The McGill Tribune Vol. 30 Issue 13

Page 1

HIKING THE HIGH HIMALAYAS, PAGE 9

FENCERS FIGHT FRENCH FOES WITH FOILS, PAGE 17

Published by the Tribune Publication Society Volume No. 30 Issue No. 13

AUS attacks its debts

M for Montreal rocks Metropolis

Marshall Plan is a blueprint for recovery By Tori Crawford Editor-in-Chief

In the face of numerous unan­ ticipated financial difficulties that have come to light this semester, the Arts Undergraduate Society’s Executive unveiled their Financial Recovery Plan to the AUS Council last Wednesday. “Like the real Marshall Plan, this isn't just us throwing foreign aid at something,” he said. “It's a plan to allow all parties to recover them­ selves.” In addition to the deficit of ap­ proximately $30,000 incurred by Frosh, the AUS owes $18,000 to both the federal and provincial gov­ ernments in back taxes, as well as $83,000 to the Faculty of Arts due to the organization's failure to pay their share of the Arts Student Employ­ ment Fund. The Marshall Plan, which is based around the four tenets of ac­ countability, automation, solvency, and growth and partnership, is de­ signed to address the AUS's current financial challenges and to ensure that similar issues do not occur in the future. The first step in this process, Marshall said, was re-evaluating the organization's business partnerships both within and outside of McGill. The assessment resulted in the dis­ missal of the AUS's former accoun­ tant and the hiring of RSM Richter, a professional accounting firm, to

An enthused member o f Misteur Valaire shows offhis best bass face. (Alice Walker / McGill Tribune)

manage the society’s books. “One of the main advantages that attracted us to RSM Richter was the fact that they were able to provide us not only with an audit service, but with an entire team, a team that includes a tax attorney, legal advisors, and an accounting service,” said Majd al-Khaldi, AUS VP finance. Thanks in part to RSM Rich­ ter’s negotiations, the AUS's federal tax debt is now settled. While Mar­ shall is still in negotiations with the provincial government, he said he is hopeful that situation will soon be remedied as well. “We're now reaching out and trying to get help, because we've realized that the traditional perspec­ tive o f ... some student leaders ... to kind of take on challenges and ... re­ fuse to ask questions, has been dam­ aging for the AUS,” Marshall said. In addition to revisiting the AUS's accounting structure, al-Khaldi and Marshall have been working with the group's banking institution, the Royal Bank of Canada, to revisit the AUS’s investments. According to al-Khaldi, this is long overdue. “The AUS has had investments in the past, and since the financial crisis I would hazard to guess that they weren't revised properly,” he said. “In that sense, we haven't been using our money to its fullest poten­ tial.” See “AUS” on page 5

Carleton University battles its student unions over fees Undergraduate and Graduate Student Associations allege that university owes them millions By Maria Flores_________________ News Editor

Carleton University’s Under­ graduate and Graduate Student As­ sociations have had their funding cut off by the administration since November 1. Both student unions refused to sign a new agreement with the university’s administration

and board of governors, and as a re­ sult the administration has refused to give the CUSA and GSA their stu­ dent fees. • Over a year ago, Carleton’s au­ ditors recommended the provision of audited financial statements by CUSA and GSA to demonstrate that the $7 million distributed yearly to the two student unions are in fact dis­

tributed for the purposes for which it was collected. Both student unions refused the proposal and have been negotiating since. Jason MacDonald, Carleton’s communications director, said that the financial audits are required to fill a transparency and accountability gap that currently exists, but stressed that the administration has no inter­

est in dictating how the money gets used. “[CUSA and GSA] resisted, be­ cause they say they are independent and we acknowledge that,” Mac­ Donald said. “We just want to know that [the funds] that are being col­ lected are actually dispersed to their determined purposes, but it’s up to them to decide which student groups

get how much money.” According to the student unions, however, the agreement contains provisions and assurances above and beyond what the auditors originally called for. The student unions are concerned that this could give the administration far-reaching powers, such as the ability to refuse to collect See “U N IO N S ” on page 4

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