Salient. Victoria University Student Newspaper. Volume. 34, Number 14. July 21, 1971
Students' Association General Account ($2 increase)
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.)