1. Student Senate Fall 2016 State of the Finances
Treasurer: Alex stogin

2. Overview
Report looks at current Senate budget and status of the rollover fund
All information up to date as of 9/18/16

3. Fiscal Year 2015-2016 Review Total Revenue: $357,179.70
Exec/Media Budget: $197,630
Total RSO Allocations: $163,944.99
Total Expenses: $288,449.92
RSO Expenses: $131,105.12
Exec/Media Expenses: $157,344.80
Rollover: $102,016.12
Retroactive Cases: 4

4. Current Status of the Budget
Current Account Balance: $351,397.85
Operational Account: $179,174.00
Rollover: $172, (added $70,207.73)
Current Exec/Media Budget: $187,176.00
Two carry over retroactive punishments

5. Outlook for the 2016-17 Fiscal Year
FAB will begin issuing opinions on petitions it approves but views as being potentially financially irresponsible to fund and that the GA should be aware of
RSOs will be required to attend FAB Seminars after every leadership change in an attempt to eliminate rushed petitions and retroactive punishments
An audit system to ensure financial responsibility will be designed and put in place by a target date of December 4th, 2016
Rollover could reach up to $250,000 dollars by fiscal year with proper spending oversight by FAB and the General Assembly