REASONABLE BUDGET

The sources of funds of the University are the General Appropriations Act or better known as GAA and the tuition and miscellaneous fees known as STF. With the Free Higher Education Act, collection fees shifted from students to UNIFAST. The Finance Division has established mandatory and recurring operating expenses, chargeable to tuition fees. Priority projects are then identified in coordination with the Vice Presidents and the Physical Plant Development and Management (PPDM) and are included in the Five- Year BOR-approved Strategic Plan.

For Fiduciary and other fees, budget allocation is done by the end users and is based on past expenditure patterns. Other major activities which are calendared like Seniors AIM High program, RIPPLES (leadership training camp), Job fair, graduation ceremony, trainings and development, enrolment, intramurals, sports and cultural fests, and enhancement programs for 4th year prospective board takers are also financed.

The College of Fisheries was granted with 70,0000,000.00 worth of Laboratory Building. This amount was divided into three major laboratory Buildings and fund was made available in three consecutive years starting 2020 up to the present. The allotted amount are as follows: 20,000,000.00 Post-harvest building, 30,000,000.00 Aquaculture Building and as of this writing 20,000,000.00 Capture Fisheries building which is under construction.

The total fund allocation for the College of Fisheries in the areas of Faculty Development and Instruction from 2019 to 2022 are as follows. The allocation is earmarked for scholarship grants, thesis and dissertation aid, stipend, faculty training, development, and upgrading. As for instruction it helped finance the review and production of modules, support to Advanced Higher Education Services, instructional services. ICT facilities in support of curricular programs delivery, support for Fisheries students, and curriculum development, procurement of laboratory equipment.