30.06.2017 | 
Policy
YSU SUMMED UP FINANCIAL ACTIVITIES OF 2016
YSU SUMMED UP FINANCIAL ACTIVITIES OF 2016
On June 22, YSU Board of Trustees held a session with two issues on the agenda.

In order to sum up the activities of 2016 financial year, on June 22, the session of the Board of Trustees of YSU was held. 28 of the 32 members took part in the session. YSU Rector Aram Simonyan’s report on the annual income and expenditure estimates of 2016 and reports on annual activities were sent to the members of the board a week ago.

 

According to the Secretary of the Board of Trustees Mikayel Malkhasyan, the performance of 2016 estimate is profitable. State funding in the total amount of revenues was 26.7%: in particular, about 2,500 students have studied at YSU. The tuition fee of around 14,600 students, who are enrolled in the paid education system, has made an average of 438,000 drams, which is over 210,000 drams lower than the tuition fees in the state budget. It should be noted that for 3320 students YSU discounted their tuition, and the total amount of discounts was 394 million drams.

 

About 60% of the expenditures have been spent on remuneration. The average monthly salary was 203,600 drams per person and the minimum wage was 80,000 drams. Charity expenses have been overcome, which is conditioned by the financial assistance provided by YSU to Artsakh during the April war, as well as monthly financial support to 23 children of the soldiers killed in the war.

 

As a result of voting by members of the Board of Trustees, it was decided to approve the submitted reports and to publish a summary of the 2016 Revenue and Expenditure Report on the official website of public announcements www.azdarar.am

 

The other issue on the agenda was the creation of a structural subdivision “Center for Intercultural Religious Studies” at YSU Faculty of Theology. With that proposal YSU Academic Council had applied to the Board of Trustees. With a majority of votes, the Board of Trustees decided to satisfy the mediation of the Academic Council.

 

The protocol and decisions of the 7th session of the Board of Trustees were posted on the section “Documents” of YSU portal.

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