Newsletter
MSUMcMASTER.CA/clubs
A Message FromYour MSU Vice President (Finance)
Hi MSU Clubs, I hope you all are having a great start to the 2015/16 academic year. My name is Daniel D’Angela and I am the MSU’s Vice President (Finance). This past year the MSU has invested significantly into the clubs department. We budget over $106,000 for clubs to spend this year, and introduced MSU Bucks to help with those internal MSU costs. We did this as an organization to better support your respective clubs because the MSU understands and realizes the tremendous impact you have on this campus. Without clubs, thousands of students wouldn’t have the opportunity to get involved, and make McMaster and our greater communities even better. Please let me know if you ever have any questions, comments or concerns.
October 2015
Budgets The MSU Clubs Department continues to be one of the best funded student club systems in the country. Every year the MSU allocates a significant amount of money to the MSU Clubs Department to help enhance student life on campus and in the community. All clubs were required to send in a completed budget to the Clubs Administrator with estimates of costs and revenues for their operations for the year. These budget templates are then reviewed by the Clubs Administrator and the MSU’ VP Finance. After 8 hours
of budget meetings and discussions, the budgets for clubs for the 2015/16 academic year have been allocated. We are excited to announce that this year approximately 50% of our clubs were allocated more than the average amount ($300). Additionally, 65% of clubs got more money than they did last year which shows the Department’s commitment to providing clubs with more support and resources for their operations. Each club will be contacted privately after the Fall Break and be made aware of their allocation for the 2015/16 year.
Claiming Money As per usual, clubs can claim money from their allocations by submitting reimbursement forms with valid receipts to the Clubs Administrator. These reimbursements forms can be found on the MSU finances page. Reimbursement approvals are made at the discretion of the Clubs Administrator - any purchases that don’t benefit the entire club or the general student body will not be approved for reimbursement. NEW THIS YEAR: Reimbursement forms must be
submitted each semester this year. If a club needs to be reimbursed for anything in Term 1 (Sept - Dec) all reimbursement forms must be submitted by December 16th; Term 2 (Jan - April) by April 15th. After a club has been approved for reimbursements, a cheque will then be available to the club in the following 2 weeks. All cheques are made in the club’s name and not to personal accounts.
Thanks, Daniel D’Angela MSU Vice President (Finance) vpfinance@msu.mcmaster.ca
Deadlines & Reminders
• Clubs must submit claim forms for reimbursement each semester this academic year • Underground Charge Account must be created before credit at Underground can be used
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