Unreliable funding increases OSSL losses

first_imgNewly published financial statements from Oxford Student Services Ltd (OSSL), the commercial arm of OUSU, show that gross profit fell by almost £40,000 between 2005 and 2006.OUSU sabbatical officers have warned that guaranteed funding from the University is the only way to avoid the Student Union’s current financial crisis. Overall turnover is down by around £100,000 and operating profit has fallen by £7,000.Ed Mayne, OUSU Vice-President (Finance) and OSSL Chairman, said that finances were volatile and prone to fluctuating. “Although the turnover for the 2004/5 financial year was high, the income proved to be unsustainable and many changes were made in the 2005/6 academic year. Due to the way OSSL currently operates, income and turnover will always fluctuate,” he said.OSSL plans to introduce a second business manager next year in a bid to increase revenue. “I am confident that the income we will receive in this financial year will be higher than in the previous financial year. OUSU’s publication provision will not change from its current format,” he added.In 2005, OUSU predicted that it would make a profit of £50,000 but in fact incurred a deficit of £42,702. As a result, OUSU was forced to radically reform its operations for creating revenue to remain financially viable. An estimated deficit of £60,000 the following year was proved wrong when the Student Union lost only £32,904 in 2006. The University has previously stressed that it will not provide further financial assistance until OUSU stops making losses, but the University’s Joint Committee has since reconsidered its position.OUSU President Alan Strickland said that the lack of a substantial block grant comparable to those received by student unions at other universities means that OUSU will remain financially weak due to inadequate funding and few permanent staff. “The volatility of OUSU’s commercial income makes it an unreliable source of funding for welfare, representation and other core services,” he said. “Thankfully, the University’s Joint Committee, which oversees OUSU, has accepted this. We are in advanced negotiations with them to gain stable core funding. OUSU has to guarantee provision of its core services without guaranteed funding. This is a serious problem which I hope we can remedy.”He added that OUSU expected greater OSSL profits in 2007, saying, “The overhaul of OUSU’s financial management which we’ve led this year and the hard work of our Business Manager mean that profits are stronger than last year. I’m confident that our subsidiary will be able to donate a healthier profit to OUSU at the end of the year.”Louisa Brownleelast_img read more

Bro. Dale Day, 87, Versailles

first_imgLong time Versailles minister Bro. Dale Day, 87, went to be with the Lord on the Lord’s Day, Sunday, August 19, 2018 at 5:45pm at the Kings Daughters Hospital in Madison. He was born at Wakenda, Missouri on February 11, 1931 the son of Kelly and Erasta Stidham Day. He was married to LaVerne Andress on May 23, 1954 and his wife of 64 years survives. Besides his wife the love of his life was his four daughters Debra (JR) Stephen, Dawna (Keith) Mathews, and Dana (Jamie) Vest all of Versailles, and Danita (Bryant) Rogers of Cross Plains; 12 grandchildren and 14 great-grandchildren; one brother Tom (Lorine) Day of Versailles; three sisters Pruda Setser, Mary Ellen Thieman, and Pauline (Irvin) Hart all of Versailles; also his brother and sister-in-law Larry and Rita Andress of Madison. He was preceded in death by his parents, his brothers Harlan and Joe Day, and his sister Lillie Mae Hisle. Dale grew up in the Shelby Church neighborhood and was a 1951 graduate of New Marion High School. He was an Army veteran of the Korean War where he served from 1952 to 1954 in Germany with the 124th Armored Division, rising to the rank of Corporal. For service to his country Dale received the Occupation Medal and the National Defense Service Medal. He graduated from the Cincinnati Bible Seminary in 1958 and his first pastorate was the Holton Christian Church. He founded the Versailles Church of Christ in 1958 and conducted his last service at there in December of 2016. Dale helped found the Whitewater Christian Fellowship in 1961 which was dedicated to the establishment of new churches. He loved America and was very patriotic and also was an advocate for Right to Life. Funeral services for Dale will be held on Friday, August 24th at 11am at the Versailles Church of Christ with Dale’s grandson Bro. Micah Stephen officiating assisted by Bro. Earl Thomas, and Dale’s nephew Randy Thieman, minister of the Versailles Church of Christ. Burial will be in the Cliff Hill Cemetery in Versailles with military graveside rites by the Versailles American Legion. Visitation will be on Thursday from 4pm to 8pm at the Stratton-Karsteter Funeral Home in Versailles and from 10am until time of services Friday at the church. Memorials may be given to the Versailles Church of Christ in care of the funeral home.last_img read more

