VICE-CHANCELLOR’S REPORT TO COUNCIL 2022—2023
OFFICE OF FINANCE
The approved budget was to be funded by government contributions totalling BDS$484.85 million, tuition fees of BDS$133.73 million and the balance of BDS$22.87 million from other sources of income. A budget of BDS$3.26 million (TT$11 million) was approved for the Seismic Research Centre, to be funded by government contributions. An expenditure budget of EC$ 38.87 million was approved for the Five Islands Campus. The budget of the Five Islands Campus was expected to be funded in the amount of EC$ 31.92 million by government contributions, from the Government of Antigua and Barbuda. Tuition fees of EC$ 6.0 million and other income of EC$ 0.95 million were expected to provide the balance. INCREASED AGILITY TO NATIONAL, REGIONAL AND GLOBAL OPPORTUNITIES Research grants The total value of research grants received for the 2022/2023 financial year was BDS$66.8million (US$33.4 million); (2021/2022: BDS$39.9 million (US$19.95 million). The total reflected a 67% increase over the prior year. The five-year trend in receipt of research grants is shown in Chart 1. The distribution of areas of focus of projects from these grants is graphically represented in Chart 2.
Chart 1
Chart 2
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