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2011-2012 Consolidated Budget Presented to the members of the AMS Assembly. Prepared by Ashley Eagan, Vice-President Operations October 27 th, 2011.

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Presentation on theme: "2011-2012 Consolidated Budget Presented to the members of the AMS Assembly. Prepared by Ashley Eagan, Vice-President Operations October 27 th, 2011."— Presentation transcript:

1 Consolidated Budget Presented to the members of the AMS Assembly. Prepared by Ashley Eagan, Vice-President Operations October 27 th, 2011

2 Presentation Timeline Process Operating Fund Restricted Funds Bottom Line – Overall Consolidated Budget Notes and Moving Forward Service Director Presentations

3 Process June/July – Strategic Planning July/August – Budgets submitted to Executive and Board of Directors August – Service budgets approved by Board of Directors September – Operating budgets and Restricted Fund budgets finalized October – Consolidated budget approved by Board of Directors; Consolidated budget approved by AMS Assembly

4 Operating Fund Assembly Budget General Office Other Operations Services

5 Operating Fund RevenueExpensesNetWeight Assembly $1,783,840$1,778,539$5,30117% General Office and Other Operations $2,541,764$2,605,581$(63,816)25% Services $6,017,506$5,952,877$64,62958% Operating Fund Net $10,343,111$10,336,997$6,114

6 Operating Fund History YearRevenueExpenseNet $10,343,111$10,336,997$6, $9,745,515$9,546,591$175, $8,549,736$8,442,396$107, $8,758,227$8,625,807$132, $8,408,894$8,506,303$(106,640) $7,838,589$7,970,518$(131,929)

7 Assembly Budget

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9 General Office Budget

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11 Other Operations Board of Directors Student Life Centre Administration MacGillivray-Brown Hall Communications Office Human Resources Office Marketing Office Information & Technology Office

12 Board of Directors Budget

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14 Student Life Centre Administration Student Centre Office > Student Life Centre What Changes? Retail Tenant Revenue Locker, Room, and Table Revenue Increase in Salaries

15 Student Life Centre Budget

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17 Mac-Gillivray Brown Hall Its here to stay!

18 Mac-Brown Budget

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20 Human Resources Budget

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22 IT Office Budget

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24 Restricted Funds What are they? Advantage Fund Accessibility Fund $3.00 Health & Dental Fund $112.43/$97.15 Student Centre Fund $29.73

25 Restricted Funds BalanceRevenueExpensesNet Accessibility $102,339$63,70030,000$33,700 Advantage $385,726$155,000$134,000$21,000 Health & Dental $657,361$2,123,000$2,110,000$13,000 Student Centre $3,598,133 $2,763,901$2,861,165$(97,263) Operating Fund Net $5,093,560$5,105,601$5,135,165$(29,563)

26 Student Centre Fund Changes?

27 Student Centre Fund Increase of $200,000 operating expense …or other words 33% expense increase

28 Consolidated Budget RevenuesExpensesNetWeight Assembly $1,730,119$1,724,817$5,30111% Services $6,017,506$5,922,877$64,62940% Other Operations $2,541,764$2,605,580$(63,815)16% Restricted Funds $5,105,601 $5,135,165$(29,563)33% AMS-wide Net $15,448,713$15,472,162$(23,448)

29 Consolidated Budget Notes to consider… Deficit represents 0.02% of overall budget Amalgamation of SLC into Society structure Long term investment into Mac Brown 97% decrease in Bus-It revenue Transfer of Queens Centre contribution

30 Moving Forward… Discussions on current and future student fee revenue effects Allocated expenses philosophy review Develop policy surrounding financial controls on staff and volunteer appreciation Continue to breakdown large line items to ensure accountability and eliminate expenses Formalizing budget timeline process in conjunction with the Student Life Centre Council


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