Economical Affairs
Office of Economical Affairs
Juan Baer interim. Head
It is my goal to make sure that the students get the most benefits for their ÖH-fee. That’s how I can contribute to a great study atmosphere in Krems.
Administrators
- tba
Responsibilities
Frequently Asked Questions
According to § 38 Abs. 2 HSG 2014 the Austrian Students’ Union is obligated to collect a membership fee from every student each semester. This ÖH-fee is then distributed and the ÖH IMC Krems gets 95% and the Federal Students’ Union keeps 5%. In addition €0,70 will be collected for the „ÖH-Insurance“ .
Finances
According to §41 Abs. 1 HSG 2014 all spendings are based on the approved annual budget (JVA). This “JVA” specifies the cost framework or partial budgets for the respective areas. Moreover, the University Representation must prepare annual financial statements, which must be accompanied by an audit report from an auditor. This controls the actual use of the budget and checks compliance with all legal requirements.
The following principles form the foundation of the work in the “WiRef”:
• correctness,
• expediency,
• economic efficiency and
• easy controllability
Annual financial statements incl. audit report (will be created until 31.12.2024)
Cohort Funding
Each cohort has the opportunity to apply for funding through the respective Cohort Representatives at the responsible Study Representation. The Study Representation decides on the exact amount, approval of the application and the appropriateness of the potential funding. There is no legal entitlement to funding or a specific amount of funding.
Funding is to be granted if at least 75% of the respective students (with the exception of students on PTS, ARTS, Exchange) benefit from it as part of their studies. The event to be funded must also be related to the course of study, e.g. excursions, seminars, workshops, book orders, software applications or laboratory equipment. Only one application may be made per academic year and the amount of funding is limited to 15 Euros (only in SV Health and SV Tech) per student per academic year – different regulations can be made by the respective Study Representation.
Once the Study Representation has approved the funding, the complete application form with all the necessary documents must be submitted. No individual transfers are made to students, but rather collective transfers, either to a person from the cohort who initially pre-financed the costs, or the invoice is directly paid by ÖH IMC Krems.