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:
Background (Savings) Bottom line: The GA has a substantial amount of savings in various forms. Endowment Commercial Revenue Savings Accumulated Carryforward $177,259.84 $498,334.20 $241,619.17 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 2013-14’s allocated deficit. Income Expenses Surplus (Deficit) Approx. $535,240 $583,306 Approx. $(48,066) Based on the Treasurer’s proposed 2014-15 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.
How did that change from last year? 2013-14 spend: $584,288 2014-15 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 13-14 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!