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February 2021 Report of GSS Finances February 2021 Report of GSS Finances

February 2021 Report of GSS Finances - PowerPoint Presentation

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February 2021 Report of GSS Finances - PPT Presentation

UBC Vancouver Accountant General Manager and FEOO Date March 17 2021 Cash and Cash Equivalent at the End of February 2021 Main Accountsincludes Graduate Student Financial Aid Fund and Event Fund ID: 927025

2021 february actuals expense february 2021 expense actuals highlights budget current account year variance favourable unfavourable total expenditure fund

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Slide1

February 2021 Report of GSS Finances

UBC Vancouver

Accountant, General Manager and FEOO

Date: March 17, 2021

Slide2

Cash and Cash Equivalent at the End of

February 2021

$

Main Accounts*(includes Graduate Student Financial Aid Fund and Event Fund)

498,449

Capital Project Improvement Fund (CPIF)332,722Investment Fund (GICs)303,429Debt (Canadian Emergency Business Account)*(30,000)Total1,104,600

* The GSS received $ 40,000 from the Canadian Government.  The GSS is to repay $30, 000 in full satisfaction of the debt in 2021. This row assumes the repayment is made and transaction successfully completed.  

Slide3

February 2021 Overview

Departments

Net Contributions $

February 2021 

Actuals

February 2021 BudgetFebruary 2020 Actuals Current Year Variance: Favourable/ (Unfavourable)10 – Corporate (Revenue and Expense Account)(16,354)

158,539

170,209(174,893)11 – President (Expense Account)

(2,452)

(3,988)

(4,714)1,53612 - VP UAA (Expense Account) (3,168)(5,880)(5,169)2,71213 - VP External (Expense Account) (1,429)(2,549)(2,572)1,12014 - VP Students (Revenue and Expense Account)(444)(7,228)(4,038)6,784Total(23,847)138,894153,716(162,741)

Slide4

 

February 2021 Overview

Slide5

Corporate Report (Dept 10)

Revenue Highlights

Rent received from Koerner’s.

February rent received from Sauder’.

Membership fees not received as at end of February 2021.

Expense Highlights

Mostly in line with budget except expenditure on dues & licences, contracted services, and marketing costs.

February

2021 

Actuals

February2021 BudgetFebruary2020 Actuals Current Year Variance: Favourable/ (Unfavourable)Revenue18,417204,798223,087(186,381)Total Expenditure(34,771)(46,259)(52,878)11,488Net Contribution(16,354)158,539170,209(174,893)

Slide6

VP Students' Report (Dept 14)

Revenue Highlights

Nil,

Expense Highlights

Only expense was event costs of $444.

February

2021 Actuals $

February

2021 Budget $

February 2020

Actuals $Current Year Variance: Favourable/ (Unfavourable)Total RevenueNil2,2852,900(2,285)Total Expenses(444)(9,513)(6,938)9,069Net Contribution(444)(7,228)(4,038)6,784

Slide7

President’s Report (Dept 11)

Expense Highlights

Primary savings due to decreased spending on council and committee expenses,

Higher than budgeted expenses on part-time staff and meetings,

February

2021

Actuals

February

2021

Budget

February 2020Actuals Current Year Variance: Favourable/ (Unfavourable)Total Expenditure(2,452)(3,988)(4,714)1,536

Slide8

VP UAA’s Report (Dept 12)

Expense Highlights

Primary savings due to Nil spent on student emergency fund (budget $2,000);

Only spent category is PT staff costs – projects $3,168 (budget $3,400)

February

2021

Actuals $

February

2021

Budget $February 2020Actuals $Current Year Variance: Favourable/ (Unfavourable)Total Expenses(3,168)(5,880)(5,169)2,712Net Contribution(3,168)(5,880)(5,169)2,712

Slide9

VP External’s Actuals (Dept 13)

Expense Highlights

Savings on part-time staff costs and other budgeted expenses;

Slightly higher than budgeted expenditure on dues and licences.

February

2021

Actuals

February

2021

BudgetFebruary 2020 Actuals Current Year Variance: Favourable/ (Unfavourable)Total Expenditure(1,429)(2,549)(2,572)1,120

Slide10

Suggestions/Questions