ANU Sport has a finite pool of grant money that Clubs can apply for yearly. The total pool of funds allocated to the Clubs each year is decided by the Board on an annual basis.
The ANU Sport Board has agreed with the following recommendations:
- To match the SSAF Allocation of $100,000.00 to make the total club grant pool for 2020, $200,000.00
- To split the total pool - 90% to Base Fund $180,000.00 and 10% to Development Fund $20,000.00
BASE FUND 2020 PROCESS
Base Fund is intended to assist clubs with subsidising the operational cost of the club, to ensure membership fees can remain competitive within the community market and maintain a lower price for student memberships.
If your clubs wants to be a part of the 2020 grants, a member of the executive committee must submit a base fund opt in form by 21Feb20
Each Club will receive a percentage of the total Base Fund Pool, which will be calculated per-Club based on the percentage of the total pool of funding they have received in the last four years or number of years they have existed. Please see the percentage breakdown of the Base Grant allocation for 2020.
If all club requirements have been completed by 22Feb20, clubs will be paid 50% of their Base Fund Grant by the end of Feb. If requirements have not been met, then the grant funds will be held until second grant payment.
If all club requirements have been completed by Dec20, clubs will be paid the remaining 50% of their Base Fund by end of Dec. If requirements have not been met, then the grant funds will be allocated to the development fund and will not longer be accessible to the club.
DEVELOPMENT FUND 2020 PROCESS
Development Fund is intended to provide centralised training and development to all clubs, to improve club operations, governance, financial management, safety and risk management. The Development Fund will not be tied to the Base Grant Funding, but Clubs will still need to meet Affiliation requirements to be a part of the training and development opportunities. ANU Sport will organise a training/workshops and ANU Sport will endeavour to hold these for weeks 3 and 4 of each semester (or as possible based on the availability of training). Newly affiliated clubs may receive some initial financial support from this fund.
If your club would like to contribute suggestions for training, and workshop ideas, a member of the executive committee is encouraged to submit a development fund suggestion form by 21Feb20.
All development fund events will be offered through the monthly newsletter.