- Increasing Self-generated Revenue and Streamlining University Operations
- Financial Status of Iwate Prefectural University
- Expenses per student and per faculty member (Academic year 2015)
- Revenue and expenditures for Academic Year 2015〈Revenue〉
- Revenue and expenditure for Academic Year 2015〈Expenditures〉
- Revenue and Expenditure for Past Five Years
- column4：Establishment of Iwate Prefectural University Future Creation Fund
Due to the increased number of students, the revenue of student payments such as tuition has increased,utilizing contracted projects to take measures to develop human resource for the next generation.
Furthermore, we have concentrated on reviewing and strengthening details of the projects, while we work to reduce costs by improving the efficiency of administrative tasks, “the Special Budget for Enhancing Educational Abilities” education and research activities in this year.
1 “Assets offsetting liabilities” is a special measure for public university corporations, used so that depreciation does not affect the calculation of profits and losses.
When fixed assets are acquired, an amount equivalent to these assets will be calculated as liabilities, and whenever expenses are incurred from depreciation, the amount will be reserved to income.(Note) Numbers have been rounded off so there may be cases in which numbers do not add up to the totals.
Total educational and research expenses for Iwate Prefectural University were 5,767,660,000 yen for Academic Year 2015.
Educational expenses per student were approximately 890,000 yen,including education expenses, education and research support expenses, and part of faculty personnel expenses.
Research expenses per faculty member were approximately 2,340,000 yen.
● Education and research expenses
● Education expenses per student
*2 Since faculty members conduct both educational and research activities, the personnel expenses relevant to education were calculated as 1/2.
● Research expenses per faculty member
(Note) Numbers have been rounded off so there may be cases in which numbers do not add up to the totals.
Operational subsidies from Iwate Prefecture account for 62.9% of Iwate Prefectural University’s revenue. Self-generated funds, excluding tuition, matriculation and examination fees, and research income from collaborations between industry and academia account for 35.0% of the revenue.
*Assets offsetting liabilities reimbursement is the monetization of the match asset depreciation amount from assets offsetting liabilities.
Education and research expenses account for approximately 28.1% of expenditures.
Revenue and expenditures for Academic Year 2015(A-B) 303,031,000 yen
Approximately 60% of our income is an operational grant issued by Iwate Prefecture. Due to the 0.7% reduction per annum calculation method, there is a trend toward reduction of income for the future. However, we took steps to secure income, including acquiring external funds, subsidies, and utilization of revenue from industry-university joint research.
Due to the increase in retirement benefit payouts and administrative costs related to the implementation of extensive repairs of the facilities, the total spending for the 2017 academic year increased by 8,2280,000 yen from the previous year.
In 2018, the University will celebrate its 20th anniversary milestone. To secure the necessary financial resources needed to stabilize the operations of the University and to further enhance educational research activities, the Iwate Prefectural University Future Creation Fund was established in April 2016.
The Fund is supported by individuals, corporations, and organizations who identify with our cause, and their generous donations (1,000 yen increments) which helps the Fund produce tangible results. The contributions will fund:
- Operations vital to enhance education and research activities
- Projects that support students and international students
- Operations vital to promote industry-academia-government cooperation and activities that encompass social responsibility to the local community and the larger society
- Projects vital to support reconstruction efforts in the disaster areas
- Projects vital to enhancing facility management and University operations
