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Salient. The Newspaper of Victoria University College. Vol. 20, No. 4. May 3, 1956
Clubs to get less in grants this year
Clubs to get less in grants this year
A reduction of about £150 in grants to VUC clubs and societies is provided for in this year's VUCSA budget which was adopted by the Executive on April 24. Total grants are budgeted at £1250 compared with about £1400 in 1955.
Increased expenditure on wages and salaries. Easter tournament costs and Congress subsidy largely account for the lower figure. Salient grant has been increased by £50 to £300.
Wages and salaries have risen, mainly owing to the employment of an assistant office secretary in the Students' Association office.
Tournament costs are greater this year than in 1955 because VUC was host college to Easter Tournament.
A substantial contribution has been promised to both the Ski Club and the Rugby Club for budding purposes—the Rugby Club's gymnasium at Te Aro Park and the AUC-VUC Ski Hut at Mount Ruapehu.
Congress expediture will be greater this year because last year, owing to an accumulation of surplus funds in the Congress account, it was not necessary for students' associations to subsidize the event.
Capping Ball, Extravaganza and Cappicade are budgeted to break even, but are likely to make an all-over profit which will ease what is otherwise a very tight budget.
The contingencies and surplus allowance is only half that allowed last year, and a number of capital investments such as new cafeteria equipment will have to come out of capital reserves.