12.4 Financial resources
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.
| Class | Definition | Examples / Comments | Manner | Fee | Withheld information |
| Financial statements | The University's annual accounts. | The online financial statements are from 2001 onwards. For previous statements please contact the Finance Department directly using the following address: Finance and Purchasing Office, Gilbert Scott Building, Glasgow G12 8QQ Our HESA financial returns are also available in hard copy on request from the Finance Office. |
Financial Statements |
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| Budgetary processes | Policies and procedures for making budgetary allocations to major budgetary units | Information on University budgetary processes are contained in the financial handbook which is available in hard copy on request from the Finance Office. | Hard Copy |
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| Budgets overview | Summary of overall budget and budgetary allocations to major budgetary units | An overview of University budgetary allocations are contained in the financial handbook, available on request from the Finance Office using the following address: Assistant Director of Finance, University of Glasgow Finance Office, Main Building, East Quadrangle,University of Glasgow, Glasgow G12 8QQ |
Hard Copy |
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| Financial regulations | University's financial administration manual | Information on purchasing goods and services is available in the University Purchasing Manual. The University financial regulations are contained within the financial handbook, available in hard copy on request from the Finance Office. |
Purchasing Goods and Services Current University Tenders |
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| Insurance | Summary information on the University’s major insurance policies | The University has insurance policies covering the following areas of activity: Property Damage Cover; Employer's Liability Cover; Public Liability Cover; Professional Indemnity Cover; Group Travel; Computer All Risks Insurance Cover; Motor Fleet Policy Cover.The University's main insurer is Royal & Sun Alliance. The administration of these policies is the responsibility of the Treasury section of the Finance Office. |
Insurance Information |
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| Senior staff remuneration | This class contains information on the Principal's remuneration as well as statistical information on the remuneration of other senior staff. | Principal's remuneration and statistical information on remuneration of other senior staff required to be published under the SFC Financial Memorandum The Chancellor's Assessor determines the annual remuneration of the Principal. The Principal in consultation with a senior lay member of Court, the Vice Principals and the Secretary of Court (the Remuneration Committee) determines the annual remuneration of professional and senior administrative staff. The remuneration of the Principal and other senior employees is disclosed in the financial statements insofar as these exceed £50,000 per annum. | Financial Statements |
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| Investments | Summary information on the University’s endowments and investments | Summary information on University investments are published in the University Financial Statements. | Financial Statements Endowments |