Finance Report

Delta Upsilon Financial  Non-profit  Taxed quarterly and yearly  Luke and Erika  Two accounts  OmegaFi (operating)  Well’s Fargo Business Checking  Budgeting  Full year

Expenses  House rent – $90,000  Cable TV – $7,800  Electric – $13,200  Exterminator - $540  Internet – $8,160  Lawn care – $1,000  Natural gas – $7,200  Garbage – $3,000  Windstream – $1,200  Water – $7,200  Alarm - $600  Capital Improvement – $3,000  Printer - $500  General Repairs – $12,000  Kitchen Repairs - $3,000  Scholarship - $1,000

Expenses  Office expense – $1,000  Stationary - $1,500  Alumni smoker – $1,500  Philanthropy – $10,000  Composite Pictures – $1,500  Initiation - $7,200  Associate Member Fees – $2,100  Member Fees – $4,250  Greek Life EDU - $450  DU Liability – $7,000  Initiation Ceremony – $5,000  Greek Affairs Fees - $7,080  Pledge Education - $1,500  Rush Expense – $17,000  Parking Lot – $13,500  House Parents – $14,400

Expenses  Payroll Taxes – $3,768  Scholarship Dinner – $1,000  Intramurals – $2,000  Homecoming – $3,000  Social - $24,000  Sneak – $3,000 (come from backlot)  Food Service – $133,000  Travel and Conferences - $5,000  OmegaFi Fee – $6,000  Total: $435,148.00

Account Balance After Expenses  Well’s Fargo Low point of 2015: $13,  Well’s Fargo Low point of 2014: $11,  OmegaFi Low point 2015: $3,  OmegaFi Low point 2014: $8,  Total Profit: -$1,890.68

Where does the money go?  Rent  Budgeted last year as $75,000  Changed to $90,000 to cover institutional forgiveness  Leadership opportunities  Sent 2 people to DUEL  Sent 4 people to GSI  Sent 16 people to LI  House expenses

Food Budget  Increased budget from $120,000 to $133,000  February bill: $14, (month)  40 gal of milk a week  August bill: $6, (One week)  75 gal of milk in a week  Even though we increased the budget, the current food policies cannot be continued on our current pricing structure  The current policies are making it difficult for Jen and I to follow our respective budgets  Less Live-ins and more overall members = lost income

New Food Policy  Milk, Salad Bar, Breakfast and Cereal can only be eaten by people with a meal plan  Live outs who buy individual meal can eat these things from 11-1 and 5- 6, with charges for individual meals going through OmegaFi  Lunch Only Meal Plans: $450 per semester  All liquids served in the kitchen must be drank in clear plastic or small Styrofoam cups  No more filling milk and juice up in large containers/protein shake glasses