NotesFAQContact Us
Search Tips
ERIC Number: ED448651
Record Type: Non-Journal
Publication Date: 2000-Nov
Pages: 29
Abstractor: N/A
Reference Count: N/A
Analysis of 2000 Financial Forecasts and Annual Operating Statements. Report.
Higher Education Funding Council for England, Bristol.
This report provides a summary of financial projections for the higher education sector in England covering 1999-2000 to 2003-2004 and a summary of the sector's annual operating statements for 1999-2000 and 2000-2001. It is based on information provided by higher education institutions in July 2000. These forecasts were prepared before the outcome of the Government's 2000 spending review was announced and do not reflect additional funding announced then. The trend for an increasing proportion of income to higher education institutions being from nonpublic sources continues. The proportion could rise to 40% by 2003-2004, when nonpublic income across the sector should exceed 4,500 million pounds. Universities and colleges need to generate annual operating expenses to provide the positive cash flow for reinvestments and to fund future developments. Overall, the operating position is less than that considered necessary to provide for reinvestment and future development. Some suggestions are made to address the shortfall in operating surpluses, including seeking additional public and nonpublic funds, addressing the tendency of some institutions not to charge full costs for activities, and developing cost-sharing measures. Operating statements from institutions show that about four-fifths of the institutions are fully or mostly achieving the activities and targets they set for themselves in terms of widening participation and with regard to learning and teaching strategies. Of the 42 equipment-only projects planned by universities, around half were fully or mostly completed on schedule by the end of the 1999-2000 academic year. Six annexes contain the financial forecasts and some case studies of good practice. (SLD)
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Higher Education Funding Council for England, Bristol.
Identifiers - Location: United Kingdom (England)