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No. 41 • 6 June 2005 | |
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Healthy
financial position However, due to the phasing out of the government-funded AD programmes, the University has not seen the end of cutbacks. A deficit is projected towards the middle of the next triennium. "The University will have to dip into reserves to make a flat budget and to maintain the quality of education," said Professor Chang, "We are largely out of danger, just like coming out of an intensive care unit. But that does't mean we need not worry." During the Q and A session, some staff members enquired about the use of the HK$200 million revenue generated the University's self-financing activities in the past year. Professor David Tong, Deputy President, pointed out that 70% of the income already goes back to the academic departments which support these self-financing activities. The remaining 30% would go to administrative departments. On the issue of whether the University would return to the staff the 6% pay cut of the past two years, Professor Y S Wong, Vice-President (Administration), reminded colleagues that our budget situation is better only because this is the first year in which College funding was suspended. Starting from next year, particularly in 2007 and 2008, the University will suffer a significant deficit. "This structural deficit could be up to HK$100 million a year and will last for quite a few years. We should reserve the income for the future," Professor Wong said.
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Creation
of the grades of Teaching Fellow and Senior Teaching Fellow The University proposed to create the grades of Teaching Fellow and Senior Teaching Fellow, primarily for teaching, to be appointed on academic staff terms. In view of the introduction of more self-financing courses, creation of the new grades is expected to provide more flexibility to recruit experienced industrialists, professionals, and practitioners in specialized fields and disciplines to contribute to teaching as well as to provide career progression opportunities for serving Instructors.
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Giant
mural for Ocean Park
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Enhancing
communication with new students In order to encourage students to make use of the University's IT services as early as possible, students are informed of their individual electronic IDs (EID) in the enrolment letter issued by the Academic Records and Registration Office this year. To activate the EID, students can set their own personal passwords online. With the EID and password, they will be able to access the e-Portal and AIMS for targeted or personal information. This process also activates their email accounts. Also students are informed of the 2005 Student Orientations website in the enrolment letters.
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Licensing
agreement
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Senior
staff appointment
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Distinguished
Lecture Series
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Art
exhibition
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Kudos
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