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Financial Management

 

 

The university adheres to prudent financial management, planning to utilize limited budgets to achieve maximum efficiency, aiding resource allocation decisions and promoting university affairs to achieve overall sound university development goals. Financial information is managed by the Accounting Office using automated accounting operations. At the end of the academic year, financial statements are prepared according to Ministry of Education regulations and are audited and certified by accountants before being submitted to the Ministry of Education for record-keeping. The accountant's certification and internal control recommendation reports are published on the university's Accounting Office website.

 

Financial Overview

The university's income sources include seven major categories. In the 2022 academic year, the primary source of income was tuition and fees, accounting for approximately 55.68% of total income (about NT$1.23 billion), indicating stable enrollment. The second largest source of income was subsidies and donations, accounting for approximately 21.71%. This income mainly came from Ministry of Education grants and the Higher Education Sprout Project, demonstrating that the university’s teaching and student learning effectiveness are highly regarded. The third largest source of income was industry-academia collaboration, accounting for approximately 17.86%, showing a growing trend year by year. This indicates the university’s emphasis on practical teaching and collaboration with industry.

 

Income Analysis (unit: NT$)

Subject

Academic year 2020

Academic year 2021

Academic year 2022

Tuition fee income

1,298,559,203

1,292,661,125

1,227,810,467

Education promotion income

18,032,894

15,442,726

16,506,640

Industry-academia collaboration income

352,218,719

381,883,510

393,886,536

Other teaching activityrelated income

5,681,480

7,711,233

11,894,136

Subsidy and donation income

460,968,246

442,708,351

478,638,241

Financial income

4,419,646

5,520,533

11,911,097

Other income

66,928,178

60,139,814

64,525,593

Total

2,206,808,366

2,206,067,292

2,205,172,710

 

Expenditure Analysis (unit: NT$)

Subject

Academic year 2020

Academic year 2021

Academic year 2022

Board of Directors' expenditure

10,141,459

7,071,620

3,232,146

Administrative management expenditure

261,845,340

218,296,360

224,744,625

Teaching research and training expenditure

1,528,354,602

1,557,177,541

1,572,630,336

Scholarship expenditure

112,306,072

118,173,681

111,180,370

Education promotion expenditure

9,722,084

9,864,502

10,580,321

Industry-academia collaboration expenditure

193,008,252

211,538,948

213,944,252

Other teaching expenditure

10,399,558

14,669,468

16,335,818

Financial costs

0

24,559

272,461

Other expenditure

11,220,560

19,691,964

12,966,782

Total

2,136,997,927

2,156,508,643

2,165,887,111

 


Project Funds Subsidized by the Ministry of Education (unit: NT$)  

Subject

2021

2022

2023

Incentive grants for private technical colleges

118,565,333

112,940,507

112,669,412

Higher Education Sprout Project

196,560,000

195,553,000

242,848,000

Total

315,125,333

308,493,507

355,517,412

 

 

Teaching Resource Funding  

Through budget ratio statistics, it is possible to understand the recurring expenses per student. The higher the budget ratio, the more resources the school invests. In the 2022 academic year, the average teaching resource funding per student at the university was approximately NT$136,986.

 

Teaching Resource Funding Ratio (unit: NT$/person)  

Academic year

Current expenses

(A)

Number of

students (B)

Funding ratio

(C=A/B)

2020

2,136,997,927

16,598

128,750

2021

2,156,508,643

16,482

130,840

2022

2,165,887,111

15,811

136,986

 

Financial Risk and Opportunity Management

Financial Strategy

Risk - Low Birth Rate

Opportunity - Diverse Sources of Revenue

Zero debt operation, expand diversified revenue sources, and fortify the internal control mechanisms.

The low birth rate has resulted in a decline in tuition fee income.

Expand revenue via industry-academia collaborations, education promotion, and subsidy incomes to expand diverse sources of revenue.

 

In response to the impact of declining birth rates and the development needs of becoming a model technological university, our school adheres to the principle of "zero-debt operation." We diversify financial sources and strengthen internal control mechanisms. Based on the school development plan, we plan the budget, monitor budget execution through the online budget system, and at the end of each academic year, an internal visitation team conducts on-site evaluations to review the effectiveness of budget execution.

Additionally, our school strengthens the business of industry-academia cooperation and extension education through the Environmental Toxicology and Emerging Contaminants Research Center and the Cultural Heritage Conservation Research Center. We actively seek grants and subsidies from the Ministry of Education and other government departments. We also recruit students for specialized programs such as military base classes, overseas Chinese students, and migrant workers to expand financial sources. Furthermore, we implement internal control functions based on internal risk assessments to reduce inefficient use of resources.

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