Annual Report 2000–01

由於校方今年更改了員工假期福利的記賬政策， 賬面上的經常支出大幅度增加。若撇除該項目， 總經常開支的增長只是百分之五。 大學的行政經費仍只佔總開支的百分之五點七， 顯示本校的行政隊伍極為精簡。 總專用收入只輕微增加，但由於自資課程增長迅 速，該方面的進賬今年佔「其他營運收入」總額 的百分之七十。為滿足社會對終身學習的需求， 校方已計劃撥款添置相關敎學設施。而基於政 府持續削減對大專院校的資助，自資課程的收入 對大學的財政將更形重要。 受到員工假期福利記賬新政策的影響，本年度 錄得赤字四千八百萬元。幸而敎資會撥款平衡賬 內仍有結存四億七千七百萬元，是以該赤字對 大學儲備金的影響輕微。 年終之時，大學的財務狀況十分穩健，流動資產 比去年增加了百分之四十一，達二十七億四千 萬元，是歷年最高紀錄。由於投資市場動盪，大 學將大部分儲備投資在一些風險較低的定息票 據。因此，現金及定期存款由去年的二十五億 元，大幅增加至本年的三十四億元。 敎資會於下個撥款期將再次削減資助，而環球 經濟又逐步陷入衰退，大學勢必受到影響。可幸 大學多年來的小心經營，締造了穩固的財政根 基，應可安然渡過未來三年的艱難日子。 and prudent management of the investment portfolio. The sharp increase in general expenditure was due mainly to the provision for staff-leave, which was treated as a liability and charged through th e income and expenditure account this year. If such provision was excluded, the actual increase in general expenditure was only 5 per cent higher than 1999-2000. Administrative expenditure remained at the same level on a percentage basis, i.e. 5.7 per cent of the total general expenditure. The University had continued to maintain a very lean administration. Specific fund income increased only slightly but self- financed teaching programmes had been growing fast and contributed to 70 per cen t of the amount recorded as Other Operating Income. In anticipation of the greater demand for lifelong higher education, facilit y expansion plans were in the pipeline. With continuous funding cuts by the government, income from self-financed programmes is expected to play an increasingly important role in the finances of the University. At the end of the year 2000-1, University accounts registered a small operating deficit of $48 million, due mainly to the change o f accounting policy for staff-leave provision. With the $477 million brought forward in the UGC equalization account, th e negative impact of such a deficit on the Reserves balanc e was immaterial. The University's balance sheet shows a healthy financial position at the year end , with current assets rising to an all time high of $2.74 billion, which was 41 per cent higher than last year. Due to the volatility of the global security market, surplus operating cash was placed in less risky fixed income instruments. Consequently, the total Cash and Time Deposits balance soared to $3.4 billion from $2.5 billion of last year. The UGC funding cut for the 2001-4 triennium and the deteriorating global economy will exert a negative impact on the finances of the University in the coming three years. But the healthy financial base that was built up over the years will help to tid e the University over. 82 捐贈、財務與賬目 DONATIONS, FINANCE A N D ACCOUNTS