1. ASU Budget 2018/19 Presentation by: Liam Schreiter
Prepared by: Liam Schreiter and Ian Morrison

2. Table of Contents General Commercial Operations Employee Compensation
Student Services & Internal Organizations
Summary
Questions?

3. General Key Changes Propane
Vast majority of appendices haven’t changed significantly
Increase to Student Fees - $8.50 ($7/$1.50)
Increase to Enrolment
3360 FT; PT remains constant
Legal Fees
17/18 actuals higher than 18/19 budget
Hopeful to take measures to reduce
Propane
Current deficiencies in AB&G; working to fix
Will reduce costs once these are addressed

4. Commercial Operations
Key Ideas
Diversity in structure of commercial operations
Allows for reduction of risk within a single operation
Competition, labour rate increases and payroll tax increases
Ability to resist without cutting any area
Allows for expansions within various areas:
Continued ability to offer food at student-friendly prices
Building Hours
AB&G Summer Opening
Hidden costs of operations like Food Cupboard, IOs, Handbook, etc.
Increases to student jobs through increased operations

5. Commercial Operations
Key Changes
Bar Services
Realizing more revenues than expected
Patio Project; Summer Hours
Current Bar Management Group; Budget for FT Manager
Cajun’s
Excellent manager performance
Similar to AB&G; realizing higher revenues and lower costs
Remain conservative in budgeting to mitigate risk
Reduction to Cost of Sales
Food Services
Overall $2k increase to deficit from 17/18
Changes in nature of use; AxeHandle closed at 11 am, etc.

6. Employee Compensation
Full-time staff
Rate of inflation: 1.25%
Average 2% increase to FT staff pay
Still have a lot of ground to cover in comparison to competition
Part-time staff
Increase to provincial minimum wage; increase to all PT wages
Increase for front-line staff, and minimum wage earners
Anyone receiving tips classified as “minimum wage earner”
Student Manager increase to $12/hour
Have not changed relative to min. wage in a number of years
Handbook Advertising Manager

7. Employee Compensation
SRC & Internal Organizations
Gratitude for work, volunteer, etc.
No change in 12 years
$5000 overall change divided between 25 members
$200 increase per member
Executive Members
Lacking in terms of competitive salaries and scope of work
Looking into ways of addressing this through Financial Affairs
Potential plebiscite; idea must be fleshed out, will see by end of year
FT staff competitiveness would be addressed at same time

8. Student Services & Internal Organizations
Programming
Overall increase to contribution to programming efforts
$7.5k increase
Homecoming plans
No Super SUB, however still budgeting for Winter Carnival
Will allow executive team to still have funds to prepare events
Food Cupboard
New addition to the budget; break-even
Gratitude
ASU hopes to contribute more in future

9. Student Services & Internal Organizations
Athenaeum
Decrease to overall deficit; $12.5k -> $8.5k
Creates ability for advertisements to be run on website
Aligns with EIC’s vision of moving to online platform
Also helps move toward Ath being independent
Main cost reduction = # of issues (2)
Supported by Athenaeum staff based on conversations
Axe Radio
Recognizes more revenues for advertising on phone app
No change in overall deficit
Budget for two coordinators
Included in # of IOs for pay increase calculation

10. Conclusion
That’s your 2018/19 budget in a nutshell. If you have any questions about nitty gritty, specific line items in the budget, please come see me in my office hours over the next week!