Magazine article Public Finance

FE College Finance Database Is Welcomed by Managers

Magazine article Public Finance

FE College Finance Database Is Welcomed by Managers

Article excerpt

Finance managers working in further education have welcomed the publication of a database that, for the first time, allows them to benchmark their college's financial performance against others in the sector.

The database, collated and analysed by the Learning and Skills Council and launched on January 13, breaks down the information by region and by college type. No individual colleges are identified in the information, which examines issues such as student numbers, staff costs and capital investment in the FE estate.

Nirmal Borkhataria, director of finance and resources at Ealing, Hammersmith and West London College, described the database as a 'positive initiative'.

He said: 'I am sure finance directors... will continue to work with the LSC to ensure that this becomes an annual affair and, along with enhancements in the information and the way it is presented, is one I am sure will be of real assistance to colleges in their forward planning. …

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