Presentation on theme: "GA 14-15 Budget Presentation. Background (Savings) Bottom line: The GA has a substantial amount of savings in various forms. Endowment Commercial Revenue."— Presentation transcript:
GA Budget Presentation
Background (Savings) Bottom line: The GA has a substantial amount of savings in various forms. Endowment Commercial Revenue Savings Accumulated Carryforward $177, $498, $241, TOTAL: Est. $917,213.21
Background (Income) Bottom Line: The GA gets money from several sources. Some of this money is restricted, some is not. Total income is down about $7,000. Student Fees Graduate Division CACSSF $425,040 Est. $21,200 $89,000 TOTAL: Est. $535,240 Commercial Revenues $50,000 Up about $8,000 Same as last year Down about $15,000 Same as last year
Big Picture Bottom line: The budget I’m presenting today allocates roughly a $48,000 deficit. This is slightly higher than ’s allocated deficit. Income Expenses Surplus (Deficit) Approx. $535,240 $583,306 Approx. $(48,066) Based on the Treasurer’s proposed budget: Down ~$7,000 Down ~$1,000 $6,000 increase in deficit
Do we have a problem? Yes and No – This year’s $45,000 allocated deficit is projected to be much smaller in reality: We don’t spend everything we allocate. – The GA has savings to weather a deficit should we incur one. – However, an actual deficit this large wouldn’t be sustainable long term. What are we doing about it – Working with Arturo to make the deficit a key item to work on next year – Need to work on a way to more accurately forecast actual expenditures Bottom line: It’s not a problem in the short run, especially if you’re happy with the GA output, but it is something we need to work on.
Where are we spending money?
How did that change from last year? spend: $584, spend: $583,306
So what’s going on? Overall, while PC spending and payroll spending increase, we actually reduce our total expenses by about $1,000 through other reductions. CACSSF funding for GSPA will be discontinued in 14-15, essentially accounting for the increase in deficit over last year.
What are the major spending increases? Losing GSPA funding ($10,400) Increased stipends for Execs ($4,200 total) – $600 each for CAVP & EAVP – $3,000 for EAVP staff, bringing in line with $20/hr wage Increased stipends for 8 of 9 projects ($12,600 total) – $10,600 for PCs, $2,000 for WOCI assistant Increased programming for Projects ($20,900)
What are the major spending decreases? Reduced* student group funding ($25,000) – Allocating $163,000 for SGF. This year’s Student Group spending is under $150,000 so far (for reference). Reduced Business Office spend ($5,150) – Eliminated PSA budget ($8,000) – Increased Delegate Meeting & Training Meals ($2,250) Eliminated GSA position and Community Outreach Workgroup position expired ($3,840) Reduced IT Spend ($5,100) Reduced UCSA Dues ($1,000) *Student Group Funding was increased by $25,000 in September 2013 from extra funds elsewhere in the budget. Original allocation for school year had been $163,000.
What do we do from here? Review proposed budget and approve it or amend it before approving it. – Some Line Items for consideration Rules Committee Stipend (line 73) GWP Stipend (line 108) GSSP Stipend (line 124) GMORR Stipend (line 129) WOCI Stipend (Line 135) WOCI Assist (Line 140) – Note: Typo – Requested Assistant stipend was $2,000. TBG Stipend (Line 149) – Note: $3,000 difference is regarding a TBG Social Media Manager Think about what to do with Savings!