DISCLAIMER: Figures in this report are not final. A complete budget will be posted on the AUS website in May SPENDING REPORT: FALL 2013 – WINTER 2014 ARTS.

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Presentation transcript:

DISCLAIMER: Figures in this report are not final. A complete budget will be posted on the AUS website in May SPENDING REPORT: FALL 2013 – WINTER 2014 ARTS UNDERGRADUATE SOCIETY OF MCGILL UNIVERSITY PREPARED BY: SAMUEL HIGGS, AUS VP FINANCE

SUMMARY REVENUE: $403, EXPENSES: $347, PROFIT: $56,295.90

FROSH OF THE LIVING DEAD REVENUE: $161, EXPENSES: $145, PROFIT: $16, ON PAR WITH FROSH PRINCE OF BEL AIR

BAR DES ARTS REVENUE: $24, EXPENSE: $31, LOSS: $7, – 2013: REVENUE: $44, EXPENSES: $49, LOSS: $

ACCOUNTANT FEES AUDIT, FY 2013: $25, BOOKKEEPING: $ – 2013 (TOTAL): $26,914.76

EXEC PERKS SEPTEMBER RETREAT: $ HOODIES: $ WINTER RETREAT: $ TRANSITION DAY: $ FREE BEER AT BDA: PRICELESS TOTAL: $

FOOD AND ALCOHOL SAMOSA SALE REVENUE: $ SAMOSA SALE EXPENSES: $ SAMOSA SALE PROFIT: $ SAMOSAS PURCHASED: ~14,4450 AMOUNT SPENT ON ALCOHOL (NOT INCLUDING FROSH OR BDA): $8, FOOD (NOT INCLUDING SAMOSAS): $15,360.68

CONCLUSION OUR FINANCIAL POSITION IS A DRASTIC IMPROVEMENT FROM TWO YEARS AGO AUDIT EXPENSES WILL DRASTICALLY FALL, HOPEFULLY TO BELOW $10,000 BUDGET LESS CONSERVATIVELY FOR FROSH; TRUST THE PROJECTIONS! FUTURE EXECUTIVES SHOULD NOT BE AFRAID TO RUN A DEFICIT OVERALL A GREAT YEAR FOR THE AUS; THE NUMBERS DO NOT TELL THE WHOLE STORY

THANK YOU FOR YOUR INVOLVEMENT WITH THE AUS GOOD LUCK ON YOUR FINALS HAVE A GREAT SUMMER!