Planning is bringing the future into the present so that you can do something about it now
~Alan Lakein
Finance is an important enabler for attainment of strategic goals of Rhodes University. An institutional viability plan established and approved by Council is founded upon a three-year financial viability plan which lays the foundation for institutional sustainability, including financial sustainability, into the future. Table 11 provides a summary of a five-year projection of Rhodes University’s revenue and expenditure. The forecast is based on certain assumptions grounded on current funding frameworks, which is subject to variation over time. The forecast also comprises planned expenditure on capital-intensive aspects of the goals of this IDP such as infrastructural backlog maintenance.
|
REVENUE/EXPENDITURE ITEM
|
Baseline: |
FORECAST |
|||||
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
||
|
REVENUE (A): |
810 844 |
912 322 |
992 281 |
1 077 653 |
1 155 360 |
1 244 043 |
|
|
State subsidy |
387 409 |
450 396 |
470 595 |
507 601 |
532 174 |
562 452 |
|
|
Tuition & residence fees |
378 728 |
416 330 |
475 563 |
522 544 |
574 186 |
630 981 |
|
|
Interest income |
11 288 |
10 795 |
10 000 |
10 000 |
10 000 |
10 000 |
|
|
Fundraising |
5 000 |
12 061 |
12 767 |
13 544 |
14 398 |
15 338 |
|
|
Rendering of services |
25 000 |
21 740 |
22 356 |
22 964 |
23 602 |
24 272 |
|
|
Sundry Income |
3 419 |
1 000 |
1 000 |
1 000 |
1 000 |
1 000 |
|
|
EXPENDITURE (B): |
788 987 |
887 480 |
960 396 |
1 041 439 |
1 113 171 |
1 187 865 |
|
|
Personnel costs |
524 667 |
570 495 |
610 430 |
653 160 |
698 881 |
747 803 |
|
|
Operational expenditure |
219 165 |
263 110 |
278 999 |
293 726 |
309 238 |
325 174 |
|
|
Maintenance, incl backlog maintenance |
45 155 |
53 875 |
70 967 |
94 554 |
105 052 |
114 889 |
|
|
Loan repayments |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
Interest expense |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
NET INCREASE/(DECREASE) IN CASH (A-B) |
21 857 |
24 842 |
31 885 |
36 214 |
42 189 |
56 179 |
|
|
|
|
|
|
|
|
|
|
|
TRANSFERS TO: (C) |
21 857 |
24 842 |
31 885 |
36 214 |
42 189 |
56 179 |
|
|
Strategic endowment fund/projects |
0 |
6 620 |
7 059 |
7 614 |
7 983 |
8 437 |
|
|
Council directed reserves |
21 857 |
18 222 |
24 826 |
28 600 |
34 207 |
47 742 |
|
|
NET FUNDS FROM OPERATIONS, for the year |
0 |
0 |
0 |
0 |
0 |
0 |
|
Last Modified: Tue, 10 Sep 2019 11:31:33 SAST