The financial profile of Monash is currently balanced between Australian Government and private sources of income, and both are currently significant enough that a decline in any one major source has a direct and negative impact on the University’s ability to operate effectively.
Financial sustainability requires:
- an ability to maintain an operating surplus sufficient to
- ensure the quality of education, research and services; and
- invest in new knowledge, new curriculum and new modes of operating that make a positive impact on our world and our communities.
- diversification of key revenue sources by
- reducing dependence on national government for research grant income; and
- increasing the range of nations and teaching modes from which education income is derived.
- the foundation to provide long-term capacity to
- provide scholarship assistance to students affected by disadvantage; and
- support new ventures contributing to the betterment and wellbeing of our communities.
Financial sustainability will be assessed by:
- operating surplus;
- diversified revenue sources;
- growth of the foundation to support University goals;
- scholarships supported by University and external funds; and
- investment in ventures and operations to address key global challenges.