Future University in EgyptSustainability & the SDGs

Financial Transparency Statement

FUE-POL-1025 · Version 2.0 · Approved by the University Council on 31 July 2024
16

All employment policies

Policy titleFinancial Transparency Statement
Policy numberFUE-POL-1025
Version2.0 (reviewed and updated)
SupersedesVersion 1.0 (2021)
Prior review and approval2021
StatusApproved — in force
Approved byUniversity Council
Date of this review and approval31 July 2024
Effective date31 July 2024
Next review31 July 2027
Policy ownerFinance
Applies toAll faculties, the Dental Hospital, the training Pharmaceutical Factory, student housing and administrative units; students, faculty, staff and, where stated, contractors and suppliers.
Related SDGs16
ClassificationPublic

1. Purpose

To publish accessible information about the university's income and expenditure.

2. Scope

This policy applies across Future University in Egypt — all faculties, the Dental Hospital, the training Pharmaceutical Factory, student housing and administrative units — and to students, faculty, staff and, where stated, contractors and suppliers.

3. Policy statement

4. Procedures

  1. After the external audit, a summary of income and expenditure is prepared for publication.
  2. The summary is approved by the Board of Trustees and published within three months of the external audit.

5. Roles and responsibilities

6. Related policies

7. Legal and cultural alignment

Supports public accountability consistent with Egyptian accounting and audit requirements for universities, publishing a summary of audited figures.

8. Monitoring and review

Reviewed at least every three years, or sooner if Egyptian law, regulations of the Supreme Council of Universities, or THE/accreditation requirements change. The policy owner is responsible for monitoring how it is applied.

Document control

VersionDateApproved byChange
2.031 July 2024University CouncilReviewed and updated; re-approved. This version supersedes Version 1.0.
1.02021University CouncilPrior to this review: initial adoption of the earlier version.