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 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

MSU Inc. Revenues, Expenses and Net Income.

Organizational Snapshot Operating Fund Capital fund MUSC Fund CFMU Fund Health Insurance Dental Fund 2013 Total 2012 Comparative ASSETS 2,608, , ,484 1,130, ,735(44,105) 4,609, ,694 REVENUES/ EXPENDITURES (185,558) 150,0000(71,850) 54,744 88,930 36, ,941 EQUITY 2,423, , ,484 1,059, ,479 44,824 4,645,901 4,609,635

Schedules: MSU Inc. PROPOSED BUDGET All: Dept Administration - All (1,784,225.00) Balance Sheet Items - ***- Business Units - All (17,728.00) Zero Cost Centres - All 23, Committees & Services - All 1,098, Service Operations - All 717, CFMU 93.3 Inc. - All 71, Marmor Fund - All (1,979.00) Health Plan Fund - All (54,744.00) Student Dental Plan - All (88,930.00) Dept University Centre Building Fund - All Total All (36,266.00) Budget (1,729,877.00) - (11,968.00) 37, ,040, , (56,900.00) (10,448.00) (32,155.00) (52,675.00) (215,941.00)

Projected Business Revenue

TwelvEighty Margins

TwelvEighty Net Cost

Capital Purchases – Union Market

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

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

Important Notes Funding to faculties will be disbursed from 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

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

Student Fee Breakdown

Administration Fee Revenue

Administration Expenses

Executive Expenses* *Excludes General Manager

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

Questions? 2013 – 2014 Annual Budget