The NJ Faculty’s mid-year financial report

The faculty's positive result of SEK 10.8 million during the first six months diverges greatly from the budget. The forecast for 2017 is that the faculty will have a deficit of SEK -57 million, compared to the budgeted deficit of SEK -85 million.

The main reason for this deviation is that newly recruited staff have not yet taken up their posts. Out of the 75 approved appointments within the strategic initiative for postdoctoral appointments and doctoral students, 58 have begun their employment during the first half-year and the remaining 17 will begin during the second half-year.

The outcome for undergraduate and Master's education (GU) is a surplus of SEK 3 million. The surplus is because a number of departments do not distribute staff costs evenly during the year. Instead, they adjust the costs in the mid-year financial report. The numbers in the mid-year financial report for GU are therefore somewhat misleading even though more departments have reported correctly this year. Several of the departments that have a surplus in the mid-year report believe that the outcome for the whole year will be at the same level as the budgeted results, which cumulatively is a deficit of SEK -2.4 million, i.e. much worse than the mid-year results. At the beginning of 2017, the faculty had a balanced deficit of -5 per cent of GU turnover, and it has had much trouble balancing its finances. Several departments have largely negative capitals that exceed the allowed limit of -3 per cent, while the Department of Urban and Rural Development has a balanced capital above the allowed limit of +10 per cent.

The amount of full-time equivalents (FTEs) is increasing steadily at the faculty. In June, the number was 960.3 FTEs and the whole-year forecast points to a mean value of about 930. Of the FTEs in June, 97 were postdoctoral appointments and more than 120 doctoral students – a considerable increase. This is a result of the faculty's efforts to reduce its capital while also establishing more operations that generate increased performance in the long run.