M

£16M

Gross Vote remaining £141M

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

Teaching (56%)

£79M

Research (44%)

£62M

2008 RAE-active staff (Category A)

Student load (PGR)

Research grants and contracts exp. on staff

  • Student load (UG and PGT)

Volumes (i.e. activity)

  • Type of student (UG, PGT)

  • Teaching (own, service, export)

  • Subject

  • RAE quality weighting

  • Subject

Weightings


Infrastructure charge
Infrastructure Charge

  • Once the Gross Vote has been calculated, the next stage is to calculate each faculty’s share of the infrastructure charge (£101.5M) using three streams of information…

Business School

Natural Sciences

Medicine

Engineering

8%

3%

2%

4%

29%

24%

28%

30%

48%

32%

35%

24%

37%

37%

33%

24%

Student load

33.3%

Staff FTE

33.3%

Space

33.3%

Total


Where can i find out more
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 ([email protected]; ext. 47212)

    Jamie Collier ([email protected]; ext. 47266)


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