What we spend and how we spend it
Here you will find financial information relating to the University's projected and actual income and expenditure, procurement, contracts and financial audit. Extensive financial information is contained in our Annual Operating and Financial Review and Financial Statements which are published each year.
The Annual Operating and Financial Review and Financial Statements include the following:
- Message from the Vice Chancellor
- The University and its work
- Public Benefit Statement
- Financial and risk management
- Key performance indicators
- Corporate governance
- Financial report which includes:-
- Income and expenditure
- Balance sheets
- Financial statements which includes:-
- Statement of the Council's responsibilities
- Report of the Auditors to the Council of Swansea
- Statement of the Principle Accounting Policies
- Income and expenditure
- Statement of total recognised gains and losses
- Balance Sheet
- Cash Flow Statement
- Notes to the financial statements
Funding and income
Information on the sources of funding and income is set out in The Annual Operating and Financial Review and Financial Statements.
Financial statements, budgets and variance reports
Financial statements are published in The Annual Operating and Financial Review and Financial Statements.
University budget reports are available on request but may be subject to Section 43 - Commercial Interests.
Expenditure exceeding £25,000 (includes list of suppliers):-
Financial audit reports
A report of the Auditors to the Council of Swansea is contained within The Annual Operating and Financial Review and Financial Statements.
The Estates Strategy details major plans for capital expenditure.
Financial regulation and procedures
Staff allowances and expenses
Information about staff allowances and expenses are set out in the Expenses and Benefits guidance.
Details of expenses incurred by senior staff for the last two financial years:-
Senior staff members expenses (2011/12 and 2012/13 includes the Registrar, Pro Vice Chancellors, Heads of Colleges and staff members earning over £100,000)
Staff pay and grading structures
Pay details of senior staff (earning more than £100,000) (included in the Annual Operating and Financial Review Report)
Register of suppliers
Suppliers with whom at least £25,000 worth of business has been placed is listed below:-
Procurement and tender procedures and reports
Details of contracts awarded are published on SelltoWales (for contracts which exceed £50,000 in value). Details of contracts worth less than £50,000 are available on request.
Information about sources of funding is contained with The Annual Operating and Financial Review and Financial Statements.