8 October 2021
Joanna Browne
Scholarships
Distinguished Professor Marston Conder
Chair of Budget Committee
Dear Joanna
2022 Budget Allocations
Revenue and expenditure budgets and forecasts for 2021 and projections for 2022 have now been fully
considered, along with the University’s overall financial position and reported anomalies in the draft
allocations advised earlier this month, with a view to making budget allocations for 2022.
I would like to thank you and your Service Division for your cooperation in this exercise.
Budget context
As indicated in our letter advising draft allocations, again this year the University’s planning and
finances have been significantly affected by a wide range of factors, including not only Covid-19 and
consequent impacts on EFTS numbers (particularly International EFTS), but also our building
programme, and the development of a new Strategic Plan, all underpinned by a large number of
associated uncertainties.
Overall budget and some of its features
Despite the challenges facing the University, we have reached a position where we can strike a budget
for 2022 that achieves a high degree of stability and fairness, as well as some improvements, and
results in a budgeted operating surplus of 1.4%.
Specific features of your Service Division budget
• Responsibility for the Summer Scholarships has transferred to Strategic Research Funds
General comments
Please note that budget allocations are based on assumptions concerning the revenue we expect the
University to gain from the TEC and student tuition fees, based on projected enrolments, and that these
assumptions are yet to be confirmed.
Likewise, because of the timing of the current Business Recovery Programme, your 2022 Budget
allocation does not necessarily reflect the full impact of the latter activities. Accordingly, some further
budget adjustments may need to be made at a later date, but we will inform you about those as soon
as possible.
Furthermore, the continuing unusual situation we find ourselves in makes it even more imperative than
usual that you should avoid making additional expenditure decisions in 2021/22 that have long-term
implications for people costs and other operating expenditure but are unlikely to be supported by
additional sustainable revenue.
