Consolidated Budget Presented to the members of the AMS Assembly. Prepared by Ashley Eagan, Vice-President Operations October 27 th, 2011

Presentation Timeline Process Operating Fund Restricted Funds Bottom Line – Overall Consolidated Budget Notes and Moving Forward Service Director Presentations

Process June/July – Strategic Planning July/August – Budgets submitted to Executive and Board of Directors August – Service budgets approved by Board of Directors September – Operating budgets and Restricted Fund budgets finalized October – Consolidated budget approved by Board of Directors; Consolidated budget approved by AMS Assembly

Operating Fund Assembly Budget General Office Other Operations Services

Operating Fund RevenueExpensesNetWeight Assembly $1,783,840$1,778,539$5,30117% General Office and Other Operations $2,541,764$2,605,581$(63,816)25% Services $6,017,506$5,952,877$64,62958% Operating Fund Net $10,343,111$10,336,997$6,114

Operating Fund History YearRevenueExpenseNet $10,343,111$10,336,997$6, $9,745,515$9,546,591$175, $8,549,736$8,442,396$107, $8,758,227$8,625,807$132, $8,408,894$8,506,303$(106,640) $7,838,589$7,970,518$(131,929)

Assembly Budget

General Office Budget

Other Operations Board of Directors Student Life Centre Administration MacGillivray-Brown Hall Communications Office Human Resources Office Marketing Office Information & Technology Office

Board of Directors Budget

Student Life Centre Administration Student Centre Office > Student Life Centre What Changes? Retail Tenant Revenue Locker, Room, and Table Revenue Increase in Salaries

Student Life Centre Budget

Mac-Gillivray Brown Hall Its here to stay!

Mac-Brown Budget

Human Resources Budget

IT Office Budget

Restricted Funds What are they? Advantage Fund Accessibility Fund $3.00 Health & Dental Fund $112.43/$97.15 Student Centre Fund $29.73

Restricted Funds BalanceRevenueExpensesNet Accessibility $102,339$63,70030,000$33,700 Advantage $385,726$155,000$134,000$21,000 Health & Dental $657,361$2,123,000$2,110,000$13,000 Student Centre $3,598,133 $2,763,901$2,861,165$(97,263) Operating Fund Net $5,093,560$5,105,601$5,135,165$(29,563)

Student Centre Fund Changes?

Student Centre Fund Increase of $200,000 operating expense …or other words 33% expense increase

Consolidated Budget RevenuesExpensesNetWeight Assembly $1,730,119$1,724,817$5,30111% Services $6,017,506$5,922,877$64,62940% Other Operations $2,541,764$2,605,580$(63,815)16% Restricted Funds $5,105,601 $5,135,165$(29,563)33% AMS-wide Net $15,448,713$15,472,162$(23,448)

Consolidated Budget Notes to consider… Deficit represents 0.02% of overall budget Amalgamation of SLC into Society structure Long term investment into Mac Brown 97% decrease in Bus-It revenue Transfer of Queens Centre contribution

Moving Forward… Discussions on current and future student fee revenue effects Allocated expenses philosophy review Develop policy surrounding financial controls on staff and volunteer appreciation Continue to breakdown large line items to ensure accountability and eliminate expenses Formalizing budget timeline process in conjunction with the Student Life Centre Council