Vice-President Finance Report

Note: This article is hosted here for archival purposes only. It does not necessarily represent the values of the Iron Warrior or Waterloo Engineering Society in the present day.

Hello fellow engineering students. I hope those that were on a work term had a financially profitable one and I would like to welcome 4B A-Soc’s and our new frosh. Well I am here to talk about EngSoc money. I would like to thank those who handed in a budget request form, and I guess by now we should have an approved budget to work from.

My job is to prepare a budget for the term and ensure that we stay on track. Some people ask me where does our $14 EngSoc fee go. Well, we supply many services and activities for members of the Engineering Society everyday. In the Orifice we have old exams, fax services, book binder, and the least expensive photocopiers in city ($0.05 each). Why is the C&D (The Engineering Coffee & Donut Shop) so inexpensive? The price of the food is subsidised and services are provided by the Engineering Society. P.O.E.T.S. is another place where many of you can spend you free time, watch movies, and taped TV shows, and every Thursday and Friday between Noon and 4:00pm, Bar Services are there with a full fridge. The Iron Warrior and Enginewsletter are also under the Engineering Society. Several events throughout the year involving many activities, sports, and events. Some of my favourite subsidised events are The Brunny, B**5, Semi-Formal, SCUNT, and Canada Day well there are just so many to list I only have so many words.

I would like to ask all directors to hand in their expense forms on a regular basis, at least at the end of every month so as not to bombard me with a whole pile at once. If you decide to hand them in all at once, at the end of the term it may take a while to get them out, otherwise expect a timely return. If you are unable to use your own funds up front for an expenditure, please feel free to ask me to forward you in advance.

As for throughout the term I will notify everyone on the status of there current allowable funds at EngSoc meetings. If account levels start to get low I will notify the appropriate directorships accordingly.

Good luck in your studies.

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