The Graduate Union of The University of Melbourne Incorporated BALANCE SHEET AS AT 31ST DECEMBER, 1991 Current Assets: Cash ...................................................................................... Receivables ............................................................................. . Inventories .............................................................................. . Prepayments ............................................................................
Notes
1991 $
1990 $
7
236,877 23,629 967 4,304
209,081 4,264 1,364 3,935
265,777
Total Current Assets .................................................................... . Non-Current Assets: Property, plant and equipment Total Non-Current Assets ..............................................................
8
Total Assets ............................................................................... Current Liabilities Bank overdraft - secured ............................................................. Creditors and borrowings ............................................................ Provisions ............................................................................... Total Current Liabilities ................................................................ Non-Current Liabilities Creditors and borrowings ............................................................ Total Non-Current Liabilities ......................................................... Total Liabilities ........................................................................... Net Assets ................................................................................. Members' Equity Reserves ................................................................................. . Retained profits ........................................................................ Total Members' Funds ................................................................. .
FORTHCOMING FUNCTIONS
9 10
11
12
The accompanying notes form part of these financial statements.
218,644
3,019,421 3,019,421
3,059,605 3,059,605
3,285,198
3,278,249
67,625 86,396 5,142 159,163
286,565 68,862 9,106 364,533
887,669 887,669 1,046,832 2,238,366
586,629 586,629 951,162 2,327,087
2,588,655 (350,289) 2,238,366
WEDNESDAY LUNCHEONS Our first luncheon for the year was a great success with a stimulating talk fromMs Sally Brown, the ChiefMagistrate. We are expecting an equally stimulating contribution from Dr Jocelynne Scutt at the April luncheon, notice of which we gave in the February issue. MAYWNCHEON Mr Peter Kronberg - Wednesday 6 May. Mr Peter Kronberg, partner and Executive Director, TASA International Executive Search Pty. Ltd., will speak on "Executive search - a practitioner's view for employers and individuals' '. Peter Kronberg, a Monash Law graduate and aMelbourneMBA, worked originally as a solicitor and then in management, including GeneralManager, Planning andDevelopment forMyer and, before taking his present post, was a principal with Egon Zehnder Inter national. He is also President of the Melbourne University Business School Alumni Incorporated and a Director of the Graduate School ofManagement Limited. JUNE, JULY AND LAT ER WEDNESDAY WNCHEONS Details will be confirmed shortly for speakers for these occasions. Details will follow to members on the functions mailing list and will also be available by telephoning during April.
2,556,743 (229,656) 2,327,087
Notes to the Financial Statements at 31st December, 1991.
1.a) Statement of Accounting Policy The accounts have been prepared on the basis of historical cost and therefore do not reflect changes in the purchasing power of money or current valuations of non-monetary assets, except where otherwise stated. The accounting policies adopted are consistent with those of the previous year. b) D epreciation of Fixed Assets Depreciation is calculated on the straight line basis for building structures and for plant and equipment. Depreciation of building structures is not charged on properties held for investment purposes (refer note 8(b) ). The value of buildings for depreciation purposes is that adopted by Directors on February 1 1990 after receiving independent advice.
2.
Operating Revenue Details of operating revenue are fully set out on pages 9 and 10. Consistent with the previous year, life subscriptions, annual subscriptions and donations have been brought to account as income on a cash-received basis. This policy is considered appropriate by the Council. In regard to life subscriptions, the Council believes that as income from life subscriptions in previous years contributed to the purchase of property, the income receivable from such property is adequate to service existing and future life members.
10 - T he Melbourne Graduate April 1992
Monies donated by members and other donors designated for the Graduate Union Building Fund totalled $4,700 and are accounted for as general income in the period in which they are received. Expenditure on buildings and property amounted to $11,209 for the year ended 31st December, 1991.
3.
4.
