VUT_Report 2018_Finale

VAAL UNIVERSITY OF TECHNOLOGY
ANNUAL REPORT 2018
Foundation Provision Grant Grants
Earmarked
Allocation 2018/19
(R)
Original Allocation:
R 1 906 000
Additional Allocation:
R 6 072 000
2018
Expenditure
R 17 620 000
Progress (Explain variance and steps to improve if target not met)
Of the original allocation of R 1 906 000, only R 762 000 (40%) was released and
received. This was due to DHET not releasing the remaining 60%, following the 2017/18
report.
In January 2019, an additional allocation was made by DHET for 2018/19.
The expenditure against the grant was predominantly for salaries of staff. The only
exception is R 28 975.00, which was paid for assistance of a student with a visual
disability.
VUT will not be offering any extended programmes during 2019, and will use this time to
develop extended programmes that meet all the criteria set by DHET.
Maintenance, Infrastructure and Efficiency Grants
Earmarked Allocation (R)
2012-2015
Infrastructure and Efficiency Fund
R 295,635,000
Over the period
2015/2016
Deferred Maintenance and
Refurbishment:
R 31 503 000
2016/2017
Infrastructure and Efficiency Grant:
R 36 894 000
2017/2018
Deferred Maintenance and
Refurbishment:
R 42 743 000
2018/19 – 2020/21
Infrastructure and Efficiency Grant
R 64 000 000
2016/2017 Student Housing Allocation
R 90,000,000
2018
Expenditure
R 6 640 821
R 14 531 421
-
-
Progress (Explain variance and steps to improve if target
not met)
Expenditure from the DHET contribution towards the projects
under this grant was for:
• R1 481 667 for equipment at the African Languages & Disability
Unit
• R751 350 for furniture at the African Languages & Disability Unit
• R4 407 804 for construction of the Life & Physical Science’s
Building
Further expenditure for the projects under this grant was paid for
from VUT funds.
During 2018 the following projects were funded from the grants:
• Implementation of the Electrical Plan
• Refurbishment of Ablutions
• Electric Security Fence
• Renovations to Laboratories
• Renovations to Residences
• Roof Repairs
Projects will continue in 2019.
No expenditure has been incurred yet for the projects approved
under this grant.
The purchase of Academia was negotiated in 2018, and will be
finalised in 2019.
A further allocation of R55 000 000 was made, leaving the balance
at the end of 2018 at R145 000 000.
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