30.10.2020
October 29, subject to quarantine restrictions in the remote mode under the chairmanship of Rector V.V. Semenets held a working meeting on the calculation of funding for departments in 2020 on the basis of key performance indicators (KPI).
The Academic Council of the University approved the funding of departments in 2020 in accordance with the Resolution of the Cabinet of Ministers of December 24, 2019 № 1146 “On the distribution of state budget expenditures between higher education institutions based on indicators of their educational, scientific and international activities”.
Despite the global economic downturn caused by the COVID-19 pandemic, stagnation, declining incomes and growing instability, the University was able to increase department funding in proportion to their KPI by UAH 200,000, proving the effectiveness of a formulaic approach to fund allocation.
This was possible due to the results of a successful admission campaign, the available contingent, financial income from scientific and international activities and other components of the University’s sustainable development strategy.
Also at the meeting it was decided to continue the application of a rational financing model for next year.
