VP Finance

Abdullah Bakarat - VP Finance
Posted on: November 20, 2016

Hey everyone! As this term is slowly but surely coming to an end, this can only mean one thing. THIS IS MY LAST IW ARTICLE AS YOUR VP FINANCE! The end of a legacy is upon us, but I am proud to be able to call myself your incoming A-Society President. I have full faith in Michael Beauchemin, my successor, to carry the mantel once I am done, but that is yet to come. As for now, here is my final update as VP Finance.

Novelties has introduced a lot of new items this term, and will continue to do so for the foreseeable future. Since we have managed to sell a lot of our current merchandise, that just means that more money is rolling in and allowing us to make new purchases to cater to our students’ needs. We have ordered a new design for the Novelties ceramic mugs, so if you are a mug collector like I am, that is definitely exciting news! More patches, shirts, and swag are on their way as we speak, and I have confidence in Katie Arnold (the B-Society VPOF) and Michael to keep Novelties up-to-date.

Under my term as VP Finance, my Student Deals Directors and I have managed to secure four new deals, with the potential of one or two more before my time is done. One of my platform points was to expand the student deals portfolio, and I would like to think I have succeeded at doing so. As for the expansion of the C&D into Engineering 7, I have been working with Mary Bland, our business manager, on obtaining funding in order to fully furnish the new C&D once E7’s doors are open. While not much funding has been obtained relative to how much we will need, the groundwork has been set and I will hopefully be working with Michael to make sure we are better prepared once E7 is here (even though I won’t be here for the actual opening day #OldMan).

The sponsorship committee met on November 13 and we were able to allocate the total amount of sponsorship funding for the term ($10,825.25). The allocations were ratified by the EngSoc council and all of the student teams have been informed on the status of their funding. ECIF applications closed on November 10, and the decision on the allocations will be made on November 23 at the last Board of Directors Meeting.

Lastly, I just wanted to say that I am absolutely honoured and humbled to have been able to serve you, the Engineering student body, as your VP Finance for the past 16 months, and I look forward to the next 16 months as your EngSoc President!

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