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Oxford University Gazette, 2 June 2005: University Acts

COUNCIL OF THE UNIVERSITY

Changes in Regulations

Council has made the following changes in regulations, to come into effect on 17 June.

Regulations for College Contributions

1 Delete existing Council Regulations 4 of 2003, concerning College Contributions.

2 The following regulations shall constitute Council Regulations 1 of 2005.

Council Regulations 1 of 2005

Made by Council on 2 June 2005

1. These regulations are made under the provisions of Statute XV, and references to sections are to the sections of that statute unless otherwise stated.

2. The sum payable by each college under section 5 shall be calculated as follows, the tax bands and tax rates for a particular financial year being decided by Council by regulation on the recommendation of the college Contributions Committee before the end of that year. Payment to be made in Hilary Term, based on accounts for the immediately preceding financial year. The tax bands and tax rates for 2006 are as follows:

On the first £30 million of taxable wealth NIL
On the next £3 million 0.10 per cent
On the next £3 million 0.20 per cent
On the next £3 million 0.30 per cent
On taxable wealth over £39 million 0.36 per cent

Ascertaining the Taxable Wealth of a College

3. Taxable wealth will be computed on the basis of the aggregate of the following:

(i) Total funds less tangible fixed assets per the consolidated audited financial statements of the college at 31 July

(ii) 30 per cent of conference and function income included in the consolidated audited financial statements of the college at 31 July, multiplied by 100/4

(iii) Total funds per the consolidated audited financial statements of any entity over which the college exercises control or dominant influence, or whose objects are mainly or exclusively confined to the benefit of the college, if the financial statements of that entity are not consolidated with those of the college; such financial statements to be drawn up not more than 12 months preceding the 31 July at which the college's financial statements are drawn up

Less

(iv) Funds included in total funds per the consolidated audited financial statements of the college at 31 July which must be applied by the college as sole trustee for purposes wholly outside the objects of the college

(v) Allowances for exceptional obligations, multiplied by 100/4.

Conference and Function Income

4. There shall be excluded from conference and function income all fees, dues, establishment charges and charges for meals paid to the college by or on behalf of junior members of the college who are members of the University, and charges paid to the college by senior members of the college in connection with their employment by the college, or membership of the college or its common room.

5. Conference and function income shall otherwise include all fees and charges paid to the college by or on behalf of all parties, including visiting students who are not members of the University, and with respect to conferences and functions organised by or on behalf of members of the college.

Exceptional Obligations

6. If a contributing college makes to the college Contributions Committee a written application on the ground that its endowment is burdened by some charge or obligation of an exceptional nature in respect of which a deduction ought fairly to be made (whether imposed on the college or accepted voluntarily by the college for reasons which the committee considers reasonable having regard to the interest not necessarily only of the college but if appropriate also of the University and colleges as a whole), the committee shall consider that application and may at its discretion decode what deduction (if any) shall be allowed to the college in respect of that charge or obligation.

Annual statement of taxable wealth and college contributions

7. At the same time as submitting its annual financial statements under section 8, each college shall also submit a statement, in the form set out in the Schedule to these regulations, giving details of its taxable wealth for the financial year concerned and of the calculation of any contributions payable on that wealth.

SCHEDULE

Taxable Wealth and College Contributions

Year ended 31 July XXXX

£ £
Total consolidated funds XXXXXXXX
Less: tangible fixed assets (XXXXXXXX)
Conference and function income XXXXXXXX
30% thereof XXXXXXXX
Multiplied by 100/4 XXXXXXXX
Total funds of any entity over which the college exercises control or dominant influence, or whose objects are mainly or exclusively confined to the benefit of the college, if the financial statements of that entity are not consolidated with those of the college
XXXXXXXX
Funds included in total funds which must be applied by the college as sole trustee for purposes wholly outside the objects of the college
(XXXXXXXX)
Allowances for exceptional obligations XXXXXXXX
Multiplied by 100/4 (XXXXXXXX)
Aggregate taxable assets XXXXXXXX


College contributions payable
on aggregate taxable assets:

On £ XXXXXXXX 0.00% 0
On £ XXXXXXXX X.XX% £ XXXXXXXX
On £ XXXXXXXX X.XX% £ XXXXXXXX
Total college contribution payable £ XXXXXXXX

[These changes, made on the recommendation of the college Contributions Committee, reflect the change from an income-based taxation model to a wealth-based model, as agreed by Council and the Conference of Colleges. ]

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CONGREGATION 26 May

Elections

On Thursday, 26 May, the following were duly elected to hold office from the first day of Michaelmas Term 2005 for the periods stated:

Council

Member of Congregation, from members of the faculties in the Life and Environmental Sciences, Mathematical and Physical Sciences, and Medical Sciences Divisions

For four years

P.C. ENGLAND, MA, D.PHIL., Fellow of University

Member of Congregation, from members of the faculties in the Humanities and Social Sciences Divisions

For four years

M.B. GREGORY, MA, D.PHIL., Fellow of St Hilda's

Member of Congregation, not necessarily being members of any division and not in any case being nominated in a divisional capacity

For one year

T.P. SOFTLEY, MA, Fellow of Merton

For four years

A.W.M. GRAHAM, MA, HON. DCL, Master of Balliol

[The votes recorded were: for Mr Dovey, 95; for Dr Graham, 281; for Professor Smith, 204; for Professor Softley, 271]


Curators of the University Libraries

For four years

M.E. CEADEL, MA, D.PHIL., Fellow of New College

[The votes recorded were: for Professor Ceadel, 245; for Professor Chalker, 167]


Curators of the University Parks

For six years

R.G. RATCLIFFE, MA, D.PHIL., Fellow of New College


Curators of the Sheldonian Theatre

For four years

1. P. COONES, MA, D.PHIL., Fellow of Hertford

2. D.J. EDWARDS, MA, Fellow of Wadham


There having been no nominations for (i) the vacancy for one member of the Buildings and Estates Subcommittee, and (ii) the vacancies for three members of the Visitatorial Board Panel, these vacancies lapse to the Vice-Chancellor and Proctors jointly.

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CONGREGATION 31 May

Declaration of approval of unopposed Legislative Proposal

No notice of opposition having been given, Mr Vice-Chancellor declared the Legislative Proposal changing the name of the Faculty of Modern History to the Faculty of History approved.

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COUNCIL OF THE UNIVERSITY

Register of Congregation

Mr Vice-Chancellor reports that the following names have been added to the Register of Congregation:

Bowtell, A., MA, M.St., D.Phil., Lady Margaret Hall

Cardon, L.R., Hertford

Cole, M.A., University Laboratory of Physiology

Colella, S., Wellcome Trust Centre for Human Genetics

Farrar, J.J., D.Phil., New College

Froyd, C.A., School of Geography and the Environment

Fugger, L., Weatherall Institute of Molecular Medicine

Gauguier, D., Wellcome Trust Centre for Human Genetics

Harris, M.J., BA, Oriel

Hornby, C.J., Hertford

Irving-Bell, L.C., MA, D.Phil., Queen's

Jones, E.Y., Jesus

Key, T.J.A., Green College

McHugh, P.J., D.Phil., Wolfson

Nicholls, M.C., MA, M.Phil., Queen's

O'Callaghan, C.A., BM, B.Ch., MA, D.Phil., Queen's

Peach, K.J., Wolfson

Roddam, A.W., D.Phil., Linacre

Sharp, R.E., Brasenose

Wright, H.J.K., M.Eng., University

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