Induction for New StaffInduction for New StaffTuesday 2nd September 2008Tuesday 2nd September 2008

University Finances & Resource AllocationUniversity Finances & Resource Allocation(Macro View)(Macro View)

Seán O Farrell Seán O FarrellDirector Management Information Director Management Information

ServicesServices

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Contents

• Income Analysis

• Expenditure Analysis

• Infrastructure Development Programmes

• Recurrent Grant Allocation Model

• Budget Process

• Challenges

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Income Analysis

2006/07 2007/08 2008/9 Actual Budget Budget

€m €m €mIncomeFees 63 74 80State Grant 70 76 77Other Income 15 12 20Research Grants and Projects 45 43 43Total 193 205 220

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Expenditure Analysis

2006/07 2007/08 2008/9 Actual Budget Budget

ExpenditureAcademic Departments 73 79 87AdultEducation/Acadamh 4 4 8Academic Services 19 24 24Student Services and Human Resources 6 6 7Buildings 28 24 27Administration 24 25 30

Research Grants and Projects 49 43 43Total 203 205 226

Balance (10) 0 (5)

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Infrastructure Development Programmes

Capital Cost Privately Funded

1989 – 1996 €40m 80%

1995 – 2000 €50m 60%

2000 – 2005 €130m 40%

2005 – 2010 €135m 75%

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• Recurrent Grant Allocation Model– Weightings based on modules/subject

• Non Lab,Lab, Fieldwork, Clinical

• PHD’s extra weighting

• Exclusions (e.h.non EU, Funded courses, Exam only repeats)

• Broadening Participation

• Future link to strategic plan delivery

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‘In House’ resource allocation

Each year, Bursar’s office invites budget submissions from Key Budget Holders, Heads of Function/Colleges/Schools,

etc analysed between:a) Maintenance of existing operationsb) Developments under the University’s Strategic Planc) Special Requirements arising in the yeard) Any savings arising on existing operationse) Other income generating opportunities

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‘In House’ resource allocation

Bursar’s Office compile an annual ‘rolling’ budget which analyses budget submissions/requirements at U.M.T. functional level. This is tabled at F.R.C. for approval and recommendation to

Údarás na hOllscoile.

Revisions occur throughout the year based on latest available information.

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• Challenges– Maximising RGAM return– Research Income– Ongoing reduction in real terms of CORE Grant – Ongoing funding (Fee Income ?)

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Questions ?