Review of further education governance in Scotland
Independently commissioned report on the review of further education governance.
Annexe J - Estimated Data For New Regional Colleges
| Regional Colleges (£000) | TOTAL INCOME £000 | WSUMs | FTE Students | Surplus/Deficit (including restructuring, depreciation of tangible fixed assets at valuation and before tax) £000 | Total Reserves £000 |
|---|---|---|---|---|---|
| Ayrshire | £47,561 | 177,821 | 8,688 | £1,739 | £26,388 |
| Forth valley & West Lothian | £47,414 | 119,115 | 8,020 | £4,267 | £418 |
| Edinburgh | £77,008 | 326,668 | 14,120 | £5,513 | £59,866 |
| Fife | £60,603 | 185,486 | 9,590 | £1,226 | £27,512 |
| Glasgow | £153,077 | 518,875 | 27,600 | £7,007 | £105,467 |
| Lanarkshire | £68,346 | 217,183 | 10,619 | £3,593 | £34,510 |
| North East | £52,437 | 198,067 | 10,358 | -£3,013 | £42,481 |
| Tayside | £43,754 | 154,805 | 7,991 | £466 | £25,606 |
| West | £64,830 | 233,059 | 11,299 | £1,967 | £13,251 |
| Land Based | £23,060 | 57,297 | 2,242 | £927 | £24,407 |
| Colleges merging with UHI | £82,416 | 150,079 | 6,750 | -£96 | £40,481 |
| Borders College | £12,237 | 35,428 | 1,457 | £414 | £709 |
| Dumfries & Galloway | £13,588 | 42,939 | 1,879 | £743 | £7,838 |
| Newbattle Abbey | £1,396 | - | - | £93 | -£6 |
NOTES
1. This analysis assumes that the split is made by campus location; however as financial data is not available by campus location, income and expenditure is split by the campus share of the total net weighted sums ( WSUM) grant for the college, which reflects the total activity on each campus. As such, financial data for regional colleges which contain parts of individual colleges must be treated as indicative estimates only.
2. It is important to note that the figures for total reserves includes a value for pension liability that does not consistently value pension liabilities for certain colleges, which participate in pooled pension schemes such that the liability of an individual institution is not calculated. Therefore the value for total reserves for the North East, Tayside and the colleges merging with the University of the Highlands and Islands the values for reserves are likely to be overestimated.
3. The student data used for this analysis only includes students who attracted funding through the SFC formula funding mechanism. Therefore, as Newbattle Abbey is not funded through this formula, there is no available student data for Newbattle Abbey.
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