NUS Benefits Statement
UPDATE (8 JUNE 2016): Following the statement that we published on Monday (See Below) that updated the financial figures that YUSU received from the NUS, the Deputy Returning Officer has taken the decision (with agreement from both Campaign leaders) to extend voting by 24 hours;
Voting will now close at 5pm on Thursday 9 June.
Both Campaign sides will now have an extra day's worth of campaigning with these updated figures - once again, we apologise to anyone that feels misled by this mistake and would like to advise any student that wishes to make a complaint about the referendum process to do so by 5pm on Thursday 9 June 2016. Please contact email@example.com to make a complaint. This includes individual students that feel this information would have altered their vote.
Orginal Post (6 JUNE 2016):
Ahead of the YUSU 2016 AGM, and our subsequent (and ongoing) referendum on YUSU’s affiliation with the National Union of Students we were provided with a benefits statement by the NUS. This offered an assessment of the financial benefits of NUS affiliation to YUSU and students at the University of York and set out the value of retrospective discounts that we receive through our membership of the NUS’s purchasing consortium. The information was published on the YUSU website in parallel with the launch of the referendum on 23 May 2016.
Following receipt of a request to provide breakdowns of the savings received over a four year period by the ‘no’ campaigners, we have been working with the NUS to offer a more comprehensive picture of the financial information.
During the course of this process it has emerged that the incorrect information was provided by the NUS as part of the original benefits statement. The figures were provided in a period when the NUS’s website was down, and electronic reporting systems were not running. Unfortunately, due to human error, the incorrect information was given. The correct figures for 2014-15, established this morning, are as follows:
Rebates and savings received by YUSU as a result of the NUS affiliation - In total, YUSU received £51,864 in rebates and savings from its NUS affiliation in the last financial year. The benefits statement originally stated £68,602 was received.
Net profit: £6,452 net profit was generated as a result of NUS affiliation, alongside £36,599 of unseen benefit 1. The benefits statement originally stated that YUSU generated a profit of £18,551 from the affiliation.
YUSU’s affiliation fee for the financial year 2014/15 was £44,932. For 15/16, the fee was £50,051.
The lead referendum campaigners and the external returning officer have been contacted to alert them to this error. This information has been shared in good faith to enable students to have the most comprehensive information possible.
We apologise to anyone that feels misled by this mistake and would like to advise any student that wishes to make a complaint about the referendum process to do so by 5pm on Thursday 9 June 2016, in line with the election rules. Please contact firstname.lastname@example.org to make a complaint. This includes individual students that feel this information would have altered their vote.
Please contact email@example.com with any questions about this information or the referendum.
1 Unseen benefit is an analysis of savings received against wholesale supply contracts versus NUS negotiated consortium contracts.