CCFS Funding

Financial accounting for allocated funds is carried out at each node. MQ is responsible for the final reporting to ARC through the DVC Research, and is audited through the Macquarie University process.

Strategy for CCFS funding leverage

ARC anticipates that Centres of Excellence will develop a profile of basic and strategic research outcomes that provides an attractor for leveraging resources. Active strategies within CCFS include:

Collaborative project building with industry partners

Applications to funding schemes for matching funds for new infrastructure purchases and partner co-investment

Technology development to deliver new and improved methodologies and tools for enhanced research collaboration and for the exploration industry

Diversification of the funding portfolio to include other Government schemes, industry and participation in international research programs

Applications to relevant ARC funding schemes for projects not funded from the ARC CCFS allocation, but aligned with CCFS goals

Providing input into future NCRIS (especially AuScope) policies, using CCFS research concentration and leading directions to inform national priorities

This is an unaudited summary of 2014 income and expenditure. A full, audited statement of detailed expenditure and income is prepared by Macquarie University. No in-kind support is included here.

CCFS Income & Expenditure Statement 2011-2014
Source	2011	2012	2013	2014	2015 Forecast
Income
ARC	$1,828,350	$2,004,179	$1,971,746	$2,031,333	$1,969,500
MQ	$626,705	$1,032,004	$1,822,748	$1,464,360	$968,500
UWA	$133,500	$763,500	$415,000	$415,000	$415,000
Curtin	$727,725	$608,055	$851,244	$611,290	$530,000
GSWA	$150,000	$150,000	$150,000	$150,000	$150,000
SLF Income	$500,000
SLF interest	$13,744	$12,530	$5,790	$1,811
ECR Income from ARC	$1,250,000
ECR Interest		$24,734	$16,118	$6,566	$1,500
TOTAL INCOME	$5,230,024	$4,595,003	$5,232,646	$4,680,360	$4,034,500
ACCUMULATED FUNDS FROM PREVIOUS YEAR		$3,702,071	$4,960,194	$5,181,390	$4,802,525
Expenditure
Salary	$783,390	$1,608,470	$2,263,183	$2,402,327	$3,035,845
Equipment	$90,128	$220,548	$785,851	$512,413	$257,431
Travel	$91,305	$280,795	$388,431	$404,572	$515,379
Maintenance/Consumables	$42,433	$459,530	$487,255	$494,580	$656,207
Scholarship	$520,697	$767,538	$1,086,730	$1,245,333	$608,000
TOTAL EXPENDITURE	$1,527,952	$3,336,880	$5,011,450	$5,059,225	$5,072,862
ACCUMULATED FUNDS TO NEXT YEAR	$3,702,071	$4,960,194	$5,181,390	$4,802,525	$3,764,163

INCOME SOURCES 2014