{"id":2074,"date":"2018-12-17T14:36:32","date_gmt":"2018-12-17T14:36:32","guid":{"rendered":"https:\/\/sites.manchester.ac.uk\/staffnetblog\/?p=2074"},"modified":"2019-06-13T11:56:34","modified_gmt":"2019-06-13T10:56:34","slug":"understanding-our-universitys-financial-position","status":"publish","type":"post","link":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/2018\/12\/17\/understanding-our-universitys-financial-position\/","title":{"rendered":"Steve Dauncy: Understanding our University\u2019s financial position"},"content":{"rendered":"

[et_pb_section bb_built=”1″ fullwidth=”off” specialty=”on”][et_pb_column type=”2_3″ specialty_columns=”2″][et_pb_row_inner locked=”off”][et_pb_column_inner type=”4_4″ saved_specialty_column_type=”2_3″][et_pb_post_title _builder_version=”3.0.106″ title=”on” meta=”on” author=”on” date=”on” categories=”on” comments=”on” featured_image=”on” featured_placement=”above” text_color=”dark” text_background=”off” locked=”on” parent_locked=”off” \/][et_pb_text _builder_version=”3.17.6″ background_layout=”light” parent_locked=”off”]<\/p>\n

We publish our University\u2019s annual Financial Statements which give a detailed account of our University\u2019s financial performance and you can find the Financial Statements for 2017\/18 on the University website<\/a>.<\/p>\n

We want to be open and transparent with colleagues about where we get our income from and how we spend it, so this year we have put together a short document which highlights the key messages<\/a> from our Financial Accounts.<\/p>\n

You can also read a piece from Nancy and myself which appeared in the University Magazine<\/a> in October 2018 and which gives some further context to our financial position, our successes and future challenges.<\/p>\n

As you will see from the information provided, 2017\/18 was a challenging year for the higher education sector and while our University continues to make strategic progress, our financial performance deteriorated compared to 2016\/17.
Our financial objective, as ever, remains to achieve long-term financial sustainability for our University in order to invest in our strategic goals within the current challenging environment by achieving year-on-year income growth and delivering an operating surplus to reinvest in our University.<\/p>\n

Steve Dauncey –\u00a0Director of Finance<\/p>\n

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Related<\/h1>\n

Related posts:<\/h3>
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Patrick Hackett: An update on the Student Experience Programme<\/h2><\/div><\/div><\/a>
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Patrick Hackett and Beth Dodd - Emerging from a crisis<\/h2><\/div><\/div><\/a>
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Cary Cooper and Julian Skyrme: Why high-performing institutions need to understand wellbeing<\/h2><\/div><\/div><\/a><\/div>
<\/div><\/div><\/div>\n

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We publish our University\u2019s annual Financial Statements which give a detailed account of our University\u2019s financial performance.<\/p>\n","protected":false},"author":521,"featured_media":2075,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pslt"],"_links":{"self":[{"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/posts\/2074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/users\/521"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/comments?post=2074"}],"version-history":[{"count":9,"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/posts\/2074\/revisions"}],"predecessor-version":[{"id":2854,"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/posts\/2074\/revisions\/2854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/media\/2075"}],"wp:attachment":[{"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/media?parent=2074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/categories?post=2074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.manchester.ac.uk\/viewpoint\/wp-json\/wp\/v2\/tags?post=2074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}