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McMaster Students Union. 2013 – 2014 Annual Budget. Presentation Contents. Assumptions and Guidelines Gross Revenue/Expenses Budget Schedule – MSU Inc. Important Changes Fees Final Remarks. Assumptions & Guidelines. Assumption: 20,500 Students

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mcmaster students union

McMaster Students Union

2013 – 2014 Annual Budget

presentation contents
Presentation Contents
  • Assumptions and Guidelines
  • Gross Revenue/Expenses
  • Budget Schedule – MSU Inc.
  • Important Changes
  • Fees
  • Final Remarks
assumptions guidelines
Assumptions & Guidelines
  • Assumption: 20,500 Students
  • Assumption: Approved capital purchases made on day one of the fiscal year
  • Assumption: Straight-line amortization with no residual value
  • Guideline: (Revenues)/Expenses
  • Guideline: Cost of Goods Sold = COS
  • Guideline: Conservative Forecasting Approach
important changes
Important Changes
  • Second year of Welcome Week transfers
  • House of Games rent decrease offset by an increase in rent from Student Wellness
  • Fee increases at the Daycare necessitated by increasing costs and onset of full-day kindergarten
  • Increase in expenses for medical supplies at EFRT
  • Several EXEC budgets consolidated
  • Introduction of Peer Support Line budget
important changes1
Important Changes
  • Decrease in transportation revenues at Compass due to PRESTO
  • Increase in wages at Campus Events to accommodate increased programming and service provision
  • Some Marmor wage expenses tracked through Underground for design time
  • New underwriter for Health Plan changes financial tracking and reporting
important notes
Important Notes
  • Funding to faculties will be disbursed from 6602-0101 the current line for group disbursements
  • Audit fees remaining steady at $28,750 with a one-time cost to accommodate new NPO reporting requirements
  • Increased funding for clubs
  • Capital Plan expenses tracked under “depreciation expense” lines
student fee breakdown
Student Fee Breakdown

Note: Does not include Orientation Fee

University Related Fees

MSU Related Fees

Independent Group Fees

executive expenses
Executive Expenses*

*Excludes General Manager

final remarks
Final Remarks
  • The MSU is approaching a break-even point
  • The next year will be an important one for strategic analysis of the organization’s direction
  • This budget presents a careful balance between growth and stability
questions

Questions?

2013 – 2014 Annual Budget