Operating Loss
Operating loss is arrived at after charging as expenses/crediting as income: Auditor's remuneration - for audit of accounts - for other services (no other benefits were received by the auditors) Depreciation of buildings Depreciation of fixed assets Interest paid or payable to other persons Provision for employee entitlements Profit on disposal of fixed assets Consultancy Fees Abnormal Items Legal Disputation Retirement Benefits
1991
1990
5,000 1,000
9,658 11,958
37,350 14,522
37,350 18,790
136,439 152
128,338 (4,135) (1,000) 5,760
$
26,054 26,054
$
10,049 46,555 56,604
(continued on page 12)
BASKET LUNCHEON Mrs Beverley Campbell, past President of the Victorian Adult Literacy and Basic Education Council, will be our guest for the first 1992 "Basket Luncheon" on Wednesday 20 May at 12.45 p.m. Mrs Campbell will be speaking on aspects of adult literacy where much has been achieved in recent years through the work of the Council. One aspect of the programme of the Council has been the use of volunteer tutors working on a one to one basis. We are holding the cost of the "Basket Luncheon" to $10 and look forward to your support for this function which is designed to have the hour between 1 p.m. and 2 p.m. available for discussion and comments. Remember to note the dates 19 August and 18 November for later luncheons in this series.
EXPECTING VISITORS? Personally guided day trips for individuals or groups (English or German). Melbourne and country areas. P hone MARLIES JOHNSON (03) 836 7644
THURSDAY DINNER SERIES We hope you have noted the dates 18 June, 16 July, 20 August and 17 September, announ ced in our last issue, being the dates of the Third ThursdayDinner Series, focusing on the Institute of Education, for this year. TheDean, Professor Kwong LeeDow, will be our first guest speaker on 18 June. LANGUAGE DINNERS FRENCH AND ITALIAN We have made a good start with the French and Italian Dinner Series this year. We are continuing these duringMay and June and we hope to be able to continue them for the remainder of the year, subject to attendance levels ensuring financial success as well as the certainty of linguistic and social success. Note these dates: French - 27 April 25May 22 June Italian - 4May 1 June The evenings begin at 6.15 p.m. in the Anderson Room with dinner from 7 p.m. in the Lower Dining Room. The dinner is the normal residents' dinner for that particular evening with, of course, drinks available and conversation continuing over coffee. The charge is $20.
A reminder on bookings SOLO GRAD UAT ES Book through Pam Andressen or Nance Ralston (see next column). OfHER FUNCTIONS Book through Graduate House Manager (347 3428 or 344 6903). PAYMENT Cheques, payable to 'The Graduate Union' or credit cards (Bankcard, Mastercard, Visa) are acceptable.
7/ie Olc/ Y<eclory !Juesl J{ouse
Wonderfully cool in summer, cosily warm in winter. Just part of the joy of a charming Victorian home with large rooms and open fires in each.
Remember staying with your aunt in the country? Browsing through books, tinkling on the piano, wandering around the garden? The scents of lavender, freshly-picked herbs, pot-pourri and roses? And the home-made jams, pikelets, pots of tea, hearty breakfasts, leisurely conversations over fine dinners ... All this nostalgia with the bliss of a relaxing spa, comfortable beds and total pampering.
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102 Rutherford Street Avoca 3467 Phone: (054) 65 3560 � , or (03 531 4675 -�
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the Pyrenees wineries
SOW GRADUATES The active programme for Solo Graduates continues and these current dates should be noted:Friday 24 April Fourth Friday night at Graduate House Saturday 28 April Tennis and meal at Collingwood Indoor Centre Tuesday 28 April Movie night in city Friday 1May Young Solo Graduates night at Graduate House Details of functions are included in the regular information sheet sent to members on the mailing list. General enquiries are welcomed by Pam Andressen (344 4514- day, 347 4608 - evening) and Nance Ralston (848 4959).
