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4.4. THE UNIVERSITY IS FINANCIALLY SUSTAINABLE
4.4.1. Finance model within the university
a. We develop and implement a new finance model that is based on the state financing principles, and the obligations and responsibilities undertaken in the contract under public law. A model that
also motivates securing additional external financing as well as facilitating internationalisation and cooperation between and inside units.
4.4.2. Efficiency of resources
a. We decrease administration costs by consolidating activities into the university campus and giving up rented property outside the campus.
b. We use study rooms more efficiently and rent out free space to our partners.
c. We implement an administration model where units are responsible for the effective use of rooms.
d. We create a system that enables engaging the alumni in fundraising to support innovative and socially relevant activities.
Responsible entity
Sub-objectives
Financing
Director of Facilities and Finances, RB
E,T
Director of Facilities and E,T Finances, aca- demic units
E E
E
TALLINN UNIVERSITY DEVELOPMENT PLAN 2015−2020
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