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Deficit budget of Rs 3 crore
March, 11th 2010

The academic council of Mangalore University on Wednesday adopted a deficit budget of Rs 3.78 crore for 2010-11.

The university's anticipated receipt for the next fiscal is Rs 94.80 crore, while its expenses are estimated at Rs 98.58 crore leaving it with a deficit. The budget has been prepared in anticipation of the university receiving grants from both the state and Centre, especially for its planned expenditure.

Presenting the budget, finance officer B Kuppuralingaigh said in case the university does not get the anticipated grants, it would have to resort to cuts in administrative expenses and take up listed development works strictly on a priority basis. In addition to this, the university might have to drop new development plans, he said, adding that the budget has already received approval from the finance committee and the syndicate.

The finance officer said the university has kept a strict check on its spending, especially given that it is on the rise with each passing year.

The purchase committee set up by the university goes through all purchase proposals in a detailed and transparent manner and has managed to cut down on several exorbitant purchases. This has vastly helped the university reduce its administrative expenses to a great deal, Kuppuralingaiah explained.

Observing that university incurs a majority of its expenses on maintenance and creation of infrastructure, and purchase of equipment, he said it has submitted a proposal for Rs 14.03 crore to the government for the same. The budget proposals includes various development projects worth Rs 13.23 crore taken up in anticipation of receipt of special grants from the state government during 2010-11 for the development works, he added.

The major projects proposed in 2010-11 include setting up a post-graduate centre at Kushalnagar, setting up study centres, auditorium, and mini-seminar hall, all on the university campus, construction of an welcome arch, hostel for foreign students as well as women's hostel for the FMKMC College, Madikeri. T C Shivashankara Murthy, V-C assured that student's activities and development would not be hit for lack of funds.

 
 
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