1. Student Senate Fall 2017 State of the Finances
Treasurer: Alex stogin

2. Overview
Report looks at current Senate budget and status of the rollover fund
All information up to date as of 9/23/17

3. Fiscal Year 2016-2017 Review Total Revenue: $349,185.18
Exec/Media Budget: $187,176
Total RSO Allocations: $162,093.87
Total Expenses: $249,484.01
RSO Expenses: $126,548.53
Exec/Media Expenses: $122,935.48
Rollover: $168,549.97
Retroactive Cases: 3

4. Current Status of the Budget
Current Account Balance: $424,650.27
Operational Account: $166,493.14
Rollover: $264, (added $95,485.54)
Added $70, to the rollover last year
Current Exec/Media Budget: $211,806 (up $24,630 from last year)
Two carry over retroactive punishments

5. Outlook for the 2017-18 Fiscal Year
FAB will continue issuing opinions on petitions it approves but views as being potentially financially irresponsible to fund and that the GA should be aware of
RSOs will continue to be required to attend FAB Seminars after every leadership change in an attempt to eliminate rushed petitions and retroactive punishments
Increased oversight of Senate’s finances will be a primary focus for the year ahead
Rollover could reach up to $300,000+ dollars by fiscal year