City, University of London links with businesses in the City of London. City has also joined forces with other universities such as Queen Mary and the Institute of Education (both part of the University of London) with which it jointly delivers several leading degree programmes. London Centre for Arts and Cultural Exchange is a consortium of nine universities. It was established in 2004 to foster collaboration and to promote and support the exchange of knowledge between the consortium's partners and London's arts and cultural sectors. The nine institutions involved are: University of the Arts London; Birkbeck, University of London; City, University of London; The
City, University of London Road in Clerkenwell. Other academic sites are: The Rector of City, University of London, is the Lord Mayor of the City of London ex officio. The day-to-day running of the university is the responsibility of the President. The current President is Professor Sir Paul Curran. City, University of London is organised into five schools: In the financial year ended 31 July 2011, City had a total income (including share of joint ventures) of £178.6 million (2008/09 – £174.4 million) and total expenditure of £183.62 million (2008/09 – £178.82 million). Key sources of income included £39.58 million from Funding Council grants