City, University of London Financial Statements 2017/18
Where does our funding come from?
What is our funding spent on?
Schools Professional Services and corporate costs
£241.2M Income – £228.8M Expenditure = Operating surplus £12.4M
What are undergraduate fees spent on?
Why does the University need to make an operating surplus?
To generate the necessary level of funds to:
Ensure that the University’s activities remain financially sustainable in the long term.
Ensure that the University has sufficient resources available to replace, improve and invest in its physical assets in order to achieve its academic strategy.
Allow investment for items such as additional staff, facilities and services.
Mitigate against unforeseen events that might jeopardise the financial health of the University in the short term.