Presentation is loading. Please wait.

Presentation is loading. Please wait.

College Efficiency Maximising Income John Bolt. © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm.

Similar presentations


Presentation on theme: "College Efficiency Maximising Income John Bolt. © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm."— Presentation transcript:

1 College Efficiency Maximising Income John Bolt

2 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 1 What I’m covering Making the best of your YPLA/SFA allocation Other sources of income

3 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 2 KPMG ACE Comprehensive and swift review of your college’s efficiency Let’s look at some things to consider

4 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 3 Making the best of the YPLA/SFA allocation Group sizes - how many learners are actually in class? The college decided that groups should no less than 10

5 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 4 FE Tuition Fee Collection SFA has quoted an aspiration of 67% fee collection Are the figures low because of fees for full-time learners?

6 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 5 Tuition fees for Part-Time learners

7 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 6 Looking elsewhere for income Other Government sources of income Higher Education ■Colleges can offer ■Lower fees ■Local study Apprenticeships Department of Work and Pensions Government may introduce new schemes for unemployed

8 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 7 Full Cost courses – how are colleges doing? Source – College accounts

9 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 8 Full Cost courses Do they help the bottom line?

10 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 9 More sub-contracting? A panacea or a poisoned chalice?

11 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 10 Does sub-contracting help the bottom line?

12 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 11 Proposed funding changes YPLA ■Funding consultation with response date of 4 January 2012 ■Wolf + Gove’s simplification ■Implementation in 2013/14 SFA ■Funding proposals ■Simplification ■Changes to eligibility (loans) ■Implementation in 2013/14

13 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 12 The Way Ahead Simplification Rough justice ComplexityPrecision Government Policies and Priorities

14 © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. 13 In summary Make the best use of SFA/YPLA funding Consider potential for other government funding Look for other sources of income Be aware of proposed funding changes

15 College Efficiency Maximising Income John Bolt


Download ppt "College Efficiency Maximising Income John Bolt. © 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm."

Similar presentations


Ads by Google