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{
    "id": 1490071,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1490071/?format=api",
    "text_counter": 59,
    "type": "speech",
    "speaker_name": "Tinderet, UDA",
    "speaker_title": "Hon. Julius Melly",
    "speaker": null,
    "content": "2023/2024 has resulted in a decline in revenue against a static payroll cost. The number of teaching staff has been rationalised due to the expansion of academic programmes, retirements, resignations and natural attrition. We have the figures showing how the population of teaching staff has been increasing, yet the student population has been reducing. This means that the university's income has been declining. However, the number of teaching and non-teaching staff has almost remained static. As a result of the sharp decline in revenue, the university is unable to sustain its payroll operations and maintenance expenses. Currently, the payroll constitutes 88 per cent of the revenue against an ideal of 35 per cent. This situation is not tenable to the university's sustainability. Reports from the Office of the Auditor-General on the university's financial statements show that it has been technically insolvent since 2016. The liabilities exceed the assets. We have a table indicating what the university owes creditors, statutory payments, Pay As You Earn (PAYE), Housing Levy, bank loans et cetera . The pending bills stand at Ksh7,900,871,465. Therefore, the university's council and management sat down to create a recovery plan. This was a directive from the Government. Therefore, in their plan, the financial crisis triggered a strike that eventually led to the university's closure on 3rd October 2024."
}