IOSI budget structure


Comparison of the planned and real revenues and expenditures report for the 2011-2012 academic year

Budget itemPlanReal
Revenues structure  
REVENUES100%106,63%
Revenues from primary activities96,1%102,7%
Revenues from other activities3,9%3,9%
Expenditures structure  
EXPENDITURES100%105,7%
Remuneration of higher education teaching personnel26%26%
Remuneration of administrative and management personnel22%23%
Supplies and utilities:7,8%8,6%
- software1,3%1,5%
- book stock2%1,8%
-capital assets and equipment3,5%4,2%
-expendable materials, fixtures and fittings1%1,1%
Outsourced services3,4%3,9%
Personnel training0,5%0,5%
Research activity and students' scientific research3%3%
Maintenance of premises (maintenance, lease, upkeep, fittings, utility expenses)20%18%
Amortization7%7%
Selling expenses2,5%2,1%
Other expenses7,8%8,1%

 

The budget revenues in the 2011-2012 academic year increased in comparison with the planned figure due to implementation of innovative projects, grants. The revenue from the primary educational activity corresponds to the planned for 98,5%.
 

The budget expenditures grew by a bigger percent, than the budget revenues, generally because many innovative projects are being realized for the first year and investments at an initial stage exceed return – growth of projects revenues. For the same reason the salary budget, outsourced services and other expenses grew. Account cost "Supplies and utilities" is higher than the planned due to provision of educational process with new equipment and software.
 

For growth and update of the Institute infrastructure only own financial means were used. Shortage of funds was compensated by advance payments received due to the primary activities.

 

Revenues and expenditures budget for the 2012-2013 academic year in regard to the actual budget for the 2011-2012 academic year

Budget itemPlan
Revenues structure 
REVENUES108%
Revenues from primary activities104%
Revenues from other activities4%
Expenditures structure 
EXPENDITURES106%
Remuneration of higher education teaching personnel26,5%
Remuneration of administrative and management personnel23,5%
Supplies and utilities:9,3%
- software1,6%
- book stock3%
- capital assets and equipment3,5%
- expendable materials, fixtures and fittings1,2%
Outsourced services3,5%
Personnel training0,7%
Research activity and students' scientific research4,5%
Maintenance of premises (maintenance, lease, upkeep, fittings, utility expenses)18%
Amortization7%
Selling expenses2%
Other expenses5%