Finance and Fees
Finances and fee breakdown
The OUAC’s annual operating budget of $8 million is derived from application service fees and contract services revenue. Approximately 80% of the fee collected from undergraduate applicants is transferred to the universities in support of their admissions services. Last fiscal year, the OUAC transferred $31.5 million (net of university supplemental and transcript fees) to the universities. In addition, $15.7 million of the supplemental and transcript fees from the last fiscal year, for both the professional and undergraduate divisions, were transferred to the universities in support of their admissions processing costs.
Summary of OUAC Expenses and Transfers to the Universities 2011-2012
(Excludes supplementary and transcript fees):
80% Transferred to the universities
20% OUAC expenses, divided as follows:
- 13% Salaries/Benefits
- 2% General Administration
- 2% Facilities
- 2% Communications
- 1% Computers/Office Equipment