Accounting

I am doing a report on finding the major challenges in the future of my university with regards to their revenue and expenses. I have to discuss the main financial obstacles faced by the university and explain why each presents problems with future planning / budgeting.

On the income statement of my university, it shows that the revenues AND expenses are both increasing since last year and the university has a positive net income. My university is also fairly new, only 11 years old.

I am having trouble coming up with some of the problems they might face with respects to that information. Can someone come up with a few ideas?

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asked by Jess
  1. Here is the income statement with all the numbers and accounts (This is a university in Canada by the way)

    i42. tinypic. com/ ws4i91. jpg

    (copy and paste without the spaces)

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    posted by Jess

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