The UvA will have more money to spend in 2019. Revenues are expected to increase by 5% compared to the 2018 budget, and it is expected that there will be scope for investment in education and research in both the short and long term. This has emerged from the Draft Budget for 2019 that was adopted on 9 October by the Executive Board.
Part of the reason for the increase in revenues is that in 2019, for the first time, funds will be available from the government grant for implementing quality agreements. The faculties are also expecting greater turnover in contract research, thanks to the growth in the number of awards to UvA researchers. Revenues from contract teaching will rise as well.
In contrast to this increase in revenues are the effects of structural underfunding of higher education. In the framework letter and in previous budgets, the UvA has already taken into account the impact of government efficiency cuts.
Clear agreements will be made with the representative advisory bodies on how the quality resources are to be used at both central and decentralised levels. These agreements are expected to be in place in early 2019. In the budget, resources are being made available to the faculties now, so that they are ready for deployment in 2019.
The rising revenues mean that prices (such as credit and degree prices) and budgets in the allocation model can be increased. The prices and budgets in the budget are being increased by 3.5%. This means that the faculties should at least be able to cope with rising wage costs and price increases and to some extent there is more financial scope in general.
More scope has been found in the budget for every unit to invest from the reserves. This is not about additional structural expenditure, but about extra scope for projects and modernisation boosts aimed at making a structural impact.
Serious consideration has been given in this budget to a pre-investment in ICT. A large additional investment in ICT will be needed in the next few years if the university is to remain competitive with the rest of the world and if it is to be a decisive player in the next major step on the digitisation road.
The Draft Budget also shows that the UvA expects the increase in revenues to continue, although not to the same degree as in 2019. This growth strengthens our confidence that the renewal course now being pursued can be maintained on a structural basis.
As well as the UvA budget and the draft budget for the units, the Draft Budget contains other information, including the Updated Building Premises Plan and the Contours of the ICT Project Portfolio. Consequently, it provides an insight into how every plan and ambition fits within the financial frameworks set out in the 2019 Framework Letter.
The Draft Budget 2019 will also be used for gaining renewed consent to the outlines of the budget by putting it to the Joint Assembly.
The Executive Board warmly welcomes responses from students and employees to the Draft Budget 2019 (see bottom of this notice). Questions and comments are welcome and may be emailed to firstname.lastname@example.org.
The questions and comments received will be passed on to the Central Works Council and the Central Student Council. After the end of the response period, the responses will be collected and commented on, and will be presented to the representative advisory bodies.
The response period runs until 30 October 2018. The consent period and the advisory period for the Central Councils ends on 23 November 2018.
After the consent to the outlines of the budget has been granted by the Central Councils, the definitive budget for 2019 will be adopted in December this year. The Supervisory Board is due to give its approval to the budget in its meeting of 18 December 2018. The definitive budget will be published on the UvA website.