1. AMS 2016-2017 Final Budget Amendments
Prepared by VP Finance, Louis Retief and Managing Director, Keith Hester

2. Final Budget Projected Final Budget Surplus of FY16/17: $85,874
Changes have been made to: Block Party, Student Services, VP AUA, and VP Admin, and Revenue

3. Large Revenue Changes Description 16/17 Budgeted 15/16 Budgeted
Justification
Canadian Student Horizons Group
$21,196 $0
Merit Travel 10 year long Royalty Fee. Clearing Account.

4. Large Expense Variance Changes
Description
16/17 Final Budgeted Amendment
16/17 Final Budget
Change
Justification
VP AUA
$111,733
$11,283
$450
University Affairs Project
VP Admin
$198,
$197302
$1067
Alarm Maintaine Cost Increase, Dell Laptop for SLSC, Outstanding invoices from previous Year

5. Services Wage increase
Tier
Current Wage
Proposed Wage
Coordinators
$12.25
$13.16
Student Services Manager
30 Hours at $15.60
37.5 at $16.70
Assistant Student Services Manager
$13.55
$14.23
Overall increase of $6000

6. Incubator Service
Hiring a coordinator to develop Incubator service will cost $11,605.
This has been approved by HR, Exec Comm and Budget Comm

7. Block Party Options Commons/Court Yard Stadium
Projected Block Party Deficit: $105,241
Projected Attendees: ,000 Students
Ticket Prices:
Early Bird: $33.33
General: $42.86
Final Tier: $57.14
Commons/Court Yard
Projected Block Party Deficit: $62,456
Projected Attendees: Students
Ticket Prices:
Early Bird: $17.14
General: $23.81
Final Tier: $30.48

8. Budget Comm Decision
Stadium Block Party is not feasible within current budget this year.
If we budget for Stadium Block Party Society Deficit = $ 11,762
If we budget for Commons/Courtyard Surplus = $30,910
Budget Comm Approved budget for Block Party to happen in the Commons/Courtyard