The Centre’s Financial Statement provides a summary of our income and expenditure for the 2019 calendar year.
The Centre receives funding from, the Australian Research Council (ARC) and the Centre’s administering and collaborating organisations. In addition to cash, our administering, collaborating and partner organisations provide significant resources through ‘in-kind’ contributions, mainly in the form of our Chief Investigators and Associate Investigators time, space, central computing and networking. We also source additional funding via industry engagement and relevant industry projects, raising over $39 million to date.
INCOME AND EXPENDITURE
The Centre’s finances for the 2019 calendar year are summarised in the Income and Expenditure Tables below.
The Centre received over $4 million, in cash, from the ARC and our administering and collaborating partner Universities. Other income, including funds sourced through industry engagement and grants, totalled $7 million in 2019.
Our expenditure is predominantly allocated to salaries and PhD support, with the remainder allocated to strategic initiatives, travel and visitor support, workshops and conferences, equipment and other operating expenses.
The Centre Executive Committee determines budget allocations for research projects and major centre activities. All nodes contribute to the Centre’s operating costs, although the majority of the Centre’s significant operational expenses are managed by QUT as the Centre’s administering node. Indexation funds have largely been used in support of strategic initiatives and in 2019 this included two research projects and approval to run an Ethics in Robotics Workshop in 2020. These funds are also used to cover 50% of the salary of female postdoctoral research fellows, and travel support to Centre events for Centre staff with parenting commitments. These initiatives are one response designed to address some of the structural barriers preventing female participation in robotics and computer vision.
SUMMARY OF CONTRIBUTIONS FROM ALL CENTRE PARTNERS
Each year, the Centre’s administering and collaborating partner organisations contribute almost $940,000 as cash, a total of more than $6.86 million over the life of the Centre. Approximately $1 million is also contributed annually as in-kind, or $7 million over the life of the Centre. Together, our international partner organisations contribute $139,000 per annum of in-kind, totalling $973,000 over the Centre’s seven-year lifespan.
The Centre’s administering and collaborating partner organisations, where most of our researchers are based, also provide access to a broad range of robotic vision equipment, which is conservatively valued at over $1 million per annum ($7 million in total, over the life of the Centre) .
FINANCIAL STATEMENT OF THE CENTRE’S OPERATING INCOME AND EXPENDITURE FOR YEAR END 31 DECEMBER 2019
|wdt_ID||Income Source||Amount in 2019 ($)|
|2||State Government Grants||253,771|
|6||University Cash Contributions||932,630|
|wdt_ID||Expenditure Source||Amount in 2019 ($)|
|2||Travel and Visitor Support||580,579|
|6||Workshop and Conferences||262,748|
|7||Management and Administration||76,220|
|8||Education, Outreach and Communications||71,005|
2019 FINANCE KEY PERFORMANCE INDICATORS
wdt_ID Performance Measure Reporting Frequency Target Outcome 1 Annual cash contributions from administering and collaborating organisations Annually 2 ANU 230,000 230,000 3 Monash 116,400 116,929 4 QUT 350,000 350,000 5 Adelaide 244,400 235,701 6 Annual in-kind contributions from administering and collaborating organisations Annually 7 ANU 337,000 515,442 8 Monash 172,000 236,404 9 QUT 309,000 764,805 10 Adelaide 184,000 334,558