The Otago University Students' Association remains in a solid
financial position, and ran an operating surplus of more than
$500,000 last year.
General manager Darel Hall said last year's financial
statements further confounded the misconception that
students' associations ''don't think and act
''We are 124 years old. We have got to think in generational
terms, rather than what's happening just next year, or the
year after,'' Mr Hall said.
The financial statements showed the association ran an
operating surplus of $525,497, excluding GST, last year.
Its surplus in 2012 was $636,566.
Operating revenue had declined from $9.4 million to $9.2
million, in part due to there being no dividend from the
OUSA-owned University Book Shop last year, which accounted
for $50,000 of the difference.
The association was in good stead for the future, he said.
It held just over $6 million in reserves, which included $1
million in the ''future students investment fund''.