1 / 34

THE HIGHER EDUCATION FUNDING FRAMEWORK and VUT FINANCES Prakash Naidoo

THE HIGHER EDUCATION FUNDING FRAMEWORK and VUT FINANCES Prakash Naidoo. WARNING. SOME OF THESE SLIDES MAY BE HARMFUL TO SENSITIVE VIEWERS MANAGEMENT SUPERVISION IS ADVISED. Distribution of Higher Education Funds. Institutional Restructuring 5%. NSFAS 9%. HIGHER EDUCATION BUDGET 100%.

christophercrawford
Download Presentation

THE HIGHER EDUCATION FUNDING FRAMEWORK and VUT FINANCES Prakash Naidoo

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. THE HIGHER EDUCATION FUNDING FRAMEWORKandVUT FINANCESPrakash Naidoo

  2. WARNING SOME OF THESE SLIDES MAY BE HARMFUL TO SENSITIVE VIEWERS MANAGEMENT SUPERVISION IS ADVISED

  3. Distribution of Higher Education Funds

  4. Institutional Restructuring 5% NSFAS 9% HIGHER EDUCATION BUDGET 100% Foundation 1% Earmarked Funds 12% OTHER 2% BLOCK GRANTS 84% Former Vista 1% TEACHING INPUT GRANT 53% TEACHING OUTPUT GRANT 13% RESEARCH OUTPUT GRANT 11% Institutional Factor 6% Approved FTE Places Non research Diplomates Graduates Masters Doctorates Publications Size Disadv Students NOTE: ROUNDING TO 1%

  5. HIGHER EDUCATION FUNDS2007-2009

  6. TEACHING INPUT GRANT

  7. Weighting Factors

  8. VUT UNWEIGHTEDFTE’s – 2005 (Actual Headcount 17240)

  9. Simplified Example

  10. Calculation of Weighted FTE’s

  11. CALCULATION OF TEACHING INPUT GRANT • DOE determines national TIU = 876259 units • TIG for 2007 = R 6 772 475 000 • Grant per TIU = R 7728 per weighted FTE • VUT approved total = 21926 (Actual 26816) • National actual TIU total = 981135 • VUT TIG for 2007 = R169 463 000

  12. TEACHING OUTPUT GRANT

  13. Calculating Weighted Graduates

  14. Calculating Teaching Output Grant • DOE determines normative weighted TOU • 2007 DOE normed = 132674 units • National actual TOU = 108632 units • TOG for 2007 = R 1 385 583 000 (alloc R1,69bn) • Balance of TOG allocation used for TDG • TOG for 2007 = R 10 400 per weighted grad based on actual/normed or R 12700 act/act or R 15 500 bud/normed

  15. VUT PERFORMANCE Teaching Output Units Teaching Output Grants *TDG = R 26 263 000 

  16. RESEARCH OUTPUT GRANTS

  17. RESEARCH OUTPUT • Units based on Academic staff (0.5/1) • DOE determines normative weighted ROU • 2007 DOE normed = 16291units • National actual ROU = 14546 units (89%) • ROG for 2007 = R 1 236 835 000 (alloc R1,38bn) • Balance of ROG allocation used for RDG • ROG for 2007 = R 85 029 per ROU

  18. VUT RESEARCH PERFORMANCE Weighting

  19. RESEARCH OUTPUT GRANT RESEARCH DEVELOPMENT GRANT for 2007 = R O

  21. VUT (8.17%)

  22. FINAL BLOCK GRANT VUT SALARIES BUDGET 2007 = R 255 000 000

  23. STATE GRANTS * First time allocation NOTE: EARMARKED FUNDS MAY ONLY BE UTILISED FOR PURPOSES FOR WHICH IT HAS BEEN ALLOCATED – UNUSED AMOUNTS MUST BE RETURNED TO THE DEPARTMENT OF EDUCATION AT THE END OF THE FINANCIAL YEAR

  24. Financial Sustainability of Departments/Sites of Delivery • Core Academic Business underpins VUT • Costs of support divisions must eventually be a cost of academic units as these are essential part of the university • Methods of calculation includes business units, cost allocation (ABC etc) • Academic divisions CANNOT survive without support divisions – including student services division

  25. EXAMPLE: ALLOCATION OF COST

  26. SITES OF DELIVERY

  27. THANK YOU

More Related