
Australian Financial Review 23 April 2012 Despite posting a combined surplus of $185.5m, on the back of increases in Commonwealth grants, The University of Melbourne ($88.9m) and Monash University ($96.6m) say that the the government's contribution is still inadequate. Monash's chief financial officer David Pitt points out that Monash's operating margin of 6% (Melbourne's margin was about 5%) is "conservative by any industry standard. Every cent gets ploughed back into infrastructure, and that's still not enough". It's a pretty strong point. The Medical School Building at Melbourne is approaching the end of its economic life and it's estimated that the cost of a new building … [Read more...]