Mysore University projects deficit of Rs. 31.65 crore in budget

The University of Mysore has projected a deficit of Rs. 31.65 crore in its Budget for the year 2015-16 that was presented at the Academic Council meeting here on Friday.

The budget estimates projects revenue of Rs. 186.38 crore against a projected expenditure of Rs. 218.04 crore. The bulk of the expenditure comes under the pay and allowance head accounting for Rs. 117.80 crore being salary for the University staff and pension for retired employees. The pay and allowances of the varsity staff and pension for retired staff, accounts for 54 per cent of the varsity’s budget.

But the expenditure for “teaching, research and extension activities” is projected at a mere Rs. 5.99 crore which amounts to three per cent of the total budget outlay. The projected expenditure for examination activities is Rs. 13.39 crore.

A greater portion of the projected revenue is by way of block grant from the Government which is estimated to be Rs. 152.37 crore while revenue from admission, registration and affiliation fee is pegged at Rs.24 crore and examination fee at Rs. 28 crore.

The Budget was tabled by the Academic Council member Prof. Indumathi. Vice Chancellor of the University Prof. K.S. Rangappa also informed the council that two statues – one of poet laureate Kuvempu and another of Nalwudi Krishnaraja Wadiyar who was the founder of the University – would be installed during the centenary year celebrations slated to take place next year.