Student Association Fiscal Year 14-15

BUDGET

Student Association Fiscal Year 14-15

BUDGET

Ben Pryde, Finance Chair & Caroline Bourque, Finance Vice-Chair

August 24, 2014

Ben Pryde, Finance Chair & Caroline Bourque, Finance Vice-Chair

August 24, 2014

SA Fee: How it Works

SA FY15 Budget Breakdown

Total Budget FY15: $1,103,371(+12% from FY14)

Spring Allocation Budget: 1,103,371*0.82 = $904,764

Spring Allocation Appeal Budget: 1,103,371*0.03= $33,101

Co-Sponsorship Fund: 1,103,371*0.15 +FY14 rollover= $225,761

Comparison to Previous Years

0

200000

400000

600000

800000

1000000

1200000

FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15

Budget Initial Allocation

Largest Allocations

FY 12-13 FY 13-14 FY14-15

Student Bar Association

Student Bar Association

Student Bar Association

Program Board Program Board Program Board

Med Center Student Council

Med Center Student Council

Club Sports Council

MBA Association MBA AssociationMed Center

Student Council

Club Sports Council

Club Sports Council

MBA Association

College Dems/Republican

s

College Democrats

Alternative Breaks

Top 15 Organizations

68%

32%

Top 15 Rest

63%

37%

Top 15 Rest

FY 12-13 FY 13-14

60%

40%

Top 15 Rest

FY 14-15

Key Measures

Average Allocation FY 14-15: $3,809

Average Allocation in FY 13-14: $3,173

Average Allocation in FY 12-13: $2,979

83 Orgs at $1000+ in FY 13-14, up to 83 in FY 14-15

93 Orgs at $750+ in FY 13-14, up to 108 in FY 14-15

12 Orgs at $1-$100 in FY 13-14, down to 3 in FY 14-15

Umbrella Organizations

The following organizations have been designated as umbrella organizations:

Student Bar Association (G)*

Medical Center Student Council (G)*

GSHED Student Association (G)

MBAA (G)

Club Sports Council (U)

Inter-Fraternity Council/ / The Panhellenic Organization (U)

Multicultural Greek Council (U)

The Engineer’s Council (U)

Jewish Student Association (U)

* Bold denotes the umbrella “opted-in” under Bylaw 303, Section 3 (D)

Internal FY15 SA Budget

Total Internal SA Budget ~2.5% of Overall SA Budget

SA Executive Budget: $27,882

Executive budget mainly covers: Office Assistants, Xerox contract, VPFA and Assistants

SA Legislative Budget: $0

SA Judicial Branch: $0

The finance committee shall not consider:

•Parity between similar organizations

•Student body funds that were unspent by the organization in previous years

Other factors:

•The Student Association has a non-discrimination clause in its bylaws. As such the Finance Committee can and will penalize an organization found to be discriminating against members by the University run “Student Grievances Panel”.

Criteria

Budget Breakdown

Administrative: Office supplies, memberships, athletic officials, non-GW printing, graphics, uniforms (8% of total budget)

Programming: Any spending that advances execution of an individual program. (72% of budget.)

Sub-organization: Money that must be allocated by an umbrella group to their sub-organizations. (20% of budget.)

Line-Item Budgeting

• First year of true line item budgeting

• Intense education for student organizations was performed

• Organizations need continued education in coming year on how to access funds under new system

• Brings Student Association into line with University Standards

• Necessary as SA budget increases over next decade from $1MM to approx. $2MM

Line-Item Transfer Requests

Line-Item Transfer Requests

Graph of Fee Increase

FY 2014$1.50/credit hour to $1.75

credit hour

FY 2015$1.75/credit hour to

$2.00/credit hour

FY 2016$2.00/credit hour to

$2.25/credit hour

FY 2017$2.25/credit hour to

$2.50/credit hour

FY 2018$2.50/credit hour to

$2.75/credit hour

FY 2019$2.75/credit hour to

$3.00/credit hour

Fee Increase Schedule