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
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Slide1
February 2021 Report of GSS Finances
UBC Vancouver
Accountant, General Manager and FEOO
Date: March 17, 2021
Slide2Cash 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.
Slide3February 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)
Slide4February 2021 Overview
Slide5Corporate 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)
Slide6VP 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
Slide7President’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
Slide8VP 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
Slide9VP 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
Slide10Suggestions/Questions