1. 15 th January 2009

2. INCOME AND EXPENDITURE 2008/092013/14 Comment Income£'000 Funding Council Grants47,61654,296Low inflation. Proportion declining. Academic Fees43,77463,674Home static, overseas increasing Research Grants and Contracts26,16834,844Growth ca. 6.6% pa Other Operating Income44,14453,534Growth ca. 4.5% pa Endowment Income and Interest Receivable4,1223,371 Total Income165,824209,719 Expenditure Staff Costs (Recurrent)98,330116,554Staff costs within target range Staff Costs (Restructuring)150 Depreciation9,73215,964Based on capital programme Other Operating Expenses48,48564,608Rebalancing from staff costs Interest Payable3,3593,124 Total Expenditure160,056200,400 Revaluation reserve transfer685 Historical Cost Surplus/(Deficit)6,45310,004 Move to 5% surplus 4%5%

24. Academic Staff - total31% - (exc T & R only)20% Clerical (& related)21% (Faculties 11 -24%)

29. Our processes have developed in an ad-hoc way Many tasks are done by people who are not adequately supported or trained. Growth means we cant manage this by informal networks anymore A lot of time is wasted looking for information Many departments are too small to do all the things they are expected to do

30. Growth in research and teaching needs to be supported by appropriate processes and infrastructure Too much resource is being wasted Not a problem for the finance department If we dont change things academic development will be constrained

31. Performance Partnership Modern policies and procedures Effective processes and systems Management information Succession planning

32. Life is getting tougher We cant change everything We are implementing the admin review Faculties have reviewed their own admin structures Are we heading in the right direction?