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ASA Fees
& Annual Budget
About the ASA Fees:
As a student at Augustana, you pay $65/semester in ASA fees. This money helps support the organization and what the Association can offer students.
The ASA takes pride in transparency with your fees. We will post monthly budget updates under the 'Reports' tab in Governance. We also have an external audit firm review the financials each year to ensure that monies are being spent according to organizational priorities.
Annual Budget Allocations
88%
OPERATING FUND
88% of the fees return outwards to the community supporting and representing Augustana students. It funds events, services, food security, clubs, student awards, grants, leadership, advocacy work, student publications, and operational/administrative costs including salaries and bursaries.
9%
INVESTMENT FUND
9% of annual fees are transferred to investment fund, earmarked for the acquisition of student space and retail opportunities to be run by the ASA with a philosophy of value pricing for students.
2.3%
CAPITAL FUND
2.3% of fees covers the cost of office equipment, software, and furniture.
0.7%
CONTINGENCY FUND
0.7% of fees are set aside for unexpected or emergency costs that are not accounted for in the operating budget.
For questions and concerns related to the budget please contact VP Finance at asavpfin@ualberta.ca.
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