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Graduate Student Association (GSA)
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Annual Budget for June 1, 2021 to May 31, 2022 Remarks
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INCOME
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AG1003 GSA Internal Account $ 18,569.00 Balance as of July 15, 20218/12/2021
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Fall Fees 2021 $ 397,294.08 Assumed Same as 2020 Fall
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Fees (Winter – projected revenue) $ 39,729.41 Fees to be received from students beginning January 2021 (Estimate) 10% of Fall admissions
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External Account (TD Bank) $ 111,991.28
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Other source of income
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Total Available funds $ 567,583.77
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Not part of Operating Income of GSA
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AG 1023 Health and Insurance Fees $ 10,660.00
$ 370 Health and Dental premium for students with PR and Citizenship. Balance o/s as on Oct 31, 2020
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AG 1082 Advocacy center fees $ 88,991.00
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Advocacy center fees $ 13,112.50
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Total $ 680,347.27
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Annual Budget for June 1, 2021 to May 31, 2022 Remarks 2020-21 FY(until 20 Oct)2019-20 FY(until 20 Oct)2018-19 FY
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Budget
Actual expense
Budget
Actual expense
Budget
Actual expense
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Funding, Allocation and Academic-related projects $ 131,135.00 $ 178,374.20 $ 63,382.94 $ 178,874.20 $ 156,587.13 $ 156,250.00 $ 59,984.00
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Allocations to Departmental and Faculty
 $ 91,135.00 $ 135,874.20 $ 59,552.00 $ 135,874.20 $ 133,747.33 $ 96,250.00 $ 33,979.00
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Academic Projects $ 7,000.00 Projects by students $ 6,500.00 $ 7,000.00 $ 156.10 $ 10,000.00 $ 1,750.00
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Special Projects $ 7,000.00 Non-Academic Projects $ 6,000.00 $ 6,000.00 $ 1,900.00 $ 15,000.00 $ 4,702.00
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Conference subsidies for students $ 8,000.00 $ 25,000.00 $ 1,714.72 $ 25,000.00 $ 19,283.70 $ 20,000.00 $ 18,650.00
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Academic Excellence Award $ 15,000.00
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Extra Curricular Funding $ 3,000.00 For all graduate students who participate in academic projects or events that are related to their field of study. Students in course-based programs are prioritized. $ 5,000.00 $ 2,116.22 $ 5,000.00 $ 1,500.00 $ 15,000.00 $ 903.00
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Salaries, Bursaries & Wages $ 193,208.88 $ 267,837.73 $ 172,710.39 $ 280,862.73 $ 260,089.54 $ 255,367.80 $ 226,859.00
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Executive Bursary $ 68,500.00 $ 69,500.00 $ 57,700.00 $ 69,500.00 $ 78,596.76 $ 68,500.00 $ 53,945.00
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Executive Business-related Expenses $ 500.00
TBD It is ONLY for business related meeting and no more - Not VP External for campaigns
 $ 250.00 $ - $ 275.00 $ 250.00
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Directors Honorarium $ 23,088.00 $ 27,155.00 $ 19,917.39 $ 27,155.00 $ 12,200.00 $ 11,050.00 $ 7,338.00
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CC and MT Honororium $ 2,496.00 $ 1,072.50 $ 1,240.00 $ 1,072.50 $ 1,500.00 $ 975.00 $ 1,075.00
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Staff Salary $ 86,774.88
Not inclusive of Overtime for collective agreement negotiotains, 15% Provision Quebec law
 $ 157,100.23 $ 93,853.00 $ 157,100.23 $ 152,272.44 $ 144,332.80 $ 129,997.00
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French Classes expenses $ 10,000.00 $ 10,000.00 $ 23,000.00 $ 13,513.23 $ 27,500.00 $ 32,971.00
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Staff Insurance $ 1,850.00 370 for each staff (5 staff members) $ 2,760.00 $ 2,760.00 $ 2,007.11 $ 2,760.00 $ 1,533.00
