Annual Report 2008 - Central Queensland University

More documents

Recommendations

Info

Financial Viability & Summary resulting from the write down of the University’s investment in the QIC Growth Fund. The University’s liquidity improved slightly over 2007, to $101.4 million, despite the write down in the value of the QIC Growth Fund Investment. The New CMS At the start of 2008, the University bought out its joint venture partner in C Management Services Pty Ltd (CMS), which manages CQUniversity’s Australian International Campuses, for $12 million. In 2008 CQUniversity saw a $7.5 million return on that investment from dividends from pre-acquisition profits and Management Fees received. Now a 100% wholly owned entity of the University, the CMS Board has been reconstituted with five Directors appointed by the University Council as the sole shareholder. The Board has two independent Directors one of whom is the Chair. (See details in Entities Controlled by the University). The Board reports regularly to the Council as shareholder and the Vice-Chancellor attends all Board meetings. Largely based on a model employed when CQUniversity owned 50% of CMS, interaction between the two entities is lead by a Strategic Management Group (SMG) comprising the Deputy Vice-Chancellor as Chair, the Executive Director (Resources), the Executive Director (Corporate Services), the CMS CEO, Chief Financial Officer, and General Manager Group Operations. The SMG is serviced by a Project Officer and underpinned by a number of operational units (user groups such as Finance, Marketing, Faculties and Library) who attend meetings as required on specific items. The Strategic Management Group meets monthly. CQUniversity Selected Revenue Items 140,000,000 CQUniversity Selected Expenditure Items 2007 120,000,000 120,000,000 2008 100,000,000 100,000,000 80,000,000 80,000,000 60,000,000 60,000,000 40,000,000 40,000,000 20,000,000 20,000,000 0 Government Grants HECS - HELP Fees and Charges Investment Income 0 Employee Benefits Management Fees Investment Losses The Year Ahead CQUniversity will conclude its restructure (of Faculties and Divisions) in 2009 which is expected to contribute to increased efficiencies and a further reduction in expenditure. The University is anticipating increases in student numbers at the Australian International Campuses and overseas with the commencement of a new partnership arrangement in Singapore with the Melior Education Group.Domestic student numbers are expected to drop slightly in 2009 compared to 2008, however this does not include any increase which may occur because of the current financial downturn. 84 We also anticipate the Queensland Treasury Corporation’s Review of the University (supported by both the Federal and State Governments) which was commenced in 2008 will be released in 2009. The study, regarding the financial viability and longterm sustainability of the University, covers the period ending 31 December 2011.
Student Outcomes & Statistics Australian Graduate Survey Statistics CCQUniversity graduates have one of the highest employment rates in the country. The results of the 2008 Australian Graduate Survey (AGS) showed that 91.9% of CQUniversity bachelor degree graduates were in full-time employment at the time of the survey. This compared with the national average of 85.2%. (Graduate Careers Australia 2008). Employment rates Area of study National average CQUniversity Accounting 88.60% 95.10% Building 91.60% 95.20% Business Studies 84.80% 91.10% Computer Science 84.20% 93.20% Education Initial 82.90% 88.90% Health Other 87.40% 92.30% Humanities 75.30% 82.80% Life Sciences 74.60% 83.90% Nursing Basic 96.70% 100.00% Other Engineering 92.40% 100.00% Psychology 77.30% 92.30% Social Work 86.40% 100.00% Reporting against the Strategic Plan 2007-2011: Organisational Academic Focus, Sustainability, Capacity and Competitiveness Extracted from the Graduate Careers Australia’s Graduate Destination Survey. Figures are based on the percentage of Australian citizens, permanent residents of Australia and New Zealand bachelor degree graduates who completed their degree in 2007, gaining full-time employment within four months of completing their degree. 85
Page 1 and 2:
Annual Report 2008
Page 3:
CQUniversity, our students and our
Page 6 and 7:
04 doing the unexpected
Page 8 and 9:
06 making a world of difference
Page 10 and 11:
08 really understanding
Page 12 and 13:
Contents From the Chancellor 11 Who
Page 14 and 15:
CQUniversity in brief 2008 Revenue
Page 16 and 17:
Who we are and what we do In 2008 C
Page 18 and 19:
It is the duty of members of the Un
Page 20 and 21:
Corporate Governance Professional D
Page 22 and 23:
Corporate Governance Freedom of Inf
Page 24 and 25:
Corporate Governance Audit, Complia
Page 26 and 27:
Corporate Governance C Management S
Page 28 and 29:
From the Vice- Chancellor and Presi
Page 30 and 31:
Chancellor Rennie Fritschy Vice-Cha
Page 33 and 34:
CQUniversity’s plans have to cate
Page 35 and 36: The four organisational perspective
Page 37: Meet Kerry, she has them rolling in
Page 40 and 41: Strategic Focus operational plans w
Page 43 and 44: Our students come from all walks of
Page 45 and 46: The Faculty established the Centre
Page 47 and 48: CQUniversity Jazz student drummer A
Page 49: New streamlined donor-centric proce
Page 52 and 53: Learning & Teaching Online has prov
Page 54 and 55: Learning & Teaching • Respond to
Page 56 and 57: Learning & Teaching CQUniversity ha
Page 59 and 60: Our research underpins innovation i
Page 61 and 62: This institute is supported by rese
Page 63 and 64: CENTRE FOR MUCOSAL IMMUNOLOGY This
Page 65 and 66: The University’s ethics and regul
Page 67: This is Adam, he’s taken a sharp
Page 70 and 71: Staff Excellence & Proficiency and
Page 72 and 73: Staff Excellence & Proficiency Empl
Page 74 and 75: Staff Excellence & Proficiency elig
Page 77 and 78: We are ensuring our Customer Relati
Page 79 and 80: pages associated with prospective s
Page 81 and 82: Benchmarking and Quality Assurance
Page 83: Smile with Simone, she leads the wa
Page 88 and 89: Student Outcomes & Statistics CQUni
Page 90 and 91: Student Outcomes & Statistics MELBO
Page 92 and 93: Student Outcomes & Statistics Stude
Page 94 and 95: Appendix A: Strategic Plan 2009-201
Page 96 and 97: Strategic Plan 2009-2012 Research &
Page 98 and 99: Strategic Plan 2009-2012 Domestic E
Page 100 and 101: Strategic Plan 2009-2012 People & P
Page 102 and 103: Strategic Plan 2009-2012 Governance
Page 104 and 105: Appendix B: Details of Members of t
Page 106 and 107: Surendra Sharma Surendra is the ele
Page 108 and 109: 106 Name Position Title Destination
Page 110 and 111: 108 Name Position Title Destination
Page 112 and 113: Appendix D: Consultancy Expenditure
Page 168 and 169:
CQUniversity Brisbane International
show all

Annual Report 2008 - Central Queensland University

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?