No Cuts@King’s

The College Finances

King’s is not broke!

The cash reserves

The Endowments

Financial Statements for the year to 31 July 2008 p26

There are alternatives to job losses

• Use the reserves to allow time to raise income•Use the time to campaign for more government funding• Spend less on consultants• Look at other areas of spending

£11.5 million on “communication, advertising and other services” for example

Financial Statements for the year to 31 July 2008 p30

If we do need job losses...

maybe at the top

Financial Statements for the year to 31 July 2008 p30

What next

• Job losses and cuts are not inevitable• The College needs to open its accounts so we

can have an informed discussion• We need to mobilise the College community

against cuts and for more government funding

No Cuts@King’s