Budget Income & Expenses

Income and Expenditure Estimates

Income and Expenditure Estimates for the year 2020

Category/ Object Title	Budgeted 2018	Actual Amounts	Estimate 2019
1. INCOME		30.09.2018
1.1 National Wealth Cor.L/NWSL	600,000,000	500,000,000	800,000,000
1.2 Interest Investment (MTF)	150,000,000	132,321,440	150,000,000
1.3 Share of Profit from DLB	800,000,000	505,104,190	900,000,000
1.5 SLIIT	20,000,000	20,000,000	20,000,000
1.6 Other Income (Dividend NWCL/NWSL	100,000,000	-	-
TOTAL INCOME	1,670,000,000	1,157,425,630	1,870,000,000

2. EXPENDITURE
Recurrent Expenditure	1,424,131,000	918,845,662	1,628,747,000
Scholarship Payments (Note 1)	1,398,688,000	900,332,165	1,594,782,000
Personal Emoluments (Note 2)	10,298,000	10,202,774	17,890,000
Maintenance Expenditure (Note 3)	1,900,000	395,671	1,900,000
Contractual Services (Note 4)	9,725,000	5,747,004	10,425,000
Other Recurrent Expenditure (Note 5)	1,560,000	408,233	1,550,000
Payment of Car Lease Rent	1,860,000	1,676,125	2,000,000
Other Expenditure	100,000	83,690	200,000

CAPITAL EXPENDITURE	16,000,000	1,740,203	21,000,000
Office Equipment	2,000,000	1,133,223	2,000,000
Building	1,000,000	606,980	-
Vehicles	8,000,000	-	17,000,000
New CMS website Development, Quick book Accounting software & Scholarship payments software	5,000,000	-	2,000,000
TOTAL EXPENDITURE	1,440,131,000	920,585,865	1,649,747,000
Net Surplus	229,869,000	236,839,765	220,253,000

Recurrent Expenditure Estimates

Expenditure Category	Notes	Budget 2018	Actual up to 30.09.2018	Estimate 2019
Scholarship Payment	1	1,398,688,000	900,332,165	1,594,782,000
Scholar ship Payment - University		1,326,000,000	853,797,204	1,475,302,500
Scholarship Payment - Technical		-	34,277,100	81,000,000
Scholarship Payment - Other		72,688,000	12,257,860	38,479,500

Personal Emoluments	2	10,298,000	10,202,774	17,890,000
Salaries & Wages		7,350,000	8,200,032	12,000,000
Overtime & Holiday Payments		300,000	362,529	500,000
Attendance Allowance		350,000	232,625	1,440,000
EPF		1,102,500	659,826	1,500,000
ETF		220,500	131,966	500,000
Gratuity		575,000	-	750,000
Staff Incentive		200,000	307,275	500,000
Other ( Leave encashment)		200,000	308,521	400,000
Helth Insurance		-	-	300,000

Maintenance Expenditure	3	1,900,000	395,671	1,900,000
Vehicle Maintenance		1,000,000	-	1,000,000
Maintenance of Office Equipment		400,000	122,796	400,000
Maintenance of Office Computer		500,000	272,875	500,000

Contractual Services	4	9,725,000	5,747,004	10,425,000
Stationary Expenses		500,000	679,607	750,000
Postage & Communication		300,000	623,925	750,000
Printing Charges		400,000	133,152	400,000
Advertising		200,000	-	300,000
Welfare Expenses		200,000	186,732	250,000
UGC Expenses		600,000	-	1,000,000
Vehicle Insurance		300,000	-	300,000
Transport A/C		75,000	-	75,000
Sundry		100,000	263,800	300,000
Traveling		50,000	144,621	200,000
Fuel Expenses		500,000	7,519	200,000
Office Rental Charges		5,000,000	2,955,863	4,000,000
Securitt/Cleaning Services		1,000,000	169,000	200,000
Electicity Expenses		-	300,535	600,000
Training & Capacity Building		-	-	300,000
Lalith Athulathmudali Memo:		500,000	69,550	500,000
Board Meeting member fees		-	212,700	300,000

Other Recurrent Expenditure	5	1,560,000	408,233	1,550,000
Annual Scholarship Awards		1,500,000	383,758	1,500,000
Bank Charges		60,000	24,475	50,000
TOTAL RECURRENT EXPENDITURE		1,422,171,000	917,085,847	1,626,547,000

Scholarship Payments 2019

Universtity	2011/12	2013/14	2014/15	2015/16	2016/17	2017/18	Total Students Intake
Eastern University/Trincomalee Campus	5	150	449	710	751	15,000
Gampaha Wickremarachchi Ayurveda Vidy			31	8	7
Institute of Indigenous Medicine	82		68	66	73
Rajarata University (Mnihintale)	82	200	609	673	814
Sabaragamuwa University			546	535	556
South Eastern University			801	908	905
Swami Vipulananda Inst of Aesthetic Studies			191	140	161
University of Colombo	193	500	1,246	1,182	1,521
University of Colombo-Computer School			69	83	94
University of Colombo-Sripalee Campus			92	69	99
University of Jaffna	98	200	915	1,165	1,271
University of Jaffna Vavuniya Campus			104	124	109
University of Kelaniya	70	150	1,590	1,551	1,820
University of Moratuwa			836	775	828
University of Peradeniya	129	500	1,381	1,318	1,452
University of Ruhuna-Matara	85	200	1,015	907	1,009
University of Sri Jayawardenapura	62	450	1,859	1,894	2,029
University of Visual & Performing Arts			348	330	330
University of Visual & Performing Arts 2
Uva Wellassa University			167	229	251
Wayamba University			358	509	574
Total Students	806	2,350	12,675	13,176	14,654	15,000	57,855
Total Amounts							1,475,302,500

Other Hig: Edu: Institute	2011/12	2013/14	2014/15	2015/16	2016/17	2017/18	Total Students Intake
Buddhist & Pali University		18	22	25	28	1,000
Bikshu University of Sri Lanka			25	25	26
National Institute of Social Development		9	9	9	10
Law College			20	20	25
N.D.T			70	70	98
Total Students		27	146	149	187	1,000	1,509
Total Amounts							38,479,500

Technical College		2013/14	2014/15	2015/16	2016/17	2017/18	Total Students Intake
Advanced Technical College		-	1,500	1,500	1,500	1,500
Total Students		-	1,500	1,500	1,500	1,500	6,000
Total Amounts							81,000,000
Grand Total							1,594,782,000