Student Association Fiscal Year 14-15 BUDGET Ben Pryde, Finance Chair & Caroline Bourque, Finance...
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Transcript of Student Association Fiscal Year 14-15 BUDGET Ben Pryde, Finance Chair & Caroline Bourque, Finance...
Student Association Fiscal Year 14-15
BUDGET
Student Association Fiscal Year 14-15
BUDGET
Ben Pryde, Finance Chair & Caroline Bourque, Finance Vice-Chair
August 24, 2014
Ben Pryde, Finance Chair & Caroline Bourque, Finance Vice-Chair
August 24, 2014
SA Fee: How it Works
SA FY15 Budget Breakdown
Total Budget FY15: $1,103,371(+12% from FY14)
Spring Allocation Budget: 1,103,371*0.82 = $904,764
Spring Allocation Appeal Budget: 1,103,371*0.03= $33,101
Co-Sponsorship Fund: 1,103,371*0.15 +FY14 rollover= $225,761
Comparison to Previous Years
0
200000
400000
600000
800000
1000000
1200000
FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15
Budget Initial Allocation
Largest Allocations
FY 12-13 FY 13-14 FY14-15
Student Bar Association
Student Bar Association
Student Bar Association
Program Board Program Board Program Board
Med Center Student Council
Med Center Student Council
Club Sports Council
MBA Association MBA AssociationMed Center
Student Council
Club Sports Council
Club Sports Council
MBA Association
College Dems/Republican
s
College Democrats
Alternative Breaks
Top 15 Organizations
68%
32%
Top 15 Rest
63%
37%
Top 15 Rest
FY 12-13 FY 13-14
60%
40%
Top 15 Rest
FY 14-15
Key Measures
Average Allocation FY 14-15: $3,809
Average Allocation in FY 13-14: $3,173
Average Allocation in FY 12-13: $2,979
83 Orgs at $1000+ in FY 13-14, up to 83 in FY 14-15
93 Orgs at $750+ in FY 13-14, up to 108 in FY 14-15
12 Orgs at $1-$100 in FY 13-14, down to 3 in FY 14-15
Umbrella Organizations
The following organizations have been designated as umbrella organizations:
Student Bar Association (G)*
Medical Center Student Council (G)*
GSHED Student Association (G)
MBAA (G)
Club Sports Council (U)
Inter-Fraternity Council/ / The Panhellenic Organization (U)
Multicultural Greek Council (U)
The Engineer’s Council (U)
Jewish Student Association (U)
* Bold denotes the umbrella “opted-in” under Bylaw 303, Section 3 (D)
Internal FY15 SA Budget
Total Internal SA Budget ~2.5% of Overall SA Budget
SA Executive Budget: $27,882
Executive budget mainly covers: Office Assistants, Xerox contract, VPFA and Assistants
SA Legislative Budget: $0
SA Judicial Branch: $0
The finance committee shall not consider:
•Parity between similar organizations
•Student body funds that were unspent by the organization in previous years
Other factors:
•The Student Association has a non-discrimination clause in its bylaws. As such the Finance Committee can and will penalize an organization found to be discriminating against members by the University run “Student Grievances Panel”.
Criteria
Budget Breakdown
Administrative: Office supplies, memberships, athletic officials, non-GW printing, graphics, uniforms (8% of total budget)
Programming: Any spending that advances execution of an individual program. (72% of budget.)
Sub-organization: Money that must be allocated by an umbrella group to their sub-organizations. (20% of budget.)
Line-Item Budgeting
• First year of true line item budgeting
• Intense education for student organizations was performed
• Organizations need continued education in coming year on how to access funds under new system
• Brings Student Association into line with University Standards
• Necessary as SA budget increases over next decade from $1MM to approx. $2MM
Line-Item Transfer Requests
Line-Item Transfer Requests
Graph of Fee Increase
FY 2014$1.50/credit hour to $1.75
credit hour
FY 2015$1.75/credit hour to
$2.00/credit hour
FY 2016$2.00/credit hour to
$2.25/credit hour
FY 2017$2.25/credit hour to
$2.50/credit hour
FY 2018$2.50/credit hour to
$2.75/credit hour
FY 2019$2.75/credit hour to
$3.00/credit hour
Fee Increase Schedule