National University of Samoa makes $1.4m profit
The National University of Samoa (N.U.S.) made a $1,435,559 profit at the end of the 2009-2010 financial year, according to a Parliamentary Committee report.
The Education, Science, Communication and Information Technology (E.S.C.I.T.) Committee attributed this to the University closely monitoring its expenses in administration and personnel amongst other reasons.
“Generally, the National University of Samoa is well managed according to the assessment of its Annual Report,” the report reads.
“Even the standard of teaching/learning, it progresses smoothly, except for some areas that needed improvements to facilitate and support the learning environment in order to achieve the core of its establishment.”
The committee reported that the University achieved a total income of SAT$16,590,660 compared to a total of SAT$15,571,403 in 2009.
This resulted from increased course fees, rental fees, project donor funds, other income, a surplus from conference hosting, and profit from sale of fixed assets, the report says.
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“The decreasing of total expenses from SAT$15,672,039 in 2009 compared to SAT$15,068,951 in 2010 was noted as a result of declining administration expenses, repairs and maintenance, deficit from conference hosting and personnel costs.”
The Committee also noted the excess of income over expenditure with a total of SAT$1,435,559.
“The University confirms the situation was caused from numbers of registered students increased with an unlimited numbers of teachers,” the E.S.C.I.T. Committee’s report reads.
“However, the using of part-time teachers took place.
“Additionally, the close monitoring of its expenses on administration and personnel was in good control.
“The University confirms that during this period, the University faced the untimely death of 2 (two) staff members.
“The overview of its financial performance reflects that the total costs (fees) only cover 30 per cent of its income.”
At the end of its report the E.S.C.I.T. Committee members made the following recommendations such as the government prioritises solutions for difficulties the University faces, such as:
“The need of special labs with effective computer collection including programmes to help students in their research such as the Distance Flexible Learning mechanism,” the report reads.
“It’s noted that most of the students seek assistance for computers to type their assignments and conducting their researches.
“The need of extension of existing computer labs for the increased number of registered students especially the compulsory usage of computers for each and every course.
“The need for an extra room or (an) area for the students to relax and do their studies to avoid the nomadic (trek) of students to look for a peaceful area for such purpose. “
The Committee also supports the installation of a generator or other energy sources such as solar energy to assist the University save funds for its future development.
The report will be published in full tomorrow.
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