Welcome back to campus! And a special welcome to all of the fourth years, you’re so close now I bet you can hardly contain your emotions! My exec report this issue wasn’t hard to come up because we already have our BUDGET for the term! And another ‘!’? And another ‘!’! Thanks to everyone who was at the first Council meeting and helped things run very smoothly during our BUDGET discussions. I have a couple other things to mention as well that I’ll get to in a minute.
This term, our Directors requested $23 168.76, which is almost double what we had to give them. I spent a couple late nights making the necessary cuts to get to three proposals of $18 358.37, $15 545.02, and finally $13 992.09 (Pro Tip: the more detail you put in a budget proposal, the more likely you are to get the fixed costs you require for your directorship and the happier we’ll all be when I’m able to make visible cuts that everyone can agree on. Good work on that this term, guys). After some discussion, Council voted to pass a slightly modified Proposal #3 as our budget for the term. Directors will be receiving $13 896.09, which is projected to put us $3692.63 in the red. This is okay based on the data I collected from the past 4 years that shows during an average Winter term we end up $5000 ahead of where we proposed to be. The budget can be seen on the next page and if you’d like a more detailed breakdown please don’t hesitate to email me at vpfinance.b@engsoc.uwaterloo.ca.
Second, Council accepted the proposed Sponsorship amount of $6500 to be allocated to student groups and teams that qualify for EngSoc sponsorship. Congratulations are also in order to Clarisse Schneider, Eric Lombardi, Brandon Van Haeren, Kal Sobel, Kristina Lee, and AJ Rosewarne, who, along with myself, will form the Sponsorship Committee for this term. If your student group or team is interested in receiving sponsorship from EngSoc, I’ll be providing more details in the next edition of the IW on when the Sponsorship Committee will be meeting and what you are required to submit to us to be considered for sponsorship (it will be similar to previous terms if you’d like to get a head start on it).
Finally, ECIF proposals are always open and we’re looking for new ideas this term to spend the allocated $2375.45 on. ECIF stands for EngSoc Capital Improvement Fund and is intended for capital expenditures (“expenditures creating future benefits”, Wikipedia 2013) that will benefit all of UW’s Engineering students. Past projects that have received ECIF funding include POETS’ blinds, coat hooks for POETS (soon to be installed), new pictures in POETS of old stuff, an EngSoc drum kit, stage lights used in EngPlay, and computers for the soon-to-be-installed LCD advertising screens. If you’d like to submit a proposal please go to http://engsoc.uwaterloo.ca/services/ecif-application and fill out the online form. The ECIF Committee will be meeting later this term to decide what you, as an Engineering student, will get next!
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