Difference between revisions of "VP Finance"

From EUSwiki
Jump to: navigation, search
m (updated date)
 
(38 intermediate revisions by 6 users not shown)
Line 1: Line 1:
 +
{{EmailIcon|1=vpfinance@mcgilleus.ca}}
 
{{Infobox
 
{{Infobox
  
−
| title          = EUS VP Finance
+
| title          = EUS {{PAGENAME}} 2023-2024
−
|  image        = [[Image:Alec.jpg|300px]]
+
|  image        = [[File:VP Finance.jpg|300px]]
  
 
| headerstyle    = background-color:#eee
 
| headerstyle    = background-color:#eee
 
|  label1  = Current:
 
|  label1  = Current:
−
|  data1  = Alec Thomlison
+
|  data1  = {{vpfinance@}}
−
|  label2  = Email:
+
  |  data2 = {{Infobox | subbox = yes
−
|  data2  = [mailto:vpfinance@mcgilleus.ca vpfinance@mcgilleus.ca]
 
−
  |  data4 = {{Infobox | subbox = yes
 
 
     | headerstyle    = background-color:#eee
 
     | headerstyle    = background-color:#eee
 
     | header1 = Office Hours
 
     | header1 = Office Hours
−
     | label2 = Monday:    |  data2=12:00-15:00
+
     | label3 = Summer:
−
  }}
+
     | data3 = Out of town so email me
−
|  data6 = {{Infobox | subbox = yes
+
     | data4= Send me an email to schedule! vpfinance@mcgilleus.ca
−
      | headerstyle    = background-color:#eee
 
−
      | labelstyle  = background-color:#ddd;
 
−
    | header1 = Portfolio
 
−
    | label2 = Corporate Relations
 
−
    | label3 = Finances
 
−
    | label4 = Funds
 
−
    | data2 = [[Corporate Relations Director]]
 
−
     | data3 = [[Finances Director]]
 
−
     | data4 = [[Funds Director]]
 
 
   }}
 
   }}
 
}}
 
}}
  
−
The VP Finance is responsible for overseeing the finances of the EUS core operations. This ranges from managing the $1M+ EUS budget, four funds, corporate relations and sponsorship, as well as fiscal responsibility for the commercial services. The role also directly oversees Open Air Pub, the Best Place on Earth. The VP Finance has a fiscal responsibility to ensure that the EUS maintains a strong financial safety net, and a social responsibility to ensure that the monies collected through various revenue sources are returned in services and events to benefit the entire student body. A person in this role should be an objective, unbiased thinker, good at critically analyzing the cost-to-benefit ratio of budget allocations and sponsorship, with high importance on reliable decision making and execution.
+
The '''''EUS VP Finance''''' is responsible for overseeing the finances of the EUS core operations. This ranges from managing the $1M+ EUS budget, four [[funds]], [[Corporate Relations Director|corporate relations]] and sponsorship, as well as fiscal responsibility for the commercial services. The role also directly oversees [[Open Air Pub]], the Best Place on Earth. The VP Finance has a fiscal responsibility to ensure that the EUS maintains a strong financial safety net, and a social responsibility to ensure that the monies collected through various revenue sources are returned in services and events to benefit the entire student body. A person in this role should be an objective, unbiased thinker, good at critically analyzing the cost-to-benefit ratio of budget allocations and sponsorship, with high importance on reliable decision making and execution.
 +
 
 +
==Duties==
 +
''According to [[Constitution#TITLE II: The Executive Committee|Title II]] of the Constitution''
 +
<br>The Vice-President Finance shall:
 +
#Keep proper financial accounts and records in accordance with the [[Financial Bylaws]] of the EUS;
 +
#Prepare the annual [[Operating budget|budget]] of the EUS in conjunction with the [[Executive Committee]] and submit it to the [[Board of Governors]] before October 15th;
 +
#Manage the [[funds]] of the EUS in conjunction with the Executive Committee;
 +
#Prepare a year-end financial report by May 15th and obtain and update the previous year’s financial report;
 +
#Coordinate relationships with sponsors to support the finances of the EUS.
  
