1. DSU Revised Budget 2015-16 Mahbubur Rahman Vice President (Finance & Operations) 18 November,2015

2. Budget Process  The fiscal year of Dalhousie Student Union (DSU) is from April 1, to March 31.  Vice President (Finance and Operations) submits budget to Council before April 1 of each year.  Vice President (Finance and Operations) must ensure the budget is submitted to the Board for feedback before it is submitted to Council.  Board of Operations (BOPS) assist in developing an annual budget and make recommendations to Council regarding its approval.  A budget for each fiscal year is approved by Council before April 15 of each year.

3. Budget Process  Vice President (Finance and Operations) submits revised budget to Council before December 15 of each year.  Vice President (Finance and Operations) must ensure the budget is submitted to the Board for feedback before it is submitted to Council.  Board of Operations (BOPS) make recommendations to Council regarding its approval.  Budget is revised by Council before December 15 of each year.

4. Budget Process  November 10,2015 : Board of Operations (BOPS) reviewed the revised budget and recommended to Council for approval  November 18,2015: Revised Budget is presented to DSU Council  November 24,2015: Board of Operations (BOPS) will review recommendations from council.  December 2,2015 : Revised Budget is to be voted on Council

14. Goals

16. Service Revenue Revenue ExpensesSurplus (Deficit) Budget Revised Budget Budget Revised Budget Budget Revised Budget Campus Copy 155500.00145124.77142646.52141522.9912853.483601.78 Reservation 105240.0084012.7972410.0060062.0232830.0023950.77 Technical 33550.0032420.0029550.0027981.184000.004438.82 Farmers Market 4080.003426.906815.007430.96-2735.00-4004.06 Handbook 0.006665.220.009388.270.00-2723.05

17. Bar and Food Services Revenue ExpensesSurplus (Deficit) Budget Revised Budget Budget Revised Budget Budget Revised Budget Food Services 59000.0072548.1115425.0028577.6343575.0043970.48 Grawood Bar (less COGS) 78419.7588823.56121353.68136767.22-42933.93-47943.66 Grawood Food (less COGS) 55147.5061849.4489350.48104876.62-34202.98-43027.18 T Room (less COGS) 56589.0042941.3151402.6848514.085186.32-5572.77 Bar Function (less COGS) 47109.7541813.0438900.0035639.248209.756173.80 Bar Invoices (less COGS) 31179.7529387.2930915.0029379.93264.757.36

18. Programming Revenue ExpensesSurplus (Deficit) Budget Revised Budget Budget Revised Budget Budget Revised Budget Orientation 213000.00236445.60187900.00181230.6425100.0055214.96 Grawood 49850.0046188.2555557.0051883.97-5707.00-5695.72 Student life 34000.0022500.0067000.0055500.00-33000.00 Sexton Programming 16335.0012525.2224720.0019208.57-8385.00-6683.35 Other Programming 0.00 22500.0018542.58-22500.00-18542.58

21. Summary  Student fee is expected to have no increase this year.  Most of our revenues are expected to be lower than last year.  No significant cut is made for allocations to Services and Programming.  DSU Budget is deficit of $18,707.31 and revised budget proposed a deficit of $20,737.31.  Considering the challenges of this year, we are doing great.