Expenditure. No Borrower shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing its Ship.
Expenditure. Except as permitted by any Transaction Document, make any expenditure (by long-term or operating lease or otherwise), excluding those relating to foreclosure, for capital assets (both realty and personalty), unless such expenditure is approved in writing by the Agent.
Expenditure. The Director shall be responsible for the implementation of the approved operational and capital budget of the department.
Expenditure. 5.1 In order to fund the activity described above and make progress against our targets, the University plans to invest a total of £13.8m in additional access measures in 2017-18, representing 31.2 per cent of total income from additional fees.
Expenditure. No Obligor shall incur any expenditure, except for expenditure reasonably incurred in the ordinary course of owning, operating, maintaining and repairing a Ship.
Expenditure. This assessment of our current progress has led us to conclude that substantial investment in additional access measures is called for. In 2012/13, a total of £7.8m will therefore be invested in these measures, rising to £11.89m in 2015/16 (steady state).This represents 35% of the total income from additional fees. A high level summary of how this investment will be attributed in steady state is provided in the table below. The amounts quoted will rise annually in line with inflation (assuming that fee levels also rise to reflect inflation). The balance of investment across the different categories reflects our assessment of current priorities. For example, increasing investment in outreach has been prioritised over supporting retention but we have nevertheless recognised the need for some additional transitional support for students recruited from under represented groups. This balance will be kept under review in the light of levels of progress. In particular, improved recruitment of students from low income backgrounds has the potential to impact significantly on the cost of our student finance package, which may need to be adjusted accordingly in future years. Further detail (including details of proposed investment during the intervening years) is provided in Appendices One and Three. Outreach activities £2.01m Progression/retention activities £0.57m Other continuing activity (e.g. job shop; student funding advisers) £0.43m Student Hardship Funding £0.25m Student Finance Package £8.63m TOTAL REINVESTMENT £11.89m
Expenditure. No Borrower shall incur, or commit to, any expenditure except:
Expenditure. Figure 5.2 shows the total (public and private) expenditure on tertiary education institutions in a range of comparator countries as a % of GDP and how this has changed in the period 1995–2001. 1.5 1995 2001 1 0 OECD country % GDP
Expenditure. In 2012-13, the College will allocate 25.6 per cent of its additional fee income, as defined by OFFA, on additional activities related to raising aspirations and progression to higher education by under represented groups, improving retention, contributing to the National Scholarship Programme and providing bursaries. The College expects to allocate £70,000 in 2012-13 to fund activities that will support raising aspirations and progression to HE and improve retention.
Expenditure. 24. The Office for Fair Access guidance suggests that if an institution has a low or very low proportion of under‐represented students, it should spend between 30 and 35 per cent of its fee income above £6,000 per fte on access commitments. The University is committing a figure of 30.5% in 2016/17. Therefore, with a fee of £9,000, this will approximate to a total of £10 million per annum, which will be divided primarily between financial support packages and access outreach activity.
