the money bit david secher – senior bursar october 2015
TRANSCRIPT
The Money Bit
David Secher – Senior Bursar
October 2015
Contents Introduction – Hayley Hamilton
Finances of the College Overview of the figures – how we balance the
books Areas where we want to spend
Your finances Bills from College Making the books balance!
College Finances Income £15 million
Expenditure £14.8 million
116 Fellows, 826 students, 140 staff 25,000 supervision hours 23,000 maintenance hours 743 rooms and 19,300 hours cleaning them 157,474 meals
How we balance the books Every year we subsidise each student by
an average of £3,733 – just over £3million
For every £6 spent on Education we only receive £3.
We ‘balance the books’ with income from the Endowment – and from donations. This can be precarious.
£’000
Endowment and donation income balancing the books
Inco
me
Expen
diture
0
2000
4000
6000
8000
10000
12000
14000
16000
Other
Admin
Donations
Endowment
Accommodation
Education
Areas where it would be good to spend more
Student support and access Awards and scholarships Academic salaries and ability to access
housing in Cambridge Maintenance of the buildings - historic
fabric and general state of repair College support for research
Your finances Everyone will be different
EU/UK? SLC support? SLC support means tested?
You can calculate how much you should be receiving using the calculator on the government’s student finance website
https://www.gov.uk/student-finance/loans-and-grants
Headline figures SLC will give you:
Tuition loan £9,000 Maintenance loan for living costs up to £5,740 Maintenance grant for living costs up to £3,387 NB maintenance loan is reduced if you also get a grant;
reduction depends on individual circumstances
In addition you may get Cambridge Bursary of up to £3,500 per annum which is an outright gift
SLC pays your tuition fees direct to the University – which leaves your College bills…
College billsWhat? Payable
when?Rough amount
Deposit Beginning of first term
£85
Rent for Michaelmas Term and fixed meal charges
Michaelmas Term
£1,800
Rent for Lent Term and fixed meal charges and any additional charges in relation to the Michaelmas Term
Lent Term £1,800
Rent for Easter Term and fixed meal charges and any additional charges in relation to the Lent Term
Easter Term £1,800
Any additional charges for the Easter Term
Long Vacation
Total £5,485
And don’t forget! Other food and drink Clothes Partying Travel Insurance Books
The University estimates that in total you will spend £8,360 each year on your living expenses and social life
Your budget
However well you manage, you will need additional funds
think about the source of funds
interest rates now and in the future
make sure that you do keep to a budget
Avoid extra costs – fines for late payments, behaviour etc
If you have real financial problems ask for help
Other help the College or University can provide
Cambridge Bursaries – for anyone on means tested funding (This is automatically assessed. You do not need to apply)
Bursaries and travel grants Book awards Prizes See Caius website for more details
Read emails from Bursary!
Where to go for help Your Tutor The Bursary – Hayley Hamilton
[email protected] The Bursary can help with practical
stuff on transferring money, reconciling your bank account etc.
Good luck – and ask for help if you need it!
Caius and communications
Lucy WardCommunications Officer
College website – being updated
Social media
Twitter & Instagram
@CaiusCollege
@CaiusHC – health centre
@Caiuslib – library
@CaiusCollegeCho – choir
@Caiusconnect – outreach
@Caiusconf
@CaiusIT – FOLLOW
Instagram gonville_and_caius
Caius in the media
Austin Seven found on the Senate House roof, 1958
Please don’t attempt this
Communication within college
• Screens – Porters’ Lodges, Harvey Court, Computer Room
• Noticeboards – Trinity St Lodge, Gate of Virtue (between Tree and Caius courts)
• Intranet – being updated (currently at bottom of website home page)
Helping spread your newsT