RECIPROCAL RIGHTS FOR MEMBERS COMMERCIAL TRAVELLER'S CLUB, SYDNEY We are delighted to announce an agreement made with the Commercial Traveller'sClub of Sydney, which fills a gap for our members. The details are:Commercial Traveller's Association Club, MLCCentre, Martin Place, SYDNEY. 2000 Telephone (02) 232 7344 Postal Address: G.P.O. Box 77, SYDNEY. 2001
Members should obtain a card of introduc tion in the normal way and remember to carry their Graduate Union membership card. Members are responsible for their own accounts at the Club. RECIPROCAL RIGHTS ELSEWHERE The November 1991 newsletter listed the details of other current reciprocal rights. The Melbourne Graduate April 1992 - 1
GR A DUATE HOUSE RESIDENTS AND DUTY RESIDENTS Notice of Annual General Meeting Notice is hereby given that the Annual General Meeting of The Graduate Union of the University of Melbourne Incorporated will be held on Thursday, 28th May, 1992 at 8.00 pm, in the Old Arts Building, Theatre D. Please be seated before 8.00 pm so that a prompt start is possible. I.R. Barrah, Chief Executive Officer.
26 March 1992
AGENDA 1. Minutes: The minutes of the 1991 Annual General Meeting, held on 30 May 1991 (Document Gl0/91), will be distributed at the meeting. Copies were circulated to those members who attended. 2. Business Arising from the Minutes: 3. Financial Statements for 1991: Consider and if thought fit adopt the accounts of the Association as printed and circulated in this issue of The Melbourne Graduate. (To be presented by the Chairman of the Finance Committee, Mr D.J. Berry.) 4. Election of Six Council Members: The Returning Officer will announce the result of the postal ballot, and the names of the elected Council members will be declared by the President. (Note election information on page 8). 5. Annual Reports: 5.1 The Graduate Union (presented by the Chairman Dr O.W. Parnaby). 5.2 Graduate House Board (presented by House Board Chairman Dr L.R. Allen). 6. Business Arising from Motions on Notice 6.1 "Members deplore the substantial losses incurred by the Union over the past three years and which now exceed $360,000 and urge the new Council to take immediate action to drastically reduce administration costs and increase membership." (Proposer: G.R. Howard). 6.2 ''That in view of the substantial losses sustained since 1989, Council be asked urgently (a) to reduce expenditure through a reduction in staffing levels which, in view of the decline in annual membership from about 3770 in 1985 to about 2600 in 1991 are now clearly excessive, and simultaneously (b) to ensure that any new appointments to replace retiring staff or resulting from reallocation of duties should be made only after a publicly advertised recruitment procedure which ensures that full advantage is taken of the current availability in the job market of many people of outstanding capabilities." (Proposer: A.M. Martin). 6.3 "That any proposal to raise capital and expend funds on increased facilities in conjunction with the University Staff Club should be measured against the predominant needs of post-graduate students and the alternative possibility of leasing unused warehouse capacity for development by the lessee.'' (Proposer: M.C. McKenzie). 6.4 ''That this meeting recommends to Council that the primary focus of the Graduate Union is and should continue to be the provision of low cost accommodation for young post-graduate students and as a consequence this motion deplores the apparent emphasis on policies directed to the needs of small minorities concerned with social events or up-market accommodation.'' (Proposer: W.E.F. Berry). 6.5 ''That past residents of Graduate House should be identified and approached both concerning membership and to make donations towards refurbishment and that all members including the group known as Firm Friends should be encouraged to assist in proposals identified in Council as worthy of support". (Proposer: B. A. Funder). 7. Any Other Business
***********
NOTE: A member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote instead of the member and that proxy need not be a member. A proxy form is provided on page 15 opposite, and written appointment of proxies should be sent as soon as possible and must be received at the Graduate Union office by 5 pm on TUESDAY 26 MAY 1992. SUPPER: All members are invited to Graduate House following the meeting for tea or coffee and an opportunity to meet new and continuing Council members.
