General Income and Expenditure

The general income for the year 1999/2000 was $2,449.5 million, of which $1,759 million represented grants from the UGC (excluding earmarked grants which are grouped under specific income), $538.9 million from fees income and $133.6 million from interest income and $18 million from other sources.

The general expenditure for the year was $2,253.2 million, of which $1,387.9 million was for academic departments, $252.9 million for maintenance of premises and grounds, $59.2 million for staff benefits (excluding housing benefits) and miscellaneous expenses and the remaining $553.2 million for administrative and academic support services, general educational expenditure and student facilities and amenities.

Specific Income and Expenditure

The specific income for the year 1999/2000 was $949.7 million, of which $313.3 million was from self-financing activities, $377.3 million from UGC earmarked grants, $233.2 million from capital projects grants and donations, and $25.9 million from endowment income and donations.

The specific expenditure for the year was $841.6 million, of which $200.2 million was for self-financing activities, $362.9 million for expenditure met from earmarked grants, $268.6 million for capital projects, and $9.9 million for expenditure funded by endowment income and donations.

Amongst the UGC earmarked grants, the Home Financing Scheme (HFS) accounted for $236.8 million both in income and expenditure whereas the housing-related expenditure other than HFS amounted to $44.6 million both in income and expenditure.