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Salient. Victoria University Student Newspaper. Volume 33 No. 12. 5 August 1970

Quinquennial Grant Slashes Vic's Development

page 3

Quinquennial Grant Slashes Vic's Development

By foregoing expenditure on any new computer facilities during the next five years, Victoria University is still short, by an average of $217,000 a year from 1971 to 1974, of the amount of money needed to meet stated objectives and assessed requirements.

This information, supplied by the University Bursar, Mr W.E. Dasenl. was tabled at the Annual Meeting of the University Council in July by the Vice-Chancellor, Dr D.B. Taylor.

The university faces increased grants over the four year period averaging about $280,000 to meet projected cost increases averaging well over $443,000.

A memorandum from Mr Dasent to Dr Culliford spelt out the implications of the University's financial position.

"However desirable it may be to improve the staff-student ratio, or to achieve a rapid acceleration in the accession rate for library books and periodicals, or to make massive grants for the purchase of complex and sophisticated equipment, the stubborn and irreducible fact of the matter is that we simply do not have enough money to do all of these things, or indeed any of them to the extent that many consider essential."

In his paper Mr Dasent proposed slashes to the projected budgets for 1971 to 1974 to reduce planned additional expenditure on staff salaries by $230,000, on technical staff salaries by $140,000, on other salaries by $32.000, on the Library Grant by over $100,000, on Departmental Grants for equipment and materials by $358,000, and on Running Expenses by $35,000.

These figures represent cuts in the planned annual increment of expenditures from between 5 and 25 per cent.

Warning that even if the proposed financial plans were accepted it may well need drastic reassessment as the quinquerium progresses, the Bursar commented that new demands on finance may emerge with a disconcerting lack of warning.

The University Council in considering the financial future accepted the proposal of the Vice-Chancellor for a unified annual budgetary exercise to be undertaken in October at which time the financial requirements of all sections of the University will be accepted.

This procedure will replace the traditional method in which three separate exercises were carried out to allocate the extra income available to the university.