MES-Budget-2023-24.xlsx

	B	C	D	E	F	G
1
2	McMaster Engineering Society
3	Chart of Accounts
4	2023-24 School Year		Prepared By: Spring Fu		Contact: vp.finance@macengsociety.ca
5
6	Document	Type	Category	Account	Description	Tax Note
7	Income Statement	Revenue	Revenue	Student Fees	Engineering society portion of student fees
8				ECCS Fees	EECS portion of student fees
9				Academic Resources Fees	Academic resources portion of student fees
10				Wellness Fees	Wellness portion of student fees
11				Welcome Week Levy	SCC fund for Welcome Week activities
12				Tax Refund
13				Advertising Revenue	Revenue from ad buys in the Handbook and Frequency
14				Interest Income
15				Welcome Week Rep Donations	Annual fees paid by Welcome Week Reps (Redsuits)
16				FYEC Delegate Fees	Delegate fees to FYEC
17				Closed Conferences Delegate Fees	Delegate fees to closed conferences
18				Fireball Tickets	Ticket sales for Fireball Formal
19				Iron Ring Formal Tickets	Ticket sales for Iron Ring Formal Formal
20				Social Tickets	Ticket sales for miscellaneous social events
21				Drain Sales	Sales revenue from the Drain
22				Jumpsuit Initiative Recoup	Dummy account for sales from Jumpsuit Initiative
23				General Sponsorship	General sponsorship received by the MES
24				Welcome Week Sponsorship	Sponsorship received for Welcome Week
25				MEC Sponsorship	Sponsorship received for MEC
26				FYEC Sponsorship	Sponsorship received for FYEC
27				Engineering Competition Delegate Sponsorship	Sponsorship received for OEC/CEC delegates
28				Council Swag Fees	Fees paid by MES Council members to partially cover swag expenses
29				Cash Advance Recoup	Dummy account for money received as repayment for a cash advance.
30				Charity Holdings	Money received from fundraising to be donated to external parties
31			Financial & Accounting	Audit	Annual audit of MES finances conducted by an external party
32				Bookkeeper	Fees paid to the MES accounting firm (DLD)
33				Accounting Software	Quickbooks monthly subscription
34				Bank Fees	CIBC fees
35				ECCS	ECCS student fee paid to MES, then transferred to ECCS
36				Operational Contingency
37				Cash Advance	Money made available to provide a cash loan to student organizations, to be repaid.
38				Sponsorship Expenses	Misc. expenses for sponsorship allocation
39				Long Term Investments
40				Special Projects	Fund for student projects, subject to Council approval
41				The Drain	Misc. expenses for the Drain
42				Jumpsuit Initiative	Fund for Jumpsuit Reshaping Iniatitive, will be repaid.
43			Executive Operations	Executive Operations	Exec retreat, interviews, and other operations conducted by the Executive team
44			Executive Operations	Volunteer Fund	Honorariums, any other use needed
45			Academic Services	Academic Resources	Academic help sessions, other misc expenses
46				Tutoring Program	NIMBUS Tutoring platform subsidy
47				Mentorship Program	Mentorship social events
48				Academic Events & Info Sessions	B2S Week academic events, stream selection, town halls, etc.
49				McMaster Engineering Competition	MEC expenses
50				Engineering Competition Delegate Funding	Delegate subsidy for OEC/CEC
51			Communications	Website Fees	Wix annual subscription
52				Advertising	Adobe cloud subscription, IG promos, misc. expenses
53				Frequency	Frequency printing and misc. expenses
54				Plumbline	Plumbline printing and misc. expenses
55				Handbook	Handbook printing and misc. expenses
56			Internal Affairs	Office Supplies	Misc. supplies for the MES office
57				IT/Computer Upkeep	Office computer maintenance, repair, software, etc.
58				Data Collection	Misc. expenses for data survey distribution and analysis
59				SAGM	Semi-Annual General Meeting (mainly pizza if in-person)
60				Public Relations	Online contingency, charity initiatives, misc. student outreach
61				Council Operations	Council bonding and miscellaneous council expenses
62				Transition	Expenses related to Council transition meeting (snacks)
63				Elections	Expenses related to elections - posters, etc, snacks for candidate meet and great, etc.
64				Council Swag	Annual swag subsidy for Council members
65				Awards	Expenses for student/Faculty awards (plaques, gift cards, etc.)
66			External Affairs & Professional Development	CFES Membership	Annual CFES membership fee
67				ESSCO Membership	Annual ESSCO membership fee
68				Closed Conferences & Competitions	Delegate subsidy for closed conferences and competitions
69				Open Conferences & Competitions	Delegate subsidy for open conferences and competitions
70				National Engineering Month	NEM events and misc. expenses
71	Leadership Development			LDC misc. events and expenses
72	Clubs & Teams		Groups Events Fund
73			Baja Racing
74			Brewing Club
75			Chem E Car
76			Competitive Programming
77			Concrete Toboggan
78			DeltaHacks
79			Design League
80			EcoCar
81			Engineering Custom Vehicle Team
82			Engineering Hockey Team
83			Engineering Musical
84			Engineering Rugby
85			Engineers Without Borders
86			EngiQueers
87			Google Developer Student Clubs
88			Heavy Construction Student Chapter
89			IEEE
90			Institute of Transportation Engineers Student Chapter (ITE)
91			MAC Formula Electric
92			MAC RoboMaster
93			Mars Rover Team
94			Mechanical Contractors Association Hamilton
95		McMaster Deep Space Analogue Research Expedition (DARE)
96		MED-T
97		National Society of Black Engineers
98		NAYGN
99		Pumpkin Chucking
100		RoboMaster