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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.

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