Devan C. Tasa, News Editor Ω
For the first time, TRUSU has released its budget online – as well as previous financial statements with information dating back to 2008.
The students union announced it would start posting budgets online at its annual general meeting Jan. 25 after students expressed concerns about its accessibility.
“At the last AGM, the people [there] asked if it had been posted,” said Dustin McIntyre, TRUSU’s president.
He added the delay in posting the budget was because one wasn’t passed yet.
“We had to wait the eight months to pass the budget and it got passed this September,” he said.
The students union didn’t want to post the audits of previous years without the context provided by that budget, McIntyre said.
“We didn’t put any audits up because we wanted to make sure all our ducks were in a row and we had the budget passed so we could put everything up at one time,” he said.
This year, TRUSU is expecting to receive $2.04 million in revenues, 90 per cent of which come from student fees. TRUSU also projects to spend $1.89 million. Last year the union received $1.83 million and spent $1.56 million.
“TRUSU’s in an extremely strong financial position. [That’s] backed by both our budget and our auditor every year,” McIntyre said.
The largest expense on the budget, at $778,000, is the UPASS, which is 39 per cent of all of the students union’s expenses.
The second largest expense, at $290,000, goes to the wages of TRUSU’s staff, which accounts for 15 per cent of the budget.
Seeing a large increase in funds this year are the international, Aboriginal and Women’s equity collectives. Last year, they collectively spent $9,324. This year, the overall combined budget for the three collectives has been increased to $28,000.
That increase ensures the collectives have the resources to properly campaign and hold great events, McIntyre said.
“Two years ago, we had no problem,” he said. “Last year, the collectives really expanded and they did really good work and we found that they went over budget, so this year we made sure that they had the correct amount.”
TRUSU has also budgeted $75,000 for this year back-to-school Kickstart events and $31,500 for this year’s Common Voice lecture. The last lecture featured CBC news anchor Peter Mansbridge.
If you want to view the TRUSU budget or past financial statements, visit: http://trusu.ca/section/271