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McMaster Students Union

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

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  1. McMaster Students Union 2013 – 2014 Annual Budget

  2. Presentation Contents • Assumptions and Guidelines • Gross Revenue/Expenses • Budget Schedule – MSU Inc. • Important Changes • Fees • Final Remarks

  3. 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

  4. MSU Inc. Revenues, Expenses and Net Income.

  5. Organizational Snapshot

  6. Schedules: MSU Inc.

  7. Projected Business Revenue

  8. TwelvEighty Margins

  9. TwelvEighty Net Cost

  10. Capital Purchases – Union Market

  11. 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

  12. 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

  13. 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

  14. Student Fee Breakdown Note: Does not include Orientation Fee University Related Fees MSU Related Fees Independent Group Fees

  15. Student Fee Breakdown

  16. Administration Fee Revenue

  17. Administration Expenses

  18. Executive Expenses* *Excludes General Manager

  19. 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

  20. Questions? 2013 – 2014 Annual Budget

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