Difference between revisions of "EUS Operating Budget"

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A '''''budget''''' is a plan of expenditures and revenues for the year. It is not a request for [[funding]] – it is a forecast of where money is coming from and where it is leaving. A budget should be as accurate as possible, and should be binding (unless something unexpected comes up – in that case you must get the appropriate approvals to deviate from the budget). '''There should be some flexibility built into budgets to avoid overspending.''' Note the difference between a [[budget]], [[Internal record]]s, and the [[EUS record]]s.
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The '''''EUS Operating Budget''''' is the EUS' main [[budget]]. However, it does not includes the fees that are charged separately to students such as [[EUSF]], [[SSF]], [[DTF]] and the EWB Fee.  
 
 
The '''''EUS Operating Budget''''' is the EUS' main budget. However, it does not includes the fees that are charged separately to students such as [[EUSF]], [[SSF]], [[DTF]] and the EWB Fee. The previous and current budgets can be accesses with the link below.
 
 
 
<center><span style="font-size: 2.5em;">[http://budget.mcgilleus.ca EUS Budgets]</span></center>
 
  
 
==Creation and Approval==
 
==Creation and Approval==
 
The creation and approval of the operating budget takes place during the summer of each fiscal year. First, the different EUS Committees write their own budgets. Then, the [[VP Finance]] and the [[Finance Director]] collect the different budgets and produce an operating budget proposal. Finally, they present it to the [[Board of Governors]] who reviews it and can amend it and ultimately approves it to make it official. The board's budget review meeting is generally open to EUS general members.
 
The creation and approval of the operating budget takes place during the summer of each fiscal year. First, the different EUS Committees write their own budgets. Then, the [[VP Finance]] and the [[Finance Director]] collect the different budgets and produce an operating budget proposal. Finally, they present it to the [[Board of Governors]] who reviews it and can amend it and ultimately approves it to make it official. The board's budget review meeting is generally open to EUS general members.
 
==Pre-BoG Era==
 
Before the existence of the Board of Governors, the EUS operating budget was reviewed by a budget review committee and then presented to [[Council]].
 
 
[[Category:VP Finance Responsibilities]]
 
[[Category:VP Finance Responsibilities]]

Latest revision as of 03:46, 16 September 2018

This article is a stub. Please consider expanding it.

The EUS Operating Budget is the EUS' main budget. However, it does not includes the fees that are charged separately to students such as EUSF, SSF, DTF and the EWB Fee.

Creation and Approval

The creation and approval of the operating budget takes place during the summer of each fiscal year. First, the different EUS Committees write their own budgets. Then, the VP Finance and the Finance Director collect the different budgets and produce an operating budget proposal. Finally, they present it to the Board of Governors who reviews it and can amend it and ultimately approves it to make it official. The board's budget review meeting is generally open to EUS general members.