8.4 Financial resources

Introduction

This category covers information on the institution’s strategy and management of financial resources.  The finance department provides accounting, procurement and contracting services, helping to make best use of resources and fulfilling statutory responsibilities. Information that may substantially prejudice the commercial interests of any person, personal information, or information which would disrupt the effective conduct of public affairs will be excluded from publication.

More about the financial resources of the University of the Highlands and Islands

Category Name

Category Description

Examples/Comments

Format of information

Fee

Withheld information

Financial statements

The institution's annual accounts

Typically the financial statements approved by the governing body

Available on website

Free

 

Budgetary processes

Policies and procedures for making budgetary allocations to major budgetary units

 

Available on website

Free

 

Budgets overview

Summary of overall budget and budgetary allocations to major budgetary units

Finalised budgetary allocations

 

Free

 

Financial regulations

Institution's financial administration manual

 

Typically this would cover information on purchasing goods and services, and on reclaiming expenses

Examples include:

Financial regulations, staff travel policy and procedures, year-end instructions, policy for fraud prevention, detection and investigation, fraud policy statement

Available on website

Free

 

Insurance

Summary information on the institution's major insurance policies

Names and addresses of the University's insurers, and broad information on the range of risks covered.

Available on website

Free

 

Senior staff remuneration

Principal's remuneration and statistical information on remuneration of other senior staff required to be published under the SFC Financial Memorandum

Information can be found within our Annual Report and Financial Statements,

Available on website

Free

 

Investments

Summary information on institutional endowments and investments

UHI currently holds no investments

Information can be found within our Annual Report and Financial Statements,

Available on website

Free