Finance 1997-98
Income £K % Scottish Higher Eduation Funding Council 35,640 36.4 Tuition Fees 21,436 21.8 Research Grants and Contracts 24,671 25.2 Endowment Income 4,174 4.3 Residences 4,079 4.2 Other Income 7,954 8.1 Total 97,954
Expenditure £K % Academic Departments 42,581 43.6 Administration 5,548 5.7 Academic Services 6,260 6.4 Research Grants and Contracts 21,855 22.4 Premises 6,939 7.1 Residences 3,898 4.0 Other Expenditure 10,598 10.8 Total 97,679 Surplus for Year 275 Notes
The University's surplus showed a further reduction, from 1.0% to 0.3% (as a percentage of total income). Reserves have consequently risen only marginally, and together with general endowments, stand at 16% of total annual income. A further significant increase (13%) was recorded in research grants and contracts income, due mainly to the impact of the new Wellcome Trust Building which now accommodates over 170 research and support staff. The University's grants from the Funding Council were up by over 7%, as a result of its strong performance in the 1996 Research Assessment Exercise. Heavy expenditure was incurred in support costs, particularly in patent and legal costs, recruitment cost of new staff, and medical school running costs shared with the Health Authority.The University provided £0.5 million towards the costs of an early retirement programme, which is aimed at achieving savings in staff costs through improved efficiency and subject rationalisation.
University of Dundee Homepage | Annual Report Homepage Disclaimer & Copyright
Produced from Printed Version
Comments to i.m.gerrie@dundee.ac.uk