Financial management |
● The academic year 2021 teaching resource funding was NT$128,616 per person. ● Income generated through industry-academia collaboration was increased by 8.42% in academic year 2021. |
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● The financial reports were audited and approved by accountants. ● Diverse revenue sources were expanded and the internal control mechanism was fortified. |
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The School upholds sound financial management and utilizes limited budgets to maximize benefits in a bid to facilitate resource distribution decisions and advance school administration, thereby attaining the overall target of sound school administration and development. Concerning financial information, the Accounting Office has adopted automated accounting operations. At the end of the academic year, the final statement is compiled by the regulations of the Ministry of Education. After being verified and approved by accountants, it is submitted to the Ministry of Education for future reference and published on the website of the School’s Accounting Office.
The School’s income is generated through seven major sources. The primary income in academic year 2021 was tuition fees, accounting for approximately 58.6% of the total income (roughly NT$1.3 billion), demonstrating the School’s stable student enrollment. The second largest source of income was subsidies and donations, accounting for about 20.07% of the total income; subsidies and donations mainly consist of the Ministry of Education’s incentive subsidies, Higher Education Sprout Project, and other project subsidies. Consequently, it was evident that the School’s education was student learning-oriented, and the effectiveness of teachers’ teaching and student learning were both recognized and subsidized. The third largest income was from industry-academia collaboration, which accounted for roughly 17.31% on average and exhibited a growing trend every year. This was shown that the school emphasized practical teaching and the collaboration with the industries.
The School can ascertain the current (expenditure) expenses shared by each student through the funding ratio statistics. The higher the funding ratio, the more resources the School invests. From academic year 2019 to 2021, each student received approximately NT$126,674 in teaching resource funding from the School.