1. McMaster Students Union 2013 – 2014 Annual Budget

2. Presentation Contents Assumptions and Guidelines Gross Revenue/Expenses Budget Schedule – MSU Inc. Important Changes Fees Final Remarks

3. 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

4. MSU Inc. Revenues, Expenses and Net Income.

5. Organizational Snapshot Operating Fund Capital fund MUSC Fund CFMU Fund Health Insurance Dental Fund 2013 Total 2012 Comparative ASSETS 2,608,699 617,872 101,484 1,130,950 194,735(44,105) 4,609,635 439,694 REVENUES/ EXPENDITURES (185,558) 150,0000(71,850) 54,744 88,930 36,266 215,941 EQUITY 2,423,141 767,871 101,484 1,059,100 249,479 44,824 4,645,901 4,609,635

6. Schedules: MSU Inc. PROPOSED 2013-14 BUDGET All: Dept. 0101 - Administration - All (1,784,225.00) Balance Sheet Items - ***- Business Units - All (17,728.00) Zero Cost Centres - All 23,617.00 Committees & Services - All 1,098,503.00 Service Operations - All 717,370.00 CFMU 93.3 Inc. - All 71,850.00 Marmor Fund - All (1,979.00) Health Plan Fund - All (54,744.00) Student Dental Plan - All (88,930.00) Dept. 0701 - University Centre Building Fund - All 0.00 ---------------------- Total All (36,266.00) ---------------------- 2012-13 Budget (1,729,877.00) - (11,968.00) 37,780.00 1,040,790.50 599,511.50 (56,900.00) (10,448.00) (32,155.00) (52,675.00) 0.00 ------------------ (215,941.00) ------------------

7. Projected Business Revenue

8. TwelvEighty Margins

9. TwelvEighty Net Cost

10. Capital Purchases – Union Market

11. 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

12. 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

13. Important Notes Funding to faculties will be disbursed from 6602-0101 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

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

15. Student Fee Breakdown

16. Administration Fee Revenue

17. Administration Expenses

18. Executive Expenses* *Excludes General Manager

19. 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

20. Questions? 2013 – 2014 Annual Budget