−
==Letter from the VP Finance==
+
==Committees==
−
As Vice-President Finance, VP Finance for short, my primary role is to support the underlining EUS Groups with anything related to finances. This involves every step of processing payments, corporate relations and non-academic funds.<br><br>There are three directors under my portfolio: Finance Director, Corporate Relations Director and Funds Director. Those positions started around 2015 and are now established members of the EUS.
+
{{col-begin}}
 +
{{col-break}}
 +
{{#categorytree:{{PAGENAME}} Groups|hideroot|mode=pages|class=alternating-cattree|style=max-width:400px;margin-right:14px}}
 +
{{col-break}}
 +
===Other Responsibilities===
 +
*Uphold the guidelines of the [[Financial Guidebook|Finances]], including [[Cheque_Requisitions|Cheque Requisitions]], [[Financial Guidebook#Deposits|deposits]], [[Float_Requests|floats]], [[Yapsody|Online Payment Processing]], and more
 +
*Alongside the [[Corporate Relations Director]], seek new partnership opportunities & comply to sponsorship requirements
 +
*Oversee [[Funding_Sources|Funds Allocation]]
 +
{{col-end}}
  
−
If you need advise and direction for any kind of initiatives, my door is always open: I often spend a lot of time in the EUS Office and while I might seem busy, I'm always ready to sit down and discuss. I am looking forward to hear about your amazing projects for the EUS or offer my help for any concern you may have.  
+
==How to Get Involved==
 +
The EUS VP Finance must have a good understanding of the financial structure of the EUS prior to taking on the position. There are several ways to accomplish this, besides FACC 300 of course. One of the best ways to do this is becoming the VP Finance for an EUS club, committee, department, or other group. Oftentimes these positions will have little prerequisites other than a passion and ambition for finances. It will help you gain budgeting skills and also understand the procedures and structure of the EUS.  
  
−
==Changes Over Time==
+
Two other underrated financial roles related to the EUS are the positions of [[Finance Director]] and the [[Funds Director]]. The Finance Director in particular is a fantastic position if you are interested in later becoming the EUS VP Finance. The Finance Director gets extremely comfortable with the budgeting structure and the operational budget of the EUS. The Funds Director gains a specified understanding of the numerous EUS funds which is also extremely helpful for the general understanding of EUS Finances.
−
In the past few years, the position grew exponentially along with the expansion of the EUS. The addition of Clubs and Design Teams in 2011, and the numerous successful years since the start of the decade, have created a large demand of request from the different EUS Groups.  
 
−
==Duties==
 
−
The VP Finance position is one of many tasks and responsibilities. The three sub-portfolios represent the array of challenges faced in terms of time commitment.
 
−
'''[[Financial Guidebook|Finances]]''' (weekly):
 
−
# [[Cheque_Requisitions|Cheque Requisition]]
 
−
# [[Financial Guidebook#Deposits|Deposits]]
 
−
# [[Float_Requests|Floats]]
 
−
# [[Tilt|Online Payment Processing]]<br>
 
−
'''[[Corporate Relations]]''' (on-going):
 
−
# Seek new partnership opportunities
 
−
# Enact on current contracts
 
−
# Comply to sponsorship requirements<br>
 
−
'''[[Funding_Sources|Funds Allocation]]''' (every semester):
 
−
# [[Student Space Fund]]
 
−
# [[Design Team Fund]]
 
−
# [[Clubs Fund]]
 
−
# Departmental Trips Fund
 
−
The VP Finance also has the [[OAP|Open Air Pub]] Committee, also referred as [[OAP]], under them.
 
