The university's council (its governing body for non-academic matters) is forbidden by statute from having any "property in or financial responsibility for" the college. As the college no longer receives any direct public funds, it is generally reliant on its own ability to raise funds. Thus the generation of research income by resident research staff, the generation of conference income and the support of alumni are crucial for the college. As a consequence of this status, any formal or financial relations between the college and the university are effectively governed by agreements and contracts. Goods and services provided by the university to the college are charged for by the university; similarly, goods and services provided by the college to the university are charged by the college.