Hello Friends,
I would first like to start my report with an apology for my last VPF report. I did not intend to be insulting or misrepresentative, but simply aspired to entertain in the absence of concrete news to report. I was in error, and have learnt from this, and now, I definitely have news to report to you, lovely readers.
The first piece of news is not good. Some of you might know that EngSoc had a White Water Rafting trip organized two weekends ago. What some of you might not have known is that EngSoc had to purchase these tickets several months in advance (early winter term). These tickets were, unfortunately, not all sold, due to several circumstances, some of which in our control, some not. As a result, we lost just under $4000. This was a very unfortunate situation, and I am currently working on an addition to the Policy Manual to help prevent or reduce losses such as these in the future. As for where this loss will be absorbed: a very sizeable amount from several exec discretionary funds will go to cover this. I would also like to thank the directors who have decided to cut their spending to leave money available for this. I would, however, like to stress that I am not, in any way, asking directors to do this. I do not wish other events to suffer because of this mistake.
In other news, the donation proposals were presented 2 weeks ago at meeting 4. This term, we had $4000 to give out, and $20920 requested. As you probably have gathered, making the decisions as to who gets what was extremely difficult, but through the patience and collective wisdom of council, I believe we arrived at the optimal distribution of funds (See table for the approved funding allocation). If you are a part of one of these groups, your cheques should be ready for pick-up this week.
Thank you all for your attention and Sayonara,
Mina
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