Financial Management
Financial Overview
In Academic Year 2023, the university’s total revenue reached approximately NT$2.278 billion, an increase from the previous year, primarily due to growth in continuing education, industry–academia collaboration, subsidies, and donations. Revenue came from seven main sources, with tuition and miscellaneous fees as the largest, accounting for 49.76% (around NT$1.13 billion). The second largest source, subsidies and donations, made up 27.13%, mainly from Ministry of Education grants such as the Higher Education Sprout Project, reflecting strong recognition of the university’s teaching and student learning outcomes. The third largest source, industry–academia collaboration, accounted for 18.01% and has shown steady growth, underscoring the university’s emphasis on practical training and industry partnerships. On the expenditure side, the largest portion was allocated to teaching, research, and student support (about 73.82%), highlighting the university’s student-centered approach to education.
Revenue Analysis (unit: NT$)
|
Revenue Item |
Academic Year 2021 |
Academic Year 2022 |
Academic Year 2023 |
|
Tuition and Miscellaneous Fees |
1,292,661,125 |
1,227,810,467 |
1,133,703,427 |
|
Continuing education income |
15,442,726 |
16,506,640 |
19,745,577 |
|
Industry–academia collaboration income |
381,883,510 |
393,886,536 |
410,308,074 |
|
Other educational activity income |
7,711,233 |
11,894,136 |
12,603,388 |
|
Subsidies and Donation |
442,708,351 |
478,638,241 |
618,012,408 |
|
Financial income |
5,520,533 |
11,911,097 |
14,975,424 |
|
Other income |
60,139,814 |
64,525,593 |
68,943,455 |
|
Total |
2,206,067,292 |
2,205,172,710 |
2,278,291,753 |
Expenditure Analysis (unit: NT$)
|
Expenditure Item |
Academic Year 2021 |
Academic Year 2022 |
Academic Year 2023 |
|
Board of Directors Expenditures |
7,071,620 |
3,232,146 |
2,767,104 |
|
Administrative management expenditures |
218,296,360 |
224,744,625 |
235,038,160 |
|
Teaching, Research, and Student Support Expenditures |
1,557,177,541 |
1,572,630,336 |
1,679,486,057 |
|
Scholarship and Grant Expenditures |
118,173,681 |
111,180,370 |
100,944,337 |
|
Continuing education expenditures |
9,864,502 |
10,580,321 |
10,544,903 |
|
Industry–academia collaboration expenditures |
211,538,948 |
213,944,252 |
216,026,471 |
|
Other educational expenditures |
14,669,468 |
16,335,818 |
17,329,699 |
|
Financial expenses |
24,559 |
272,461 |
229,269 |
|
Other expenditures |
19,691,964 |
12,966,782 |
12,743,278 |
|
Total |
2,156,508,643 |
2,165,887,111 |
2,275,109,278 |
Project Funding – Ministry of Education Grants
|
Year |
Private Technical And Vocational University Incentive Grants |
Higher Education Sprout Project |
Total |
|
2022 |
112,940,507 |
195,553,000 |
308,493,507 |
|
2023 |
112,669,412 |
242,848,000 |
355,517,412 |
|
2024 |
124,060,777 |
245,273,000 |
369,333,777 |
Teaching Resource Funding
The funding ratio indicates the amount of recurrent expenditure per student; a higher ratio reflects greater resource investment by the university. In Academic Year 2023, the average teaching resources funding per student was approximately NT$154,654.
Teaching Resource Funding Ratio (unit: NT$/person)
|
Academic year |
Funding ratio (C=A/B) |
|
2020 |
128,750 |
|
2021 |
130,840 |
|
2022 |
136,986 |
| 2023 | 154,654 |
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 need to advance toward becoming a model technological university, the university adheres to a zero-debt operation policy, diversifies revenue sources, and strengthens internal control mechanisms. Budgets are planned in line with the institutional development plan, with an online budget system used to monitor execution. At the end of each academic year, an internal review team conducts on-site evaluations to assess budget performance.
The university also enhances industry–academia collaboration and continuing education through the Environmental Toxins and Emerging Pollutants Research Center and the Cultural Heritage Restoration Center; actively secures grants and subsidies from the Ministry of Education and other government agencies; expands revenue by enrolling in specialized programs for military bases, overseas Chinese students, and migrant workers; and implements internal control measures based on risk assessments to prevent inefficient resource use.
