We are thankful to be welcome on these lands in friendship. The lands we are situated on are covered by the Williams Treaties and are the traditional territory of the Mississaugas, a branch of the greater Anishinaabeg Nation, including Algonquin, Ojibway, Odawa and Pottawatomi. These lands remain home to many Indigenous nations and peoples.

We acknowledge this land out of respect for the Indigenous nations who have cared for Turtle Island, also called North America, from before the arrival of settler peoples until this day. Most importantly, we acknowledge that the history of these lands has been tainted by poor treatment and a lack of friendship with the First Nations who call them home.

This history is something we are all affected by because we are all treaty people in Canada. We all have a shared history to reflect on, and each of us is affected by this history in different ways. Our past defines our present, but if we move forward as friends and allies, then it does not have to define our future.

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Annual Budget Guidelines

Ontario Tech University 2023-24 Budget Guidelines
The following budget guidelines provide a common understanding and framework for the budget process:

a) All budgets and quarterly calendarization will be completed in the FAST Budget and Forecasting module.

b) The budget starting point for each unit is their 22/23 Base and approved 22/23 Base asks. Each unit will be allocated funds to cover fixed

     costs such as:

     i) 2023/24 salary increases*
     ii) 2022/23 In-Year approved hires

* Estimated salary increases for eligible full-time continuing employees are included in starting base budget based on estimates for each employee group (actual in-year salary increases for each employee compensation group are all subject to approval by Human Resources)

d) Payroll information, including employees and their respective annual salary, for academic and support staff continuing employees as well as employee costs charged by Durham College (DC) to Ontario Tech University, are included in the starting base budget.

e) Full-time salary budgets include all approved positions as of October 17, 2022. These are pre-loaded in each units Base budget.*

*Note that all full-time positions approved during the 22/23 fiscal year will be loaded as a pre-approved Base Ask.

f) Benefit expenses for employees, included in your Starting Base budget, are calculated as follows:

i) For employees on the Ontario Tech University payroll:

- 20.5% for full-time continuing employees, and
- 10% for limited term contract employees

g) For all areas that generate revenue, update the revenue and corresponding expenses required to generate revenue. All revenue generating units must submit a balanced budget unless approved by the VP, Administration.

h) All budget holders should review their budgets with their respective vice-president or delegate prior to submission of the budgets in the FAST Budget module by 5 p.m. on Friday December 16^th, 2022.