This budget presentation from Justin Yang, Director of Finance at SUS, focused on trimming unnecessary spending to achieve financial sustainability. The presentation emphasized that budgeting, accountability, and sustainability are important lessons learned. It proposed empowering the internal auditor, optional training, effective communication, and long-term planning to establish a clear vision. It concluded by asking if there were any questions.
Welcome everybody! You’re in for a real treat today because I’m about to give the most exciting presentation of the entire year. That’s right, it’s the famed budget presentation! So sit back, relax and enjoy the show!
…But first, please turn off all mobile devices. Things that beep or vibrate or glow in the dark or anything distracting like that. There will be a pop quiz at the end so pay attention.
Apologies to Cyndi Lauper but right so before launching right into my budget, I want to inform everyone of the facts from last year.
This is the breakdown of last year’s net expenditures. The organizers are taken directly from the budget so if you read it, you’ll know that General Expenditure, for example, includes the $63,000 building loan repayment. Any questions about last year’s budget?
So what have we learned from last year? What can we work on moving forward?
Well Science Graduation is the biggest issue from last year. I’ll give Sumedha a brief moment to talk about last year’s event, explaining what happened.