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Salient. Victoria University Student Newspaper. Volume 36, Number 1. 28th February 1973

(1) Where your Fees Go

(1) Where your Fees Go

Every student at Victoria is required to pay a levy of $24 to the Students' Assn. The effective split-up of that $24 is as follows:
(a)Association General Account
(b)NZUSA
(c)Union Building Extension Trust
(d)Publications Board
(e)Union Building Fund
(f)Union Maintenance Account

The entire Association General Account (a) is spent every year. This $6 provides the revenue from which the following expenditures are made: Accountancy and Audit, Elections and New sheet, Executive Activities, Honoraria, Legal Fees, Levies, Office Expenses, Stationery, Wages, Sports and Cultural Grants, Orientation, Tournaments; and Capping Activities.

Obviously there must be a careful and planned allocation of money amongst these activities. This is done in the budget which is a vague document setting out the amounts we think will need to be spent in the coming year. As the money we receive is limited, an increase in the amount allocated to one area must accordingly result in some other area receiving less. Sectarian interests often mean that the budge is a focus for debate—the venue being the AGM held in March. Make sure you come and observe the fireworks this year!

(b)The $1 levy collected for NZUSA is absorbed into the bureaucratic machinery with seemingly few benefits (except travel) accruing to the average student. NZUSA had better be careful it doesn't become constipated (i.e. orders from the top which are never referred to the students themselves
(c)The $1 levy for the Trust fund is forwarded to the two trustees of the Association who invest the money as they see fit. For some reason it has always been thought that the students cannot touch this fund This is incorrect. The Executive has a man date to spend this fund as it likes. Incidentally, the current balance in this fund is about $39,000.
(d)Would you believe that the $1 for Publications is the very money that went toward the printing of the student newspaper you are now perusing (but probably not reading?!) The money is forwarded to the Publications Board who spend it where they think it will bring the greatest benefits (on editors etc).
(e)The Union Building Fund is an elusive animal which no student has yet sighted. It reportedly lurks somewhere within the Stout Building. The money is collected by VUW and "looked after" until we find a new building to erect (eg. the Union Tower Block-to be erected in approx. 1976). The current balance in this fund is about $140,000.
(f)The Union Maintenance levy is also administered by the University, and used to pay the wages of Union staff, the catering service, and the general running expenses of the Union.