1. 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

2. SUMMARY REVENUE: $403,555.05 EXPENSES: $347,259.15 PROFIT: $56,295.90

3. FROSH OF THE LIVING DEAD REVENUE: $161,170.84 EXPENSES: $145,083.51 PROFIT: $16,087.33 ON PAR WITH FROSH PRINCE OF BEL AIR

4. BAR DES ARTS REVENUE: $24,250.00 EXPENSE: $31,383.76 LOSS: $7,133.76 2012 – 2013: REVENUE: $44,281.99 EXPENSES: $49,270.34 LOSS: $4988.35

5. ACCOUNTANT FEES AUDIT, FY 2013: $25,007.07 BOOKKEEPING: $5879.72 2012 – 2013 (TOTAL): $26,914.76

6. EXEC PERKS SEPTEMBER RETREAT: $834.83 HOODIES: $432.31 WINTER RETREAT: $145.10 TRANSITION DAY: $210.50 FREE BEER AT BDA: PRICELESS TOTAL: $1622.74

7. FOOD AND ALCOHOL SAMOSA SALE REVENUE: $9408.50 SAMOSA SALE EXPENSES: $5095.73 SAMOSA SALE PROFIT: $4312.77 SAMOSAS PURCHASED: ~14,4450 AMOUNT SPENT ON ALCOHOL (NOT INCLUDING FROSH OR BDA): $8,714.43 FOOD (NOT INCLUDING SAMOSAS): $15,360.68

8. 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

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