1. The University of York Strong academic performance Weak financial performance: Surplus <1% turnover and falling rapidly Academic account in deficit Relying on non-academic surplus

2. Strategic Plan Continue growth at 8-10% pa Invest in success (infrastructure & people) Build critical mass & diversity (sustainability) Enhance quality for the RAE Improve finances Increased home student fees Full economic costing (FEC) of research Overseas student growth Department FIT programme Accommodate on Heslington West & East

3. The University of York 2006 Considerable success Increased diversity: medicine, management, TFTV, law Increased critical mass: archaeology, psychology, social work, maths Increased quality: biology, chemistry, history, health sciences Improved academic account But Pensions (2004); fuel (2005 & 2006); pay (2004 & 2006); student number volatility (2006); depreciation (common problems) Non-academic account deterioration

4. Current budget & forecast Difficult financial position but no crisis Maintain strategy Invest in academic success Build sustainable surplus on improved academic account VC-led department reviews (all) Accelerate department FIT programme Contain costs as well as delivering income growth