Reflections of the COVID-19 pandemic on the economic-financial situation of the support foundations linked to the Universidade Federal de Santa Catarina (UFSC)

Abstract

This research aims to verify the effects of the Covid-19 pandemic on the economic-financial situation of the Foundations of Support linked to the UFSC.  The research is characterized as descriptive with a qualitative approach through documentary research. The research database includes accounting statements, management reports and audit reports for the period between 2017 and 2020. The results of the research showed that the three Foundations - FAPEU, FEPESE and FEESC - presented in 2020, economic and financial indicators lower than previous years, with a relevant reduction in several accounts of the balance sheet and the income statement. There were also reflections in the operation, with a reduction in the volume of purchases, layoffs of employees, delays in the transfer of resources and deficit results. In view of the results, we can conclude that the economic-financial situation of the foundations has worsened, since all the foundations had a significant reduction, especially in contracting projects. In this scenario of economic crisis and Pandemic COVID-19, the monitoring of the economic and financial situation of the foundations is fundamental, since they play an important role in supporting and fostering multidisciplinary academic and extension projects and activities, generating benefits for society.