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Events $ 100,000.00 $ 100,450.00 $ 220,644.96 $ 100,450.00 $ 64,279.42 $ 85,500.00 $ 66,114.00
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Fall Orientation $ 30,000.00 $ 29,700.00 $ 29,700.00 $ 29,700.00 $ 29,851.67 $ 27,000.00 $ 24,371.00
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Winter Orientation $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 10,898.66 $ 13,000.00 $ 10,615.00
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Academic events $ 10,000.00 $ 13,750.00 $ 133,019.30 $ 13,750.00 $ 100.00 $ 12,500.00 $ 1,661.00
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Social events $ 12,000.00 $ 22,000.00 $ 22,000.00 $ 22,000.00 $ 8,598.05 $ 20,000.00 $ 18,550.00
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General Assembly $ 3,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 28.74 $ 5,000.00 $ 911.00
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Election $ 30,000.00 $ 15,000.00 $ 15,925.66 $ 15,000.00 $ 14,802.30 $ 8,000.00 $ 10,007.00
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Meeting expenses $ 3,500.00 $ 5,500.00 $ 3,000.90 $ 5,500.00 $ 3,857.43 $ 4,000.00 $ 1,746.00
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Council meeting $ 2,000.00 $ 3,250.00 $ 2,230.26 $ 3,250.00 $ 2,831.36 $ 2,500.00 $ 1,037.00
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Committee meeting $ 500.00 No need for anyting to be served. 500 CAD just in case $ 750.00 $ 112.76 $ 750.00 $ 304.81 $ 500.00 $ 215.00
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Executive/Staff meeting $ 500.00 No need for anyting to be served. 500 CAD just in case $ 750.00 $ 262.74 $ 750.00 $ 672.69 $ 500.00 $ 277.00
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Other meetings $ 500.00 No need for anyting to be served. 500 CAD just in case $ 750.00 $ 395.14 $ 750.00 $ 48.57 $ 500.00 $ 216.00
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Administrative expenses $ 28,000.00 $ 17,650.00 $ 5,705.12 $ 27,350.00 $ 9,795.64 $ 17,950.00 $ 8,348.00
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Furniture & Equipments $ 10,000.00 $ 5,000.00 $ 10,000.00 $ 2,000.00 $ 600.00
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Office Supplies, Stationery & Printing $ 2,000.00 $ 2,000.00 $ 6,600.00 $ 952.67 $ 6,000.00 $ 947.00
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Overheads $ 7,000.00 $ 5,000.00 $ 642.66 $ 5,000.00 $ 5,537.47 $ 5,000.00 $ 4,557.00
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Repairs & Maintenance $ 3,000.00 $ 1,000.00 $ 1,354.37 $ 1,000.00 $ 1,500.00
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Insurance $ 1,500.00 $ 1,500.00 $ 870.84 $ 1,500.00 $ 395.22 $ 1,700.00 $ 1,671.00
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Bank charges $ 2,500.00 $ 2,000.00 $ 2,837.25 $ 2,000.00 $ 1,891.25 $ 1,000.00 $ 512.00
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Council Training $ 500.00 $ 1,000.00 $ 1,000.00 $ 1,001.53 $ 500.00 $ 62.00
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Miscellaneous $ 1,500.00 $ 150.00 $ 250.00 $ 17.50 $ 250.00
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Legal, professional & audit fees $ 20,000.00 $ 28,500.00 $ 3,058.50 $ 35,500.00 $ 7,587.96 $ 28,700.00 $ 27,386.00
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Legal & Professional fees $ 10,000.00 $ 25,500.00 $ 3,058.50 $ 25,500.00 $ 7,587.96 $ 25,500.00 $ 23,937.00
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Audit fees $ 10,000.00 $ 3,000.00 $ 10,000.00 $ 3,200.00 $ 3,449.00
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Campaigns & Mobilizations $ 52,000.00 $ 3,000.00 $ 7,000.00 $ 207.00 $ 7,000.00 $ 207.00
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Subsidy Program $ 50,000.00 TBD $ 4,000.00 $ 190.00
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Travels $ 1,000.00 TBD $ 500.00 $ 2,500.00 $ 190.00 $ 1,000.00 $ 17.00
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Supplies & promotion materials $ 1,000.00 TBD $ 2,500.00 $ 2,379.84 $ 4,500.00 $ 17.00 $ 2,000.00
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Summer Rollover $ 25,000.00 Round figure $ 601,311.93 $ 470,882.65 $ 47,000.00 $ 47,000.00
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TOTAL EXPENDITURES $ 552,843.88
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Surplus (Deficit) $ 14,739.89 $ 130,429.28 $ 682,536.93 $ 502,404.12 $ 601,767.80 $ 390,644.00
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