Vice-Chancellor's Report

27 May 1998

5. Resource allocation and COMA

• COMA apportions costs of central services against their estimated use by Faculties and Departments, for research and teaching.
• No central overhead taken for additional income achieved above budget for 1998/99
• LUSAD will be integrated into SSH budget within three years at most.
• HEFCE has changed its funding model for teaching, rounding up 'measured' costs of teaching in Bands (A - medical), B, C and D (non-lab). Income-streaming to Faculties for HEFCE T-funding would strongly distort from Lboro teaching costs: details to be agreed at Resources and Planning.
• Broad outlines of budget agreed: support services roughly cash-constant (again), with some extra money for e.g. Library. Total savings required from Faculties of c. 300K pounds, from total expenditure of 47M pounds.