[MathSoc Council] Budget Meeting Room = M3 3127

Matthew Kit Wing Cheung m37cheun at uwaterloo.ca
Wed Oct 2 02:35:07 EDT 2013


In regards to Sean's questions:
1) I probably won't be able to get the accurate number for office supplies
for tomorrow. However, I'm not sure if Feds accounting will help us too
much as we purchase office supplies in large numbers and they tend to last
multiple terms so it's difficult to allocate the expenses of each purchase
to specific terms.
2) I can fix those blank lines =)
3) Do you have an approximate amount in mind for the EFC?
4) Could you please elaborate a little more on these "non-budgeted"
5) I have moved both expenses to Academic expenses.
6&7) Thanks for the info, I will adjust their budgets accordingly.


On Wed, Oct 2, 2013 at 12:36 AM, Sean Hunt <scshunt at csclub.uwaterloo.ca>wrote:

> On Tue, Oct 1, 2013 at 9:39 PM, Matthew Kit Wing Cheung <
> matthewkwcheung at gmail.com> wrote:
>> Hello Council,
>> Attached is the MathSoc Budget for the Fall 2013 term that we will be
>> going over during tomorrow's budget meeting.
>> Total Revenue is $66,000
>> Total Expenses is $83,000
>> Net Loss is $17,000
>> Please note that $5,000 of the loss is an amortization expense so our net
>> cash loss is $13,000.
>> Thanks,
>>  Matthew
> Thanks Matthew!
> Questions:
> - Now that Feds is doing our accounting, are we able to get more accurate
> actuals numbers for things like office supplies, to give more accurate
> budgeting?
> - There are generally a bunch of blank lines. The pedant in me wants them
> gone, but I'm not sure if I should listen to him.
> - I'm sure we're going to see some expenses from EFC this term. Even if we
> can't approve them, they should be included in the estimates for budgeting
> purposes.
> - Similarly, there is no estimate for other non-budgeted expenses.
> - On the CSC budget, stickers and brochures don't seem like social
> expenses.
> - The DDC's budget should include a revenue item for the sale of the
> hoodies. They also don't seem like social expenses, but they should be
> exempt from reimbursement since the club expects to recover the cost.
> - The "MathSoc event that PMC organizes" should be removed from the SASMS
> and Over 9000! lines. This is no longer true, in the unlikely event that
> this designation was every anything other than a way for the club to get
> around the budget cap.
> I probably have more comments, I just haven't thought of them yet ;)
> Sean
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