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    Mechatronics-Criterion 7 & Annexure L

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    Muhammad Duraid
    The document summarizes the operational budget, development budget, investments, and internal resource generation of an institute for the fiscal year ending June 30, 2022. The total operational budget is Rs 16.73 million, with most spending allocated to pay and allowances. The development budget makes up 20% of the operational budget annually. The institute holds an endowment fund of Rs 152.5 million and generates additional resources through consultancy, workshops, and sponsorships. Budget details are also provided for the Electrical Engineering Department.

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    Mechatronics-Criterion 7 & Annexure L

    Uploaded by

    Muhammad Duraid
    43 views4 pages
    The document summarizes the operational budget, development budget, investments, and internal resource generation of an institute for the fiscal year ending June 30, 2022. The total operational budget is Rs 16.73 million, with most spending allocated to pay and allowances. The development budget makes up 20% of the operational budget annually. The institute holds an endowment fund of Rs 152.5 million and generates additional resources through consultancy, workshops, and sponsorships. Budget details are also provided for the Electrical Engineering Department.

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    The document summarizes the operational budget, development budget, investments, and internal resource generation of an institute for the fiscal year ending June 30, 2022. The total operational budget is Rs 16.73 million, with most spending allocated to pay and allowances. The development budget makes up 20% of the operational budget annually. The institute holds an endowment fund of Rs 152.5 million and generates additional resources through consultancy, workshops, and sponsorships. Budget details are also provided for the Electrical Engineering Department.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views4 pages

    Mechatronics-Criterion 7 & Annexure L

    Uploaded by

    Muhammad Duraid
    The document summarizes the operational budget, development budget, investments, and internal resource generation of an institute for the fiscal year ending June 30, 2022. The total operational budget is Rs 16.73 million, with most spending allocated to pay and allowances. The development budget makes up 20% of the operational budget annually. The institute holds an endowment fund of Rs 152.5 million and generates additional resources through consultancy, workshops, and sponsorships. Budget details are also provided for the Electrical Engineering Department.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Criterion 7 – Institutional Support and

    Financial Budget
    3.1. Operational Budget

    The budget estimates for expenses during financial year ending June 30, 2022 are Rs 16.73 M.
    The details are given below:

    Budget Head Rupees in Million


    (2021-22)
    Pay and Allowances 11.48
    Utilities 2.62
    Maintenance 0.20
    Consumables 0.34
    Other expenses (Advertising, Depreciation ,Convocation,
    2.09
    Transportation, Financial Charges etc)
    Total 16.73

    3.2. Development Budget

    The total development budget remains about 20 % of operational budget every year. The
    development budget share allocated exclusively for lab equipment, buildings, furnishing and air-
    conditioning of College of Engineering over the last five years is shown below:

    Year 2017-18 2018-19 2019-20 2020-21 2021-22

    Amount
    7.0 11.0 11.0 11.0
    (Rs in Million)

    3.3. Investment And Internal Resource Generation

    7.3.1. Investment

    Presently the institute holds an Endowment Fund of Rs. 152.5 M.


    7.3.2. Internal Resource Generation

    The institute has the capacity and the skills to generate resources and to extend these resources
    for effective and efficient working of faculty, staff and students. A few examples in this context
    are the development of a Management Information System and Intranet (Local Web).

     Self-generated resources -100%


     Consultancy for industry projects Rs.0.39M
     Workshops and seminars for the corporate sector Rs. 0.13M
     Sponsorships for students events Rs. 0.27M

    3.4. Continued Financial Commitments

    7.4.1. Sources:
     The institute is self-financed.
     Source of yearly income: student fees
     Endowment fund: established in June 2001
     Present worth of endowment fund: Rs. 152.5 M
     Value of immoveable assets: Rs 146.27 M
     Value of moveable assets: Rs 278.45 M
    The revenue figures for the last 5 years:

    Year 2016-17 2017-18 2018-19 2019-20 2020-21

    Revenues
    11.66 15.44 19.04 15.90 13.37
    (Rs in M)

    7.4.2. Operational Budget:

    Estimated budget for FY 2020-21 and FY 2021-22: Rs 11.36 M and Rs. 16.73 M.

    Budget Head Rupees in Million


    Pay and Allowances 11.48
    Utilities 2.62
    Maintenance 0.20
    Consumables 0.34
    Other expenses (Advertising, Depreciation ,Convocation,
    2.09
    Transportation, Financial Charges etc)
    Total 16.73
    7.4.3. Development Budget:

    Out of the total development budget, allocation for labs, furnishing and air-conditioning
    of College of Engineering is Rs. 11 M.

    Year 2016-17 2017-18 2018-19 2019-20 2020-21


    (Rs in Million) 1.0 3.0 3.0 3.0

    7.4.4. Investments:

    Endowment Fund holding: Rs. 152.5 M.

    Operational and Development Budget of the Electrical Engineering Department is attached at


    Annexure L.
    ANNEXURE-L
    (Departmental Budget)
    University Income Details

    1st Prev Fiscal Year 2020-21 2nd Prev Fiscal Year 2019-20
    S
    Current
    Source of Income Actual (As per Actual (As per
    Fiscal Year Budgeted Budgeted
    # Audit Report) Audit Report)

    1 Grants from HEC 2021-2022 - - - -

    Self Finance
    2 2021-2022 - - - -
    Schemes

    3 Tuition Fee 2021-2022 11,415,622 15,246,197 13,682,662 17,629,696

    4            

                 

    Univeristy Expenditure Details

    S 1st Prev Fiscal Year 2020-21 2nd Prev Fiscal Year 2019-20
    Current
    Expenditure Head Actual (As per Actual (As per
    Fiscal Year Budgeted Budgeted
    # Audit Report) Audit Report)
    Faculty and
    1 Supporting Staff 2021-2022 7,811,703 10,014,010 9,197,727 10,570,897
    Salaries
    Maintenance of
    2 2021-2022 147,471 187,681 158,167 261,142
    Existing Facilities

    3            

    4            

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