In academic year 2018/19, IFT continued to pursue efficiencies in resource management and adopted strategies to ensure the effective deployment of its resources, while keeping in mind the Institute’s goal of achieving academic excellence.

Income and expenditure

IFT remained in a sound financial position in the 2018 financial year, reflecting its prudent management strategies.

Actual expenditure for financial year 2018

Item
Amount (MOP)
Share of total
Personnel expenses 228,674,396.80 73.1%
Operating expenses 71,914,099.28 23.0%
Campus construction and equipment 10,284,321.95 3.3%
Others 1,727,847.95 0.6%
Total 312,600,665.98 100%

 

Actual income for financial year 2018

Item
Amount (MOP)
Share of total
Tourism Fund 38,000,000.00 11.1%
Government subvention 222,488,981.00 65.1%
Tuition fees 49,793,118.61 14.6%
Services and other activities 10,836,771.16 3.2%
Balance brought forward from FY 2017 18,869,495.02 5.5%
Others 1,984,128.43 0.5%
Total 341,972,494.22 100%

Staff statistics

In academic year 2018/19, IFT continued to succeed in attracting and retaining high-quality staff. The number of full-time academic staff increased by 1.7 percent from the previous academic year, as the Institute hired some new scholars. The number of staff of all kinds, academic or otherwise, remained unchanged.

Full-time academic staff

Position
2018/19
2017/18
Professors 3 2
Assistant professors 29 27
Lecturers 52 54
Instructors 35 34
Total 119 117

Full-time staff

Position
2018/19
2017/18
Academic staff 119 117
Hospitality occupational training staff 33 35
Administrative and other staff 193 193
Total 345 345
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