Stable/fixed annual budget

By in , ,
Stable/fixed annual budget

Stable/fixed annual budget

 

At the beginning of each year, the university allocates a fixed budget for the student council and student clubs in order to freely implement their projects. It is advisable to have clubs ran by students. If they have their own allocated budget, they can become more creative, learn time management skills, organizational skills, in addition to other soft skills. 

 

Potential challenges and suggested solutions

 

The lack of trust might sprout between the club and the university administration, especially for handling and spending the money, in addition to the difficulty of defining and providing a budget for the student council.  The trust, however, can be built through a well-developed strategy approved by both sides. For example, the amount can be given gradually upon ensuring the implementation of the council’s activities. Financial reports should be submitted to the administration of the university after each event and the university would decide accordingly whether to continue funding the council or not. The budget could be frozen for a period of time if the club is inactive. Each club should report existing events with justification of expenditures. Clubs would be closed if they prove to be inactive and would be rewarded upon showing activity and productivity.