Mysuru: The University of Mysore presented a deficit budget of Rs. 3.57 crore at its Academic Council meeting, here this morning at Crawford Hall.
The block grant released by the State Government for salaries and pension of employees was Rs. 137.19 crore and the income generated from admissions was Rs. 50 crore, from University properties Rs. 8 crore, from examination fees Rs. 57 crore and miscellaneous receipts Rs. 6 crore, said Finance Officer Prof. B. Mahadevappa tabling the budget.
The pay and allowances for staff account for Rs.125.26 crore which forms the major chunk of the expenditure and this is followed by pensions for retired employees which stands at Rs.70 crore. The general administrative expense is Rs.76.66 crore and for teaching, research and extension activities it is Rs.5.70 crore. The expenditure on maintenance of campus is Rs.17.82 crore and examination activities Rs.36.09 crore.
The income for the year stood at Rs.262.79 crore while the expenditure was Rs.266.37 crore, said Prof. Mahadevappa.
Approval for autonomy
Three colleges, Maharani’s Science College, St. Philomena’s College and SBRR Mahajana First Grade College, were approved for the status of autonomous colleges. An amendment to Ph.D rules for 2017 was also approved and Christ College was given permission to shift the college.
In-Charge Vice-Chancellor Prof. T.K. Umesh chaired the meeting. Registrar Prof. R. Rajanna, Registrar (Evaluation) Prof. J. Somashekar, MLCs Ramachandra Gowda and Appaji Gowda, new Academic Council Members Prof. H.N. Yatiraj, Prof. Mahadev, Prof Praveen, Planning, Management and Evaluation Board (PMEB) Director Prof. Yashwanth Dongre, College Development Council Director Prof. S. Srikanta Swamy and others were present during the meeting.