At the end of August, Otago Polytechnic's operating surplus
stood at $2.699 million, $469,000 (17.4%) ahead of budget.
A financial report tabled at yesterday's polytechnic council
meeting showed revenue for the year was $55.853 million,
$200,000 less than budgeted, while expenditure was $53.154
million, a saving of $668,000 compared with the budget.
The report said the higher-than-forecast operating surplus
was due in part to timing.
Equivalent full-time student numbers at the end of August
were 3767.5, 1.2% more than budgeted.