Chart (B) | Is expenditure growth driven by personnel or non-personnel costs?

Growth in expenditures, personnel vs. non-personnel [2013-14 to 2023-24]
AnnualTotal
Inflation (HEPI)22.9%33%
Inflation (CPI)22.7%31%


GroupsTop 10 service areas1$ spend (2023-24)$ spend (2023-24)Annual growth rate3
Personnel
General Academic Instruction$426.0M60%6.8%
Academic Administration, Personnel Development, and Course and Curriculum Development$51.3M7%7.5%
General Administrative Services$46.1M6%9.8%
Fiscal Operations$27.1M4%6.0%
Individual Or Project Research$25.1M4%5.6%
Nonpersonnel
General Academic Instruction$51.0M7%5.2%
Property Rentals$24.6M3%1.8%
Utilities$20.4M3%5.3%
Individual Or Project Research$20.1M3%3.6%
Institutes And Research Centers$18.9M3%6.5%



1. May be less than 10 depending on institutional use of Cardinal accounting service areas.
2. Determined as growth in HEPI/CPI over the period of 2014-2024.
3. "Annual growth" calculated as compound annual growth rate (CAGR).
Note: Includes E&G programs (program code), instruction (101), education research (102), public services (103), academic support (104), student services (105), institutional support (106), and operation and maintenance of plant (107); personnel spending determined by personal services, non-personnel spending all other major objects.
Source: Cardinal