Annual Report 1998-99

財務與賬目 為 應 付 一 九 九 八 的 三 年 撥 款 期 內 政 府 資 助 額 削 減 共 百分之十，以及由亞洲金融風暴引發的經濟不景，本校是年度 採用更為謹慎及穩健的方式管理財政。 於一九九八至九九財政年度終結時，本校的財務狀況經已進一 步鞏固下來：總資產淨值增長百分之卅八，達廿六億港元； 投資項目總值因主要股票市場在一九九九年上半年反彈而增至 十一億港元；現金及定期存款在出色的管理下，增長了百分之 四十二（即五億二千一百萬港元），躍升至十八億港元；累積 儲備亦增至六億四千三百萬港元。本校未來之活動雖受敎資 會削減撥款政策所影響，但基於較豐裕之財政儲備，可望將影 響減至最輕微。 本年度的經常收入較去年增加了百分之五（即一億四千七百萬 港元），達卅一億港元，而政府撥款佔經常收入的比率依然維持 在百分之八十左右。學費收入方面，由於政府把學費金額凍結 在一九九七至九八年度的水平，故微降至四億七千七百萬港元。 本年度經常總支出輕微下降了百分之七（即一億八千七百萬港 元），金額為廿七億港元。其中九千七百萬港元的減省，是 由於居所資助計劃的支出改撥在專用款項名下。經常總支出實 質下降了百分之三，符合校方所訂的目標。房屋福利支出的重新 分類，也使行政經費和敎務經費佔總支出的比率相應增加：行 政經費的比率由上年度的百分之五點二增至本年度的百分之五點 八；而敎務經費的比率則由百分之七十三點五增至百分之七十 六點六。本校的行政經費依然是眾多受敎資會資助的院校中極 低者。此有賴內部管理效率檢討的成功，既節省了成本，亦提高 了行政支援單位的效率。 本校鞏固了財務基礎後，仍會繼續以謹慎的態度改革管理資源 的方法’以維持高度彈性，應付未來經濟環境的轉變。 f i n a n c e a n d a c c o u n t s To cope with the government's 10 per cent funding cut during the 1998- 2001 triennium and the unfavourable economic conditions brought about by the Asian financial crisis, the University has been most conscientious and careful in managing its financial resources during the year. As a result the financial position of the University at the end of 1998-99 was further strengthened. Total net assets increased by 38 per cent to HK$2.6 billion. Investments picked up to reach HK$1.1 billion as major stock markets rebounded in the first half of 1999. Through diligent cash management, the cash and time deposit balances experienced a significant growth of 42 percent, or HK$521 million, to reach HK$1.8 billion. With cumulative reserves of HK$643 million at the year end, the University is confident that its activities will not be adversely affected by the current round of UGC funding cut. Total general income increased by 5 per cent, or HK$147 million, to HK$3.1 billion. The proportion of income from government subventions was maintained at around 80 per cent. Total fees income dropped marginally to HK$47 7 million as tuition fee was frozen at the 1997-98 rate by the government. Meanwhile, total expenditur e showed a decrease of some 7 per cent, or HK$187 million, t o HK$2.7 billion. Some HK$97 million of such reduction was attributed to the reclassification of Home Financing Scheme expenses under the Specific Funds. In actual fact total expenditure dropped by 3 per cent only, whic h was nonetheless in line with the University's target for 1998-99. The housing benefit expense reclassification also contributed to a proportional percentage increase in administration expenditure (from 5.2 per cent in 1997-98 to 5.8 per cent in 1998-99) and in academic expenditure (from 73.5 per cent to 76.6 per cent). Administration expenditure however continues to be the lowest among UGC-funded institutions. Internal management efficiency reviews have proved to be successful in containing costs and increasing the efficiency of administrative support units. Having consolidated its financial strength, the University will continue to apply innovation and vigilance to resource management so that it can maintain the highest degree of flexibility in the face of the changing economic environment. 捐 贈 、 財 務 與 賬 目 Donations, Finance and Accounts 80