Continuing Education and Training Act, 2006 (Act No. 16 of 2006)NoticesNational Norms and Standards for Funding Technical and Vocational Education and Training CollegesD. Formula Funding of Programmes53 - 58. The bottom-line part of the formula funding grid |
| 53. | College programme weight: This is the sum of all the programme weight values in the formula funding grid. This forms the basis of the formula funding for a college. |
| 54. | Sum of past successful completions and enrolments: This is the sum of the values referred to in paragraphs 51 and 52. These totals are important inputs into the determination of the output bonus referred to in paragraph 57. |
| 55. | Assumed value of fees charged: This is a calculated value using values from the in-line part of the formula funding grid as well as the total funding base rate of the DHET. Specifically, the programme weight values and the assumed fee level values from the in-line part of the grid are needed. The assumed value of fees charged should reflect the total monetary value of the assumed fee level, and is used as an important benchmark against which to measure the correctness of the fee-setting processes described in paragraph 69 |
| 56. | College allocation before output funding: This is the total monetary allocation for the college before the addition of a possible output bonus. The college allocation before output bonus (CA1) is the college programme weight (CPW) referred to in paragraph 53 multiplied by the total funding base rate (FRTot) of the DHET. |
| 57. | Output funding: This is a monetary bonus which the college receives in recognition of efficient or outstanding service delivery. The methodology for calculating the bonus is a DHET determination. However, in arriving at the methodology, the following should be considered: |
| (a) | The ratio of past successful completions to past enrolments, and previous versions of this ratio, applicable to previous years (see paragraphs 50 and 52). Both absolute levels of this ratio, and improvements in this ratio over time, should be taken into account. |
| (b) | Attainment of development targets in the strategic plan of the college, including targets relating to the representativity of students. |
| (c) | Average examination scores attained by students. |
| (d) | Certification rate: TVET Colleges will be entitled to a 10% portion of the total budget allocation which will be allocated in proportion to the certification rate. TVET Colleges with higher certification rate will receive more allocation |
The methodology must be transparent to all colleges in the country. Moreover, it should be determined at a sufficiently early point in time to allow colleges to adjust their planning and management towards the attainment of the identified outputs.
| 58. | College allocation: This is the total allocation to the college by the state after all adjustments have been made. This is the final allocation provided by the formula funding grid. However, it may not be equal to the total funding for the college received from the DHET if (1) there is funding other than formula funding that is to be paid to the college (see Section E) or (2) there are funds allocated during a previous year that were not utilised and should thus be deducted off the allocation (see paragraph 109). |