Summary
Further-education colleges in Wales have recently received details of their 2004/05 funding allocations from Elwa. There are also several issues concerning the financing of colleges in the short and long term.
The recurrent budget - the amount directed at teaching and learning - will be pounds 242m. This includes pounds 20m earmarked solely for pay - pounds 9m consolidated from 2003/04 and a projected pounds 11m for 2004/05. The core budget of pounds 222m has been frozen. Colleges face another very difficult financial year, as they have to meet increasing financial demands and non-pay inflation.See the full content of this document
Extract
Colleges Face a Demanding Financial Year
In the current year (2003/04) it is estimated that colleges will have an operating deficit of almost pounds 3.5m. It is expected that this figure will rise by the end of the y...
See the full content of this document
Sponsored links