Etihad set for expansion

first_img The plans revealed on Thursday will add a further three rows of seats at the pitchside level, and come in addition to the work already under way to add 6,000 seats to the South Stand. Both projects are due for completion in time for the 2015/16 season. Manchester City have announced a further expansion of the Etihad Stadium, which will take the total capacity to a little over 55,000. Press Associationcenter_img Tom Glick, City’s chief commercial officer, said on the club’s website: “We have always been committed to bringing fans closer to Manchester City, to the players and to the pitch. “Whether that’s through digital innovation, community work, international tours, or as in this case, physically allowing fans to be right next to the action, it is our top priority. We are already looking forward to seeing the expanded stadium in action for the 15/16 season.” City also have planning permission for a third phase of expansion which would see 6,000 seats added to the North Stand if carried out. last_img read more

Curren$y to perform at Gearfest

first_imgGearfest Lineup:Curren$yRippy AustinRhyon BrownDesigners:Candy & QuasarsJ.D. LuxePrecise LivingChinyereMacnificentAmbitious: IBD USC’s Black Student Assembly announced Tuesday that rapper Curren$y will headline this year’s Gearfest.Shante Scott Franklin, who performs under the stage name Curren$y, has collaborated with multiple high-profile acts including Rick Ross and Wiz Khalifa. Known mostly for his mixtapes, Curren$y released his first studio album “This Ain’t No Mixtape” in 2009, receiving positive critical feedback.The Gearfest concert and fashion show, which focuses on art and fashion, will be held jointly with Springfest for the first time this year. Gearfest will also be featuring artists Rippy Austin and Rhyon Brown, as well as designers J.D Luxe, Chinyere and others.Both events are slated to begin at 11:30 a.m. on April 6 on McCarthy Quad. Springfest headliners include Big Sean, A-Trak, Travis Barker and Mix Master Mike. Other performers include Walk the Moon, Capital Cities and Papa.All students attending the festival will be required to show their student identification. Access to the festival is free.last_img read more

Sumner County Toy Run raises astonishing $3,480 for Operation Holiday

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Jim · 345 weeks ago Can you I’d the folks on your picture Report Reply 0 replies · active 345 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sumner Toy Run makes generous donation to Operation Holiday.by Tracy McCue, Sumner Newscow — The Sumner County Toy Run organizers raised an astonishing $3,480 in 2013 which was recently given to the Noon Hour Lions Club in Wellington for Operation Holiday.The Toy Run is a ride by motorcyclists from Belle Plaine to Wellington which started 23 years ago by a group of motorcycle riders who wanted to help Operation Holiday provide more Christmas joy for the children of Sumner County. The Toy Run organizers were asking for donations from local businesses including all the chili fixings, cash, products and gift certificates to be used the day of the event for the chili feed and auction.The Toy Run started at Randy Ray’s Auction house in Belle Plaine riding to the end at the local VFW in Wellington.“We have had as few as five riders and as many as 130 depending on the weather,” said Julie Crow, of Julie’s Passtime Bar. “Two years ago we thought we could do more”On top of the Toy Run, the group started having a Sumner County Classic Car Show on Washington Street in front of Julie’s Passtime Bar about two years ago.“We are still growing and planning to continue this tradition,” Crow said.Next year’s car show is tentatively set for June 21, 2014.More plans are in the works for the Toy Run organizers. They are now going to have a third event to support on March 29, 2014 called the “Scavenger Hunt.”A person will be part of a team of at least six members with a maximum of 12. People will pick up a list and instructions by 1 p.m. at Julie’s Passtime Bar and will have several specified items to pick up at designated places with many other items to collect.There will be prizes awarded at the end. here will be $20 entry fee per member.“Spread the word, it will be fun,” Crow said. “With all of these events, I do have help but we can always use more people to help. ”If interested are interested please contact Crow at 399-8618.last_img read more