Students' Association General Account ($2 increase)

Forecast of Income and Expentiture.

	1971	1972	1973	1974
Projected No. of paying students	5714	5800	6040	6300
Income	$	$	$	$
Fees: at $5 per student	28,570
Fees: at $7 per student		40,600	42,280	44,100
Interest, Dividends, Commissions	800	900	900	900
Total Income	29,370	41,500	43,180	45,000
Administration Expenses	9,334	10,560	11,320	12,030
Office & General Expenses	2,000	2,230	2,350	2,700
Wages	7,125	9,550	10,150	10,900
Honoraria	2,080	2,100	2,195	2,525
Students' Activities & grants	12,544	13,080	13,790	14,325
Total Expenses	33,083	37,610	39,805	42,480
Deficit	(3,713)
Surplus		3,890	3,375	2,520

When it is considered that the past Treasurer "justified a $3 increase for the General Account in his salient article, and managed to show a net depicit of $515 over 5 years, it will be affeciated that the expenditures shown above are the minimum possible.

Indeed the surpluses for 1972, 1973 and 1974 cannot be regarded as excessive. The Association will have to go into overdraft to meet this years commitments and so the 1972 deficit and restore the Association's short-term liquidity position. Furthermore, because most budgets are always overspent it is somewhat doubtful whether the projected excesses will in fact occur.

I trust therefore that the information outlined is sufficient to explain the proposed increase, something which will not be popular but nevertheless inevitable.

Trevor Webb (Treasurer V.U.W.S.A.)