DSU Revised Budget 2015-16

Mahbubur RahmanVice President (Finance & Operations)

18 November,2015

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.

Budget Process November 10,2015 : Board of Operations (BOPS) reviewed

the revised budget and recommended to Council for approval

November 18,2015: Revised Budget is presented to DSU Council

November 24,2015: Board of Operations (BOPS) will review recommendations from council.

December 2,2015 : Revised Budget is to be voted on Council

Budget 2015-16 Revised Budget 2015-16 Percentage ChangeRevenue 3.00$

Students Fee Revenue 1,196,985.15$ 1,196,985.15$ 0%Contract revenue 103,444.64$ 93,040.48$ -10%Food Services Revenue 59,000.00$ 72,548.11$ 23%Investment Income 15,830.00$ 11,609.85$ -27%Services Revenue 328,610.00$ 297,477.96$ -9%Bar services 452,683.00$ 483,657.53$ 7%Sexton operating and programming 72,924.00$ 55,466.53$ -24%DSU Programming revenue 83,850.00$ 68,688.25$ -18%Orientation 213,000.00$ 236,445.60$

TOTAL REVENUE 2,526,326.79$ 2,515,919.46$ -0.41%

ExpenseFull Time wages 562,507.88$ 556,715.87$ -1%Executive wages 185,791.53$ 186,766.00$ 1%Part Time wages 427,592.00$ 431,651.94$ 1%Honoraria 49,480.00$ 44,071.92$ -11%General DSU operations 369,628.35$ 371,977.15$ 1%Food Services 15,425.00$ 28,577.63$ 85%Bar Services 305,352.68$ 332,475.58$ 9%Services 188,623.85$ 173,189.68$ -8%Grants/Sponsorship 61,500.00$ 56,480.54$ -8%Sexton operating and programming 35,307.00$ 32,312.42$ -8%DSU Programming 139,557.00$ 121,093.97$ -13%Orientation 181,300.00$ 177,510.80$ -2%Amortization 22,968.76$ 23,833.27$ 4%

TOTAL EXPENSES 2,545,034.05$ 2,536,656.77$ -0.33%

Net Surplus (Deficit) (18,707.26)$ (20,737.31)$

Goals

Service Revenue

Revenue Expenses Surplus (Deficit)

Budget Revised Budget Budget

Revised Budget 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 0.00 9388.27 0.00 -2723.05

Bar and Food Services

Revenue Expenses Surplus (Deficit)

Budget Revised Budget Budget

Revised Budget Budget

Revised Budget

Food Services 59000.00 72548.11 15425.00 28577.63 43575.00 43970.48Grawood Bar (less COGS) 78419.75 88823.56 121353.68 136767.22 -42933.93 -47943.66Grawood 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 -5572.77Bar 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 Budget

Revised Budget 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 -33000.00

Sexton Programming 16335.00 12525.22 24720.00 19208.57 -8385.00 -6683.35

Other Programming 0.00 0.00 22500.00 18542.58 -22500.00 -18542.58

Summary

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.

THANK YOU