Thursday, July 14, 2011

1st major renewal goal - achieved

Two years ago we started on out path of renewal for CQUniversity. We set the 2 year goal to make the university financially sustainable. I am very pleased to say that we have achieved this goal. CQUniversity’s finances are in a good position. I have been very impressed by the stewardship that out CFO David Turner has provided in this area. But this goal has not been reached by the work of David alone. Everyone in the University can be proud of the work they have done to get us into a such a good position. However I have included a picture of David here because of his hard work, because he is with his partner Barbara who also contributes a lot to the University and because he looks so dapper in black tie!

In the past 24 months we have developed over 20 new programs, we have about the same number in the pipeline and we have removed programs that have run their course. All of this has increased our domestic enrolments by over 10% this year. We are over our government enrolment cap for the first time in many years.

Yes we have had a turn down in international numbers – but this could have been much worse without the hard work and dedication of our fantastic people working on the metropolitan campuses. Let us not forget that even with the turn down in international numbers our CMS operation is still contributing massively to the finances of the university.

We have made savings across the board and seen efficiency gains across the board. We also managed to be one of the first universities to settle its EB negotiations – thanks to the hard work of the university negotiating team and the unions.

We have made massive investments for the future including campus expansions, new laboratories and even new campuses.

So I think we can safely say our first goal has been reached. We now need to work toward our 5 year goal of being a really strong regional university meeting the educational and research needs of our communities and which underpins our national operations. And of course we also need to work in parallel towards our 10 year goal of being one of Australia’s great universities by us becoming Australia’s most engaged University.

Well done to all CQUniversity staff in making such a great start to our renewal process.

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