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:
“The caretaking has to be done. “Somebody’s got to be the mommy.” Individually, we underestimate this need, and as a society we make inadequate provision for it. Women take up the slack, making the need invisible as we step in to fill it.”
—Mary Catherine Bateson (20th century)