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College EfficiencyMaximising Income
John Bolt
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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What I’m covering
Making the best of your YPLA/SFA allocation
Other sources of income
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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KPMG
ACE
Comprehensive and swift review of your college’s efficiency
Let’s look at some things to consider
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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Making the best of the YPLA/SFA allocation
Group sizes - how many learners are actually in class?
The college decided that groups should no less than 10
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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FE Tuition Fee Collection
SFA has quoted an aspiration of 67% fee collection
Are the figures low because of fees for full-time learners?
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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Tuition fees for Part-Time learners
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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Looking elsewhere for income
Other Government sources of income
Higher Education■Colleges can offer
■Lower fees
■Local study
Apprenticeships
Department of Work and PensionsGovernment may introduce new schemes for unemployed
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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Full Cost courses – how are colleges doing?
Source – College accounts
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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Full Cost courses Do they help the bottom line?
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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More sub-contracting?A panacea or a poisoned chalice?
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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Does sub-contracting help the bottom line?
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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Proposed funding changes
YPLA■Funding consultation with response date of 4 January 2012■Wolf + Gove’s simplification■Implementation in 2013/14
SFA■Funding proposals■Simplification■Changes to eligibility (loans)■Implementation in 2013/14
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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The Way Ahead
Simplification
Rough justiceComplexity
Precision
Government Policies and Priorities
© 2011 KPMG LLP, a UK limited Liability Partnership, is a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved.
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In summary
Make the best use of SFA/YPLA funding
Consider potential for other government funding
Look for other sources of income
Be aware of proposed funding changes
