VISION MISSION

FINANCESMr. M.E. DlaminiBursarEXECUTIVE SUMMARYDuring the period under review, the fundingof the University continued to be a sourceof concern to the University Council andManagement. At present, the major source of revenueis the Government subvention, which constitutes 83%,followed by tuition and fees at 13% of the total revenue.Consequently, the University approached the SwazilandGovernment for supplementary funding of E148.5million but due to the very diffi cult economic situationand serious budget constraints, no additional fundswere received.The operations budgets for departments have continuedto decline and departments are fi nding it increasinglydiffi cult to survive with the meagre resources at theirdisposal.In an effort to minimize expenditure and improveeffi ciency, the University has embarked on a privatizationof support services such as security and cleaning. TheBookshop is likely to be in the hands of a private vendorby August 2011.The exercise will reduce personnel costs and freesome resources for the core business of the University,which is teaching, research, and community service.In addition, the University has adopted a number ofaustere measures to control and monitor expenditure.The fi nancial support the University receives fromGovernment as a public institution is appreciated. Forits part, the University will continue to use allocatedfunds judiciously.The declining budgetary support over the years,combined with pressure to increase the intake ofstudents in all programmes, e.g. Postgraduate Certifi catein Education, have caused the University’s physicalfacilities to fall into a severe state of disrepair throughoveruse. The inability of the University to keep physicalfacilities and laboratory equipment in an operationalstate will in the medium term lead to a sharp decline inthe quality of teaching and research, the core businessof the institution.In the year under review, the Swaziland Government hascontinued to provide E5 million for the rehabilitation ofphysical infrastructure and laboratories.REPORT OF THE VICE CHANCELLOR 11006