Provision and Finances
The Guild has an annual turnover of approximately £5.5 million.
A large portion of that money is the block grant, an annual sum of money from the University. In 2004/05 this was £1.2 million, equivalent to approximately £50 per student. The Guild also receives money for the performance of several service contracts. One of the most significant of those is the £350,000 for the Student Mentor Scheme, equivalent to £75 per hall resident. The Residence Associations also receive grants from the University equal to £100 per hall resident.
Most of the rest of the Guild's turnover is through its venues trading activity.
Read more about this topic: Birmingham University Guild Of Students
Famous quotes containing the word provision:
“Why should the generations overlap one another at all? Why cannot we be buried as eggs in neat little cells with ten or twenty thousand pounds each wrapped round us in Bank of England notes, and wake up, as the Sphinx wasp does, to find that its papa and mamma have not only left ample provision at its elbow but have been eaten by sparrows some weeks before we began to live consciously on our own accounts?”
—Samuel Butler (1835–1902)