  
−
==Bylaws and Policies==
+
==Midterm Reports==
−
[[Bylaws]]<br>
+
{{{{PAGENAME}} Midterm Reports}}
−
*[[Clubs Fund Bylaws]]
 
−
*EUS Executive Meeting Bylaws
 
−
*[[Financial Bylaws]]
 
−
*[[Design Team Fund Bylaws]]
 
−
*Student Space Fund Bylaws
 
−
<br>
 
−
[[Policies]]<br>
 
−
*[[Corporate Relations Policy]]
 
−
*[[Credit Card Policy]]
 
−
*[[Departmental Trips Fund Policy]]
 
−
*[[Endowment Fund Policy]]
 
−
*[[Finance Director Policy]]
 
−
*[[Funds Director Policy]]
 
−
*Open Air Pub Committee Policy
 
  
−
[[Category:VPFinanceTracking]]
+
[[Category:Executives]]
 +
[[Category:{{PAGENAME}} Responsibilities]]

Latest revision as of 13:52, 3 September 2023

EUS VP Finance 2023-2024
VP Finance.jpg
Current: Ryan Reszetnik
Office Hours
Summer: Out of town so email me
Send me an email to schedule! vpfinance@mcgilleus.ca

The EUS VP Finance is responsible for overseeing the finances of the EUS core operations. This ranges from managing the $1M+ EUS budget, four funds, corporate relations and sponsorship, as well as fiscal responsibility for the commercial services. The role also directly oversees Open Air Pub, the Best Place on Earth. The VP Finance has a fiscal responsibility to ensure that the EUS maintains a strong financial safety net, and a social responsibility to ensure that the monies collected through various revenue sources are returned in services and events to benefit the entire student body. A person in this role should be an objective, unbiased thinker, good at critically analyzing the cost-to-benefit ratio of budget allocations and sponsorship, with high importance on reliable decision making and execution.

Duties

According to Title II of the Constitution
The Vice-President Finance shall:

  1. Keep proper financial accounts and records in accordance with the Financial Bylaws of the EUS;
  2. Prepare the annual budget of the EUS in conjunction with the Executive Committee and submit it to the Board of Governors before October 15th;
  3. Manage the funds of the EUS in conjunction with the Executive Committee;
  4. Prepare a year-end financial report by May 15th and obtain and update the previous year’s financial report;
  5. Coordinate relationships with sponsors to support the finances of the EUS.

Committees

How to Get Involved

The EUS VP Finance must have a good understanding of the financial structure of the EUS prior to taking on the position. There are several ways to accomplish this, besides FACC 300 of course. One of the best ways to do this is becoming the VP Finance for an EUS club, committee, department, or other group. Oftentimes these positions will have little prerequisites other than a passion and ambition for finances. It will help you gain budgeting skills and also understand the procedures and structure of the EUS.

Two other underrated financial roles related to the EUS are the positions of Finance Director and the Funds Director. The Finance Director in particular is a fantastic position if you are interested in later becoming the EUS VP Finance. The Finance Director gets extremely comfortable with the budgeting structure and the operational budget of the EUS. The Funds Director gains a specified understanding of the numerous EUS funds which is also extremely helpful for the general understanding of EUS Finances.

Midterm Reports

Year Name Link
2022-2023 Saman Gholami To be submitted
2021-2022 Rahul Atmanathan Midterm Report
2020-2021 Rahul Behal Midterm Report
2019-2020 Thomas Hillyer To be submitted
2018-2019 Yiming (Sunny) Sun To be submitted
2017-2018 Alec Thomlison To be submitted
2016-2017 Pentcho Tchomakov Midterm Report
2015-2016 Ian Richardson Midterm Report
2014-2015 David Bailey Midterm Report
2013-2014 Zachery Oman Not Found
2012-2013 Zachary Moreland Midterm Report
2011-2012 Luca KruitWagen Midterm Report
2010-2011 Etienne de Muelenaere Not Found
2009-2010 Hrair (Ray) Tonkian Not Found
2008-2009 John Danby Midterm Report
Retrieved from "https://eus.wiki/index.php?title=VP_Finance&oldid=58563"