Deficit budget presented at University of Mysore

Mysuru: The University of Mysore presented a deficit budget of Rs.2 crore for 2017-18 at its Academic Council meeting here on Thursday. The budget puts the projected revenue at Rs. 258.86 crore, as against projected expenditure of Rs.260.86 crore.

The university had submitted a proposal to the State government seeking a block grant of Rs.212.95 crore for 2017-18, but only Rs.137.27 crore was approved. The budget estimates were prepared accordingly.

Besides the block grant from the government, which accounts for 62% of the revenue, 20% of the revenue comes from examination fees, 14% from admissions, registration and affiliation fee, 2% from university properties, 1% from miscellaneous receipts, and 1% from Scheme B.

Pay and allowances for staff account for Rs.125.66 crore, forming a major portion of the expenditure. This is followed by pension for retired employees (Rs.70 crore). The two account for 48% and 27%, respectively, of the expenditure estimate, said finance officer Mahadevappa, who tabled the budget. Examination activities will account for 13% of the amount, campus maintenance about 6%. general administrative activities 3%, teaching, research and extension activities 2%, and students’ welfare activities 1%.

Acting Vice-Chancellor Dayananda Mane chaired the Academic Council meeting. Registrar Rajanna and Registrar (Evaluation) Somashekar were among those present.

Show More

Related Articles

Adblock Detected

Please consider supporting us by disabling your ad blocker