Hello Engineering Students! A new issue of the Iron Warrior means new updates on all things money related from Abdullah-Dolla-Bills! Let`s get this show on the road:
Sponsorship
Every term, EngSoc has a certain amount allocated in the budget towards sponsoring student groups and design teams that have an impact or benefit Engineering students at the University of Waterloo. The Sponsorship Committee met this past Sunday, March 6th, and successfully allocated this terms funding amount towards helping the groups who came out and presented for us. These allocations will be brought forward at the final EngSoc council meeting of the term for ratification, and from there the student teams will be informed of all the decisions that were made. As always, EngSoc strives to provide the best services to as many members of the Engineering student body as possible, and this is no exception!
Student Deals
Our fantastic student deals director, Eric Shi, has managed to secure us a brand new student deal! This new deal will be with a new restaurant in the UW Plaza, Baba Chicken! The deal involves getting a free milk tea with the purchase of any combo (1, 2, or 3) at regular price, and there will also be a 5% discount provided when paying by cash! There is so much potential for this deals program and I am glad that we are able to allow it to expand!
ECIF
The Engineering Capital Improvements Fund (ECIF) used to support lasting capital improvements to student space and services in the Engineering Society. Each term, a certain percentage of the budget is allocated towards this fund (15% in the Fall, 5% in the Winter and Spring). Proposals are now open! If you would like to see any new capital improvements in any of the Engineering facilities, please apply online at https://www.engsoc.uwaterloo.ca/ecif-form/. Deadline for applications is Friday March 18th, 2016 at 11:59pm. The Board of Directors will be making the decision on the allocations on March 21st, in order for the allocations to be ratified at the final EngSoc council meeting of the term.
Square
Earlier this term, it was determined that we were going to implement Square in the CnD in order to allow for credit card purchases to be made. However, after trialing it during Reading Week, it was determined that Square would not be suitable for the CnD for numerous reasons, the biggest being that it does not allow for purchases under $1 on credit, and there are some taxing conditions on the items in the CnD that could potentially complicate the amount we claim on HST at the end of the fiscal year. As a result, we are currently researching and pursuing a new cash register for the CnD that would allow for debit purchases to be made. More updates will be brought forward as more research is done on the cash register!
Other than that, this term’s budget seems to be going according to plan and we should end things on a good note! That is all for now, but do come visit me in the orifice during my office hours (Wednesdays 12:30pm – 2:30pm), or shoot me an message at vpfinance.a@engsoc.uwaterloo.ca if you have any questions, comments, or concerns about anything under my portfolio, EngSoc as a whole, or if you just want to chat!
Leave a Reply