Transcript Student association FY 14 BUDGET

Student Association Fiscal
Year 14-15 BUDGET
Ben Pryde, Finance Chair &
Caroline Bourque, Finance Vice-Chair
August 24, 2014
SA Fee: How it Works
Rollover
GW Students:
$1.50-$2.00/credit
hour dependent
on date of
matriculation
University:
$.50/credit hour
Reclamations
Student Association Fee Pool (~$1.1
million)
Initial Allocations(85%)
Co-Sponsorship
Fund(15%)
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
1200000
Budget
Initial Allocation
1000000
800000
600000
400000
200000
0
FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15
Largest Allocations
FY 12-13
Student Bar
Association
FY 13-14
Student Bar
Association
FY14-15
Student Bar
Association
Program Board
Program Board
Program Board
Med Center Student Med Center Student
Club Sports Council
Council
Council
MBA Association
MBA Association
Club Sports Council Club Sports Council
College
Dems/Republicans
College Democrats
Med Center Student
Council
MBA Association
Alternative Breaks
Top 15 Organizations
Top 15
Rest
Top 15
32%
Top 15
Rest
37%
68%
FY 12-13
Rest
40%
63%
FY 13-14
60%
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 1415
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
Criteria
The finance committee shall not
consider:
Parity between similar
organizations
Tier 1
• (A) The number of individuals expected to benefit from the
experience.
• (B) The prestige brought to the University by the student
organization or event.
• (C) The location of the event, with a preference given to
events held on campus.
•
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”.
•
Tier 2
• (A) The revenue the student organization generates or
fundraises for itself, with preference given to organizations
that generate revenue.
• (B) Whatever item to be purchased is a durable good or onetime use, with preference given to durable goods.
• (C) How efficiently the student organization has spent student
body funds allocated to it in accordance with its budget
Tier 3
• (A) Whether the event has been put on previously and to
what success.
• (B) The student organization’s compliance with these Bylaws.
• (C) The history of the student organization, including its prior
general allocations.
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
Fee Increase Schedule
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
$1.50/credit hour to $1.75 credit
hour
$1.75/credit hour to $2.00/credit
hour
$2.00/credit hour to $2.25/credit
hour
$2.25/credit hour to $2.50/credit
hour
$2.50/credit hour to $2.75/credit
hour
$2.75/credit hour to $3.00/credit
hour