City University London Finance
Below is a summary of City’s income and expenditure for the previous financial year This is to provide an overview of how is City’s yearly income generated, and how is it spent.
More detailed information can be found in the annual report – a review of the University’s recent academic and financial performance. You may also access the yearly financial statements, which are published in November each year.
78% of our income is generated by tuition fees
Other income, including donations, amount to £12.4 million
The University received £13.1 million from research grants and contracts
£42.4 million spent on running our administration and central services, to improve the quality of our students’ experience
Transforming premises £34.4 million was spent on ongoing improvements to our campus
£2.3 million was spent on our catering facilities
£90.6 million was spent on academic departments, including paying our academics’ salaries
Adjusted pension costs, research consultancy and other expenditure amounted to £2.6 million £23.4 million was spent on Academic Services