ULPGC management reported to the Social Council that the institution’s budget outcome was 6.9 million euros, with a 79.94% degree of implementation, meeting the objective of budgetary stability required by law.
The ULPGC director, Eulalia Gil, briefed the Social Council plenary on the provisional settlement of the University of Las Palmas de Gran Canaria’s 2020 budget which returned a positive budget result of 6,920,700 euros (5,835,000 euros in terms of national accounts). According to management, “this reveals that the budgetary resources have been sufficient to finance budgetary expenditure”. With this budget outcome, which achieved a 79.94% degree of implementation, the objectives for budgetary stability set out in Act 4/2012 are met.
The director explained that in order to correctly understand the surplus funding, it should be taken into account that within the budget there are deviations in the “earmarked funds”, i.e. those associated with specific ULPGC projects with designated funding. In this way, the director indicated that in 2020 the ULPGC received funds, amounting to 4,016,030 euros, which will be managed during the 2021 financial year and that there were 5,248,180 euros worth of expenses with funding from previous financial years. Therefore, “obligations funded by revenue assigned in previous financial years have exceeded the revenue which has been received and unspent” in 2020 and which will proceed to be part of that assigned to be carried forward for 2021.
The provisional settlement of the ULPGC 2020 budget reveals that the most important source of funding was the Canary Island regional government, accounting for 81.68% of the total, “a consequence not only of the yearly increase in core funding, but also the additional 3.5 million euros in funding received to cover COVID costs”.
The ULPGC final accounts will be submitted for approval during the next Social Council plenary, which is expected to take place in June, along with the accounts of the University’s dependent entities which are in the process of being drawn up.
Upon completion of the plenary, the acting rector, Rafael Robaina, and the director, Eulalia Muñoz, thanked the Social Council for their close collaboration and support over the past four years, as well as for the trust they placed in the ULPGC governing team. The chairman of the Social Council, Jesús León, similarly expressed his appreciation for the work carried out in this period by the rector, director, general secretary and the rest of the team, which was particularly difficult during this past year as a result of the pandemic.