College Efficiency

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College Efficiency Maximising Income John Bolt

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College Efficiency. Maximising Income John Bolt. Making the best of your YPLA/SFA allocation Other sources of income. What I’m covering. ACE Comprehensive and swift review of your college’s efficiency. KPMG. Let’s look at some things to consider. - PowerPoint PPT Presentation

Transcript of College Efficiency

Page 1: College Efficiency

College Efficiency Maximising Income

John Bolt

Page 2: College Efficiency

© 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

Page 3: College Efficiency

© 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

ACEComprehensive and swift review of your college’s efficiency

Let’s look at some things to consider

Page 4: College Efficiency

© 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

Page 5: College Efficiency

© 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?

Page 6: College Efficiency

© 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

Page 7: College Efficiency

© 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

Page 8: College Efficiency

© 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

Page 9: College Efficiency

© 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?

Page 10: College Efficiency

© 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?

Page 11: College Efficiency

© 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?

Page 12: College Efficiency

© 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

Page 13: College Efficiency

© 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

Page 14: College Efficiency

© 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

Page 15: College Efficiency

College Efficiency Maximising Income

John Bolt

[email protected],uk