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Salient. Official Newspaper of the Victoria University Students' Association. Vol 44 No. 12. June 8 1981

Victoria University of Wellington Students Association Budget 1981

page 11

Victoria University of Wellington Students Association Budget 1981

Revenue Fees ($14 x 6000)1................................. 84.000 Interest2........................................... 6,000 Sundry Income3................................... 6,500 Social Income4..................................... 3,500 Total.......................................... $100,000 Expenditure: Levies NZUSA ($4.07 × 5936)5.............................24,160 NZUSA (.15c × 5936)6.................................890 NZSAC (1.20 × 6000)7................................7,200 Total.............................................32,250 Office Expenditure: Staff Procurement8.................................. 1,500 Wages and Salaries................................27,000 Stationery..........................................2,000 Repairs and Maintenance..............................200 Telephone and Tolls...................................750 Sundry.............................................. 500 Petty Cash...........................................600 Total.............................................32,550 Administrative and Financial Expenses: Accounting Services9................................2,500 Audit.............................................. 3,500 Bad Debts10...............................:..........500 Depreciation....................................... 1,000 Interest............................................. 100 Insurance........................................... 300 Legal Expenses11..................................... 500 Accident Compensation............................... 200 Total..............................................8,600 Executive Expenditure: Honoraria......................................... 10,230 Elections.......................................... 2,000 NZUSA Councils12.................................. 2,000 SRC Officers.........................................600 SRC Activities...................................... 1,300 General.............................................1,000 Total.............................................17,130 Subsidized Activities: SRC Donations'3.....................................2,000 Cultural Affairs..................................... 7,000 Total..............................................9,000 Grand total......................................$99,530 Budgeted Surplus 1981..............................470 Explanatory Notes 1. Student Association Fee $51 Media Board........................................ 4.20 Radio Board...........................................80 Sports Council.......................................4.50 Union Building Fund..................................9.00 Union Maintenance................................. 16.50 Trust Fund.......................................... 2.00 Total..............................................37.00 Balance to General a/c............................. 14.00 2. Interest gained from short term investment of Association Funds. 3. Includes: Pinball and space invader commissions...............$2,000 Profit on T shirts and sweat shirts....................$5,000 Losses on printing operation.........................($500) SASRAC...................................... Break Even Films..........................................Break Even Total.............................................$6,500 There are likely to be further small amounts of sundry revenue in the areas of donations, dividends and defunct clubs which in the interest of conservatism have not been budgeted for. 4. Estimated profit on all social functions run throughout the year. 5. This levy is to assist in the general running of the New Zealand University Students' Association. 6. This is a special levy to enable NZUSA to repay loans owed to individual campuses. 7. This levy is to assist in the general running of the Students' Arts Council. 8. This budgeted expense consists of $1300 to procure a new office manager earlier in the year with a $200 provision to advertise for staff should there be further vacancies later in the year. 9. This expense was considerably higher last year due to the additional cost of introducing a computorized accounting system. 10. Bad debts were an excessive expense last year and more effort must be made to recover this cost to the association in the future. 11. This expense has been increased in the budget this year in anticipation of increased legal fees relating to Student Travel Bureau. 12. This expense can be divided as follows: $600 May Council at Massey; $1400 August Council at Lincoln. It covers travel and accommodation for 14 delegates. 14. Association members should be reminded that $1100 of this provision has already been committed as follows: $500 Anti-Apartheid Club: $500 Southern Africa Scholarship Trust Fund: $100 Tenants Union. The Annual Accounts for last year are available from the Students Association office. If you have any questions concerning the 1980 accounts or this 1981 budget, please feel free to contact me anytime. Leave a message for me at Studass or come along to SRC and ask questions. JDA Fanselow Finance Officer