As external research funding is not integrated into
the regular budget, the overview of IOB’s financial
and budgetary performance addresses the two items
separately. who have recently finished a PhD (before switching to more
permanent externally funded research positions). Operating
expenses added about €0.5 million, slightly lower
than budgeted and the 2015 outturn.
The table below provides an overview of the regular budget
outturn for 2016, compared to the previous year’s results.
The basic annual endowment from the Flemish Government
provides the lion’s share of the regular budget, amounting
to almost €2.16 million. The University of Antwerp adds a
matching annual endowment, again totalling €220,000 in
2016. Other miscellaneous regular income sources, including
the VLIR scholarship administration fee, exempted payroll
taxes, and student tuition fees, added about €340,000, and
turned out higher than budgeted (mainly due to exceptional
revenues related to overhead recoveries on VLIR projects).
As such, due to this exceptional additional revenue, the
regular 2016 income that was realised surpassed the budget Overall, due to a series of exceptional, higher than expected
realised revenues and lower expenditures, the net budgetary
outturn led to a surplus of about €95,000 in 2016, com-
pared to a budgeted deficit of €225,000 (aimed at reducing
reserves). This exceptional surplus adds to the historical
reserves of the Institute, which amounted to about €2.4
million at the end of 2016.
TABLE 1. Budgetary implementa-
tion in 2015 and 2016 (in EUR)
2015
Budgeted
Income:
Core funding Flemish Government
UAntwerp funding
Other miscellaneous income
o/w exempted payroll taxes
scholarship administration fee
Apart from its regular income, IOB also attracts additional
income from a broad range of external sources. Figure 4
combines the data on external research funding registered
by the University of Antwerp’s Research Coordination and
Administration Department with the research component of
2016
Actual
Budgeted
Actual
%
2,176,000
220,000
261,000
120,000 2,153,000
2