General Assembly Presentation March 26th 2018 - Vice President of Finance Overview
Explore the role and responsibilities of the Vice President of Finance within the General Assembly, including financial stability, budget development, and operational oversight. Learn about finance operations, committees, and key initiatives impacting the organization's financial health.
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Presentation Transcript
General Assembly presentation March 26th 2018 Office of the Vice President, Finance
1. Role and Responsibilities 2. Additional Responsibilities 3. Staff and committees 4. Projects
As pre section 10.15 of the constitution: The Vice President (Finance) shall exercise the following powers and perform the following duties: Ensure the long-term financial stability of the Society Provide the Executive Committee and the Board of Directors with regular reports on the financial status of the Society Develop the annual budget of the Society in a manner not inconsistent with the Policy and priorities set out by the Executive Committee and the Board of Directors Ensure that no individual or group disburses Society funds without authorization Oversee the management of the Society s business operations Manage any Society group insurance plan.
Finance Operations Operating budget creation Accounting and audit Funding allocation and Review Long term financial planning Investments Student fees and referenda Gerts Events Sponsorship Health and Dental plans
Committees Funding committee Fee advisory committee Health and wellness working group Health Insurance working group Scholarships and Student Aid Office (SSAO) Advisory Board Staff Funding commissioner Club auditor Assistant club auditor Accounting technicians
1. Budget and budget report Currently working with legislative council, the board, and executives to review and approve 2018-2019 budget Due to the building closure, the society is expected to run deficits in many departments next year. Once the budget is approved by council and the board it will be made public on the website along with a detailed report.
2. Building at 3501 Peel Street Advised the board on the purchase and purchasing process Budgeted for costs associated to the building in next years budget Working with other executives to find the best use of the space while taking student input into consideration
3. Bringing the check request form online The current check request form creates paperwork and is inefficient for all parties involved By bringing online the check request we hope to increase the speed and efficiency of processing internal payments within the SSMU.
