Financial Report on Campus Activities
FINANCIAL REPORT ON CAMPUS ACTIVITIES
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FOR THE YEAR ENDED JULY 31, 2022
INCOME
Government Contributions During the year under review, the campus recorded BBD 92.1 million in government contributions (before adjustments) revenue compared with BBD 94.7 million for the previous year. This reflects a decrease of BBD 2.5 million, as some govern- ments have reduced their contributions to the University and thus the Campus. The Campus is grateful to the Ministries of Education, Technological and Vocational Training and Finance and Economic Planning for continuing to honour the monthly contributions which are relied on greatly to assist in its monthly payroll. The University Office of Finance continued to follow up the outstanding arrears with the respective Governments. The balance due from the governments of the region at July 31, 2022 was approximately BBD 31.3 million (before adjustments) compared with BBD 29.3 million at the end of July 31, 2021. See Table 21. Table 21 Government Receivables July 31, 2022 July 31, 2021 Long term receivables (gross) 10,041,370 11,340,180 ECL (2,612,231) (2,690,910) Government balances 23,953,027 20,579,704 31,382,166 29,228,974 Tuition Fees and Other Student Fees The Campus reflected a decline of BBD 2 million in tuition fees as it continued in its efforts to provide partial scholarships to assist students in their journey at the Cave Hill Campus. Some governments asked the Campus to bill them for their students. It is important to note that students are not penalised for the non-payment of balances from their respective governments. The balances at July 31, 2022 and July 31, 2021 are reflected in Table 22. Table 22 Third party receivables July 31, 2022 July 31, 2021 GOB 50,243,013 33,990,778 GATE 294,101 5,303,567 T&T Scholars 1,582,875 1,176,447 Other governments 4,904,937 4,927,085 57,024,926 45,397,877
THE UNIVERSITY OF THE WEST INDIES CAVE HILL CAMPUS ANNUAL REPORT TO COUNCIL 2021/2022
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