Tribune News Service
Chandigarh, November 13
The Board of Finance of Panjab University has passed Rs 577.77 crore expenditure budget for 2019-20, a rise of 5.36% from the last session.
The revised estimate for 2018-19 is Rs 548.37 crore, whereas for 2017-18 it was Rs 511.32 crore.
The income for 2019-20 would be Rs 577.32 crore. There is a gap of Rs 45 lakh in income and expenditure.
Expenditure
The salaries of teaching and non-teaching staff would cost Rs 361.52 crore in 2019-20 (62% of the total expenditure), which is a rise of 6.11% from revised estimate of Rs 340.69 crore of 2018-19.
The salary liability includes expenditure to be incurred from filling up of 27 teaching positions, Dean College Development Council, Chief Security Officer and Deputy Registrar for 2019-20.
The retirement benefits would cost Rs 20.38 crore, while revised estimate for 2018-19 is Rs 17.66 crore — a rise of 15.39%.
A total of Rs 83.44 crore has been earmarked for pensions in 2019-20, which is a rise of 4.18% from revised estimates of Rs 80.09 crore for 2018-19.
Similarly, Rs 3.22 crore would be spent on running, repair and maintenance of equipment and vehicles, a rise of 12.81%, while Rs 2.85 crore was earmarked in revised estimate for 2018-19.
The expenditure on hostels and sports activities has jumped by 4.92% and 5.34%, respectively.
A total of Rs 9.92 crore would be spent on books and journals in 2019-20, which is a dip of 6.59%, while Rs 3.18 crore would be spent on teaching and research aids and other outreach activities, again a dip of 8.36%.
The scholarships or fellowships also see a dip of 2.86% as only Rs 4.59 crore has been earmarked for it. Under the head, ‘New Academic Programme, Registration Fee, NAAC Fee’, there is dip of 53.81% as only Rs 24.13 lakh has been earmarked for it.
Income
The examination fee would contribute Rs 155.30 crore in income of PU budget in 2019-20, which is 51% of the total income generated by the varsity on its own. The examination fee income sees a rise of 1.44% from 2018-19.
The tuition fee could rise for 2019-20 as contribution under the heads of both traditional and partially self-financed courses has risen.
The contribution from traditional courses fee sees a rise of 49%. The traditional courses will contribute Rs 14.5 crore (5% of the total income) to the PU income against Rs 9.73 crore in 2018-19. In 2017-18, the fees from traditional courses stood at Rs 9.07 crore, a rise of just 7.32% from the previous year.
The contribution from fee of partially self-financed departments is set to rise by 9.33%. In 2019-20, these departments will contribute Rs 65.50 crore (21% of the total income), while in 2018-19 their contribution is Rs 59.90 crore.
The contribution in income from the University School of Open Learning (USOL) would rise by 18.32%. It would contribute Rs 19.50 crore (6% of total income) in 2019-20 against Rs 16.48 crore in 2018-19.
The budget shows the hostel fee contributing Rs 14.29 crore in 2019-20, which is a rise of 6% from the 2018-19 fiscal. However, the rise in 2018-19 as compared to 2017-18 was higher at 9.5%.
PU to take steps to enhance revenue
Other decisions
Break-up of income
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