1. Northumbria University University Finances David Chesser, Deputy Vice-Chancellor & Finance Director

2. Four key business principles:- Maintain change strategy and investment in change Continue to grow and diversify activities that make a positive contribution Prioritise quality Concentrate on front line activities while maintaining a fit for purpose infrastructure Key Business Principles

3. Sources of Funding £m% HEFCE67 NHS21 TDA 3 Total Public Funding91 43 UK Tuition Fees50 24 Overseas Tuition Fees25 12 Research Contracts84 Collaborative Ventures73 Short Courses & Consultancy63 Service Income2512 TOTAL212100

4. Financial Policy

5. Be careful how we spend University money Public Scrutiny Support of Core objectives Value for Money Expenditure Policy Zero Based Budgeting University Spending

6. £1.78 at Tesco, Asda & Sainsbury's According to Delia Smith, Waitrose own brand deliver similar quality to the branded version but cost £1.21 Lower our Cost Base

7. Protect front line activities Remove duplications and waste Re-emphasise materiality Fundamental Review of Costs

8. Summary We are in reasonable shape Focus on priorities and react in a measured and consistent manner Be efficient and effective Enhance the sustainability of the University