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2023 Nursing Science Society Predicted Operating Budget
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Completed by: Herbert Song, 2022 Vice President of Operations
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Budgeted Period: 01/01/2023- 12/31/2023
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Updated on: 12/11/2022
# of students:566
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SUMMARY
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Main SummaryPredicted Revenue Subtotals
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Predicted Revenue........................................................................ $ 55,617.80 Student Fees............................................................................................... $ 34,950.50
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Predicted Budget......................................................................... $ 33,813.32 Miscellaneous............................................................................................. $ 20,667.30
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Net Residual............................................................................... $ 21,804.48 Total............................................................................................................ $ 55,617.80
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 SURPLUS
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NOTE: There is a increase in surplus due to a high surplus arising from COVID-19 restrictions in 2020 and 2021 as well as discrepancies in 2020 budget calculations from 2019.
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EXPENSESREVENUE
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Health Training & WorkshopsBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)Revenue Source Amount Fee Breakdown Comments
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Health and Wellness training workshops and wellness related events. Events and resources may include exam de-stressors, mental health training, OSCE workshops, and speaker series.$820.70$1.45566 x $1.45Health and Wellness CommissionerStudent Fees $33,688.3259.52 x 566 (total ancillary fee is 61.75; take 61.75 - 2.23 [financial stability fee] to get 59.52)90% deposited Dec. 2022. Remaining 10% to be deposited summer 2023.
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Financial Stability Fee $1,262.182.23 x 566To ensure that NSS does not run a deficit. 90% deposited Dec. 2022. Remaining 10% to be deposited summer 2023.
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Total $ 34,950.50
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Total $ 820.70
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MiscellaneousAmountFee Breakdown Reason/Comments
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Professional DevelopmentBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)2022 Financial Surplus$20,667.30
Remaining revenue from 2022 Operating Budget.
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Academics and Professional Development Commissioner's portfolio is to provide workshops, skill building, networking opportunities for students to expand their professional skill set and discover career opportunities.$820.70$1.45566 x $1.45Academics and Professional Development Commissioner
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Total $ 820.70 Total $ 20,667.30
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Study Buddies ProgramBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)Total Revenue $ 55,617.80
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Study Buddies is a program where upper year tutors are hired to hold open tutoring sessions in specific courses for nursing students. This program runs both terms and sessions are geared around the timing of midterm and final exams.$633.92$1.12566 x $1.12Academics and Professional Development Commissioner
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Total $ 633.92
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Words of WisdomBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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Words of Wisdom is a speaker series where NSS invites several speakers from various fields to share their Nursing experience and journey to students. This service provides career support for students as they navigate their studies.$67.92$0.12566 x $0.12Events Commissioner
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Total $ 67.92
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NSS Assembly MeetingsBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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Open attendance and informative approaches to bi-weekly assemblies is promoted through space rentals, food, and appreciation to guest speakers. All students are welcome to attend and learn about positions and opportunities.$396.20$0.70566 x $0.70Executive Team
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Total $ 396.20
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NSS AthleticsBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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An annual dodgeball tournament between the three schools in the Faculty of Health Sciences – Nursing, Medicine and Rehabilitation. The event is by donation, and money raised goes to support a local charity in the Kingston community.$566.00$1.00566 x $1.00Interprofessional Commissioner
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Total $ 566.00
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Class CouncilsBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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Class councils run events to increase and strengthen rapport within the year and between different years. The fee allows for events, fundraisers, treats and more to be done to support the class and contribute to graduation fees.$2,643.22$4.67566 x $4.67Class Councils
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Total $ 2,643.22
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CNSA MembershipBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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Membership with access to CNSA scholarships, grants, national and local conferences and opportunities for professional development and networking (1). Organization actively dedicated to positive promotion of nurses and the nursing profession.$5,660.00$10.00566 x $10.00CNSA Official and Associate Delegates
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Total $ 5,660.00
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Graduation FeeBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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For the pinning ceremony, a longstanding tradition for nursing students, which runs in conjunction with convocation. Pinning committee uses the funding for the venue, decorations, graduation gifts and tickets, alongside fundraising.$14,025.48$24.78566 x $24.78Class of 2022 (four-year & AST) Class Councils
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Total $ 14,025.48
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Health and Wellness PortfolioBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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To provide resources to help inform students about health and wellness in relation to nursing, and provide opportunities to practice those skills. Events, such as zumba and yoga, are run throughout the year alongside other initiatives.$820.70$1.45566 x $1.45Health and Wellness Commissioner
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Total $ 820.70
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InternsBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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Allows for the NSS interns to develop or integrate a project, initiative or resource into the nursing community and highlight nursing students. Previous projects included a media project and redesigning the nursing student lounge.$633.92$1.12566 x $1.12Interns
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Total $ 633.92
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Mentorship ProgramBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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The mentorship program is under the Events Commissioner's profile and provides incoming students with an opportunity to be paired with an upper year student or “buddy” throughout the year for social, academic or personal support.$820.70$1.45566 x $1.45Events Commissioner
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Total $ 820.70
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National Nursing Students' Week (NNSW)Budgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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NNSW is an annual, weeklong event to showcase the contributions of nursing students to their practice settings and celebrate their accomplishments in nursing. Throughout the week, giveaways, prizes and events are hosted for students.$316.96$0.56566 x $0.56CNSA Official and Associate Delegates
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Total $ 316.96
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NSS AppreciationBudgeted AmountAmountFee per Student
Calculation (# of students x Fee/Student)
Comments Affilitated NSS Member(s)
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Allows for a token of appreciation to be awarded to NSS assembly members and thank them for their contributions to the society during their term.$566.00$1.00566 x $1.00Executive Team
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Total $ 566.00