14 - The Melbourne Graduate April 1992
Our members who visit Graduate House know the Ian Potter Dining Room and the three public rooms (the Anderson Room, the William Johnston Library, the the Stillwell Room) and the rear courtyard. The rest of Graduate House really belongs to the residents who are mainly enrolled post-graduate students but also include a small number of overseas undergraduate students who are taking later year subjects for credit for their home universities under exchange programmes, and also other residents who may be under taking some graduate experience programme or other professional experience or who may be visiting staff members or new staff members at the University. There is no resident staff at Graduate House so that some delegation of responsibility to residents is necessary and this is dealt with on a roster basis involving three of our senior residents being introduced to our readers with this note. Laura Cherubin Laura is French born and, after her bacca laureate, went to the University of Paris to study English and American literature and civilization at the Institute of Charles V. She has her Masters Degree in English and has also completed a preliminary year towards a PhD. Laura then came to Melbourne on an exchange programme between the French and Victorian Ministries of Education and was a Graduate House resident while working in Ministry schools in Melbourne and Geelong as a French teaching assistant. Laura has now returned to Graduate House as a PhD student in the English department and is also a part time tutor in French at the University. Damian Cox Damian took a first class honours degree in Philosophy from the Australian National University and then enrolled as a Masters of Arts candidate in Philosophy at Melbourne. Subsequently, Damian was accepted as a PhD candidate in Melbourne and converted his enrolment accordingly.
Graduate House Duty Residents - (from left)- Jane Lee, Damian Cox and Laura Cherubin.
When based in Canberra, Damian had been employed with the Australian Public Service in the Department of Territories. Since his enrolment as a Melbourne post-graduate student, Damian has been a part-time tutor for undergraduate courses in Philosophy. Jane Lee Jane originally qualified as a nurse and later completed a BA at Griffith University and a Bachelor of Theology from the United Faculty of Theology.
Janeis now taking a Master of Theology at the Melbourne College of Divinity, which is affiliated with the United Faculty of Theology. Jane is also Ecumenical Chaplain and Co ordinator, Chaplaincy Service, at the Caulfield campus of Monash University. Jane has been employed previously as a nurse and a nurse educator and also taught English on a volun tary basis to Inda-Chinese refugees. She is also the author of the paper "Rights to Education for Refugee Children", published in "Children's Rights in Education" in 1980.
NEW CHIEF EXECUTIVE OFFICER I am pleased to announce the appointment of Mr George Deacon as Chief Executive Officer of The Graduate Union (including Warden of Graduate House) with effect from 6 April, 1992, for a period of 2 years in the first instance. Mr Ian Barrah, the present Chief Executive Officer, will become Deputy Executive Officer from that time. Both these appointments will be on a part-time basis and the key full-time appointment of Mrs Fran O'Brien as House Manager continues. Mr George Deacon holds a Bachelor of Commerce and a Master of Business Admin istration from the University and is a certified practising accountant. Before joining the staff of the University in 1972, he was employed by the National Mutual Life Association for 17 years, mainly in actuarial, systems and planning roles. He has had a wide range of
management and administrative responsibili ties within the University, where he became Registrar (Administration) in 1986, the position he held until his early retirement at the end of last month. In 1982, Mr Deacon was seconded to the University of Liverpool and, in 1990, took up the award of the Travelling Fellowship of the Association of Common wealth Universities where he examined particular operational areas within universities of United Kingdom, Canada and the United States of America. George Deacon has had a long association with The Graduate Union and is relinquishing his Vice-Chairmanship and membership of Council in taking up this new appointment. He was first elected to the Graduate Council in 1980 and is a past Chairman of the Finance Committee. He brings to his new appointment
an intimate knowledge of the operations of The Graduate Union in recent years together with the challenges and problems now before it. His other interests have included the membership of the Council of the Melbourne High School over the last 9 years where he is at present the Vice-Chairman of the Council and the Chairman of the Master Planning Com mittee. He has been closely involved in the development of a new building and a complete school refurbishment due for completion later this year involving an expenditure of about $13,000,000. He is a past Chairman of the school's Fundraising Committee. Owen Parnaby Chairman The Melbourne Graduate April 1992 - 3