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Key budget line descriptors are explained below. For more specific or detailed advice, please contact any member of the Divisional Finance Team.

 INCOME

JRAM & Other Service Funding

This includes: 

  • Teaching JRAM (Joint Resource Allocation Method) for fees from Undergraduate and Postgraduate Students
  • Research JRAM for HEFCE QR (Quality-Related income) (arising from submissions to the national Research Excellence Framework) and Charity & Business QR
Detailed information about the University's JRAM can be found on the Planning and Resource Allocation Section (PRAS) website.

Overseas & Other Student Fees

This includes:

  • Fees for Visiting and Recognised students
  • Income from departmental visitors (at the rate agreed by the department)
  • Continuation fees (set by the University) from Postgraduate Research students who no longer pay fees

Research Overheads

These are overheads awarded from research projects and can be used to cover departmental costs. Each quarter, the divisional finance team will provide with a research template to help you forecast the overhead income due from each of the department's research projects.

Trust & Investment

To account for Trust & Investment Income, the department should use Source of Funds codes to allocate associated expenditure within Oracle Financials. Each quarter, the University's central finance team will then use the Source of Funds codes you have allocated to match income to expenditure.

 

EXPENDITURE

Salary Costs

All employees who are on the department's payroll

Casual, Agency & Other Non-Payroll

All casual staff, including research assistants, who are not on the main payroll

Staff-related costs

Includes staff travel, subsistence and conferences

Other costs

Other departmental costs, including supplies, premises, equipment, and library and museum expenses

Capital & Infrastructure Charges

These are set by the University. Drivers include FTE by person type (staff and students) and sq. ft. occupied space by space type. The Capital Charge is a charge to cover the cost of space occupied by the department. The Infrastructure Charge (sometimes called the '123') is the chief mechanism through which the University funds its central administrative services: this includes the costs of all staff working in the central services as well as the cost of the space they occupy where the latter is recovered through a Premises-Related Infrastructure Charge (PRISC).