Where is our money going? An overview of DSU Budget 2015-16 and expectation for 2016-17 Mahbubur Rahman Vice President (Finance & Operations)

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.

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.

2016-17 Budget January 25-February 12,2016:Consultation with Societies and students February 22- March 4,2016- Receiving draft departmental budget from Staffs and Executives March 7-March 18,2016- Preparation of Budget March 20,2016- Submitting Budget to DSU Councillors March 21-March 22,2016-Discussion with New Execs(16-17) March 23,2016- Budget Presentation to DSU Council March 24-March 27,2016- Student Feedback on Budget March 28,2016- Budget will be presented to Board of Operation for recommendation April 6,2016- Budget will be voted on DSU council for approval

2015-16 Budget

Service Revenue Revenue Expenses Surplus (Deficit) Budget Revised Budget Campus Copy 155500.00 145124.77 142646.52 141522.99 12853.48 3601.78 Reservation 105240.00 84012.79 72410.00 60062.02 32830.00 23950.77 Technical 33550.00 32420.00 29550.00 27981.18 4000.00 4438.82 Farmers Market 4080.00 3426.90 6815.00 7430.96 -2735.00 -4004.06 Handbook 0.00 6665.22 9388.27 -2723.05

Grawood Bar (less COGS) Bar and Food Services Revenue Expenses Surplus (Deficit) Budget Revised Budget Food Services 59000.00 72548.11 15425.00 28577.63 43575.00 43970.48 Grawood Bar (less COGS) 78419.75 88823.56 121353.68 136767.22 -42933.93 -47943.66 Grawood Food (less COGS) 55147.50 61849.44 89350.48 104876.62 -34202.98 -43027.18 T Room (less COGS) 56589.00 42941.31 51402.68 48514.08 5186.32 -5572.77 Bar Function (less COGS) 47109.75 41813.04 38900.00 35639.24 8209.75 6173.80 Bar Invoices (less COGS) 31179.75 29387.29 30915.00 29379.93 264.75 7.36

Programming Revenue Expenses Surplus (Deficit) Budget Revised Budget Orientation 213000.00 236445.60 187900.00 181230.64 25100.00 55214.96 Grawood 49850.00 46188.25 55557.00 51883.97 -5707.00 -5695.72 Student life 34000.00 22500.00 67000.00 55500.00 -33000.00 Sexton Programming 16335.00 12525.22 24720.00 19208.57 -8385.00 -6683.35 Other Programming 0.00 18542.58 -22500.00 -18542.58

Summary of 2015-16 Revisions 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.

Challenges for 2016-17 Student fee will not be increased Operating cost is increasing Campus bars are not profitable Renovation impacts on revenue Food service transition Potential less revenue from contracts More societies seeking for funding Continuing new services

Let me know your your priority Advocacy Community Events Services

What we need to do to make sure that “Your student FEE works for you?”

For More information: Email: vpfo@dsu.ca Phone: 902-494-1278 Cell: 902-210-3832 Or message me in Facebook or Twitter More Resources: 2013-14 Audited Statements 2014-15 Audited statements http://www.dsu.ca/budget

Thank You