Faculties are responsible for all revenue and managing direct expenses.
Faculties are responsible for achieving all revenue targets, managing direct expenses, central support services costs and development plans which include a strategy for investment. VCG agrees the return or subsidy targets for each faculty. VCG sets out University-wide growth, revenue and expense strategy. Faculty revenue is projected by Financial Resources Management in consultation with faculties Faculty revenue is projected by the faculty in consultation with Financial Resources Management. VCG As is the current practice, the expense budget is assumed to be the same as the revenue budget.