The following table shows the total income and the amount received from funding council grants for the London Institute each year since 1994–95.
|London Institute||Total income||Funding Council grant income(20)|
(20) The funding council grant includes funding from the Higher Education Funding Council for England, and from the funding bodies for further education in England.
Table 1, HESA annual publication "Resources of Higher Education Institutions".
There is a financial memorandum between each institution and each of the funding councils from which they receive public funding. This sets out the responsibilities of each party including financial management and the arrangements for audit and monitoring.