Undergraduate Finance Association Budget
FY2011 (July 1, 2010 - June 30, 2011)
UFA's goals include providing knowledge of finance for all those interested in learning about financial markets, developing and maintaining a network of alumni and friends in finance and on Wall Street who can share their experiences with students back at Carnegie Mellon, creating simulations and case competitions that allow students to simulate actual events from the finance world, hosting information sessions and speaking engagements relating to the finance industry, and organizing a variety of other campus events relating to our mission.
JFC Rep:
Summary
| Requested | |
|---|---|
| Expenditures | $6,275.00 |
| Capital | $0.00 |
| Revenue | ($2,340.00) |
| Final | $3,935.00 |
| Recommended | |
|---|---|
| Expenditures | $4,125.00 |
| Capital | $0.00 |
| Revenue | ($2,980.00) |
| Final | $1,145.00 |
| Final | |
|---|---|
| Expenditures | $4,125.00 |
| Capital | $0.00 |
| Revenue | ($2,980.00) |
| Debt | ($0.00) |
| Rollover | ($0.00) |
| Total Subsidy | $1,145.00 |
| FY11 Starting Balance | $1,145.00 |
Revenue
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Membership and Dues (-) | $140.00 | $280.00 | $280.00 |
Estimate of dues income - dues are $5 per member per academic year, this figure based on past numbers of students paying dues. increase to $5 per semester to offset social event costs |
| Donations/Contributions (-) | $400.00 | $400.00 | $400.00 |
Misc. funding from Tepper for event refreshments, etc. |
| Donations/Contributions (-) | $1,500.00 | $1,500.00 | $1,500.00 |
Funding from Tepper specifically for Network Manhattan networking event in summer - this funding cannot be redirected toward any of the other line items contained in our budget that we are requesting |
| Donations/Contributions (-) | $300.00 | $300.00 | $300.00 |
Case competition sponsorship - past sponsors included PNC and BAML. Sponsors fund JFC -unallowable items likeprizes for contestants. Normally hold one case competition per semester. |
| Other Sales (-) | $0.00 | $500.00 | $500.00 |
General fundraising |
| Sub-Total | -$2,340.00 | -$2,980.00 | -$2,980.00 |
Case Competitions
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Advertising Public Relations (+) | $200.00 | $100.00 | $100.00 |
This funding will be used for advertising our two case competitions on campus (inc. flyers, posters, etc.) use CMUPortal |
| Refreshments (+) | $500.00 | $300.00 | $300.00 |
This funding will be used for food and drinks for our case competitions. It will pay for lunch and dinner for judges/sponsors and participants for two daylong events. |
| Periodicals (+) | $150.00 | $150.00 | $150.00 |
This funding will be used to purchase cases from the Harvard Business Review. |
| Office Supplies (+) | $100.00 | $100.00 | $100.00 |
Misc. supplies - folders/binders, pens/pencils, nametags, markers, etc. for all contestants |
| Sub-Total | $950.00 | $650.00 | $650.00 |
Professor Dinners
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Meals Domestic (+) | $500.00 | $250.00 | $250.00 |
This funding will be used to subsidize the cost of dinner outings with professors for students, as well as to cover the cost of the professor's meal. Past dinners have been held approximately twice p once per semester |
| Advertising Public Relations (+) | $50.00 | $0.00 | $0.00 |
This funding will be used on print advertising for the professor dinner events. use print quota or advertise on CMUPortal |
| Sub-Total | $550.00 | $250.00 | $250.00 |
Wall Street Intern Panel
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Refreshments (+) | $100.00 | $100.00 | $100.00 |
This event is a Q&A/discussion between students who have worked on Wall Streets and club members interested in finance - refreshments should cover food and drinks for approximately 20. |
| Advertising Public Relations (+) | $50.00 | $25.00 | $25.00 |
This funding will cover print advertising for the event. |
| Other Supplies (+) | $25.00 | $25.00 | $25.00 |
Nametags, water bottles for speakers |
| Sub-Total | $175.00 | $150.00 | $150.00 |
Alumni Panel
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Refreshments (+) | $100.00 | $100.00 | $100.00 |
This funding will be used to cover food and drinks for a group of alumni speakers plus an audience of approximately 30 students. |
| Advertising Public Relations (+) | $50.00 | $25.00 | $25.00 |
This funding will be used on print advertising for the event. |
| Other Supplies (+) | $25.00 | $25.00 | $25.00 |
Nametags, water bottles for speakers |
| Sub-Total | $175.00 | $150.00 | $150.00 |
Guest Speaker Events
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Refreshments (+) | $400.00 | $400.00 | $400.00 |
This funding should cover up to 6 guest speaker events in the academic year, with attendance of approximately 30 students per event. |
| Advertising Public Relations (+) | $150.00 | $150.00 | $150.00 |
This funding will cover print advertising for our guest speaker events. |
| Other Supplies (+) | $50.00 | $50.00 | $50.00 |
Nametags, water bottles for speakers, signin sheets, pens/pencils |
| Sub-Total | $600.00 | $600.00 | $600.00 |
General Body Meetings
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Refreshments (+) | $200.00 | $200.00 | $200.00 |
We hold one GBM per semester, and this should cover food and drink for an audience of 40+ students per meeting. |
| Advertising Public Relations (+) | $100.00 | $100.00 | $100.00 |
This will cover print advertising for the GBMs. |
| Office Supplies (+) | $25.00 | $25.00 | $25.00 |
Signups sheets, nametags, pens/markers |
| Sub-Total | $325.00 | $325.00 | $325.00 |
Network Manhattan
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Rental-Facilities (+) | $3,000.00 | $1,500.00 | $1,500.00 |
This funding will be used for the venue in NY for our annual summer networking event for students interested in finance. This event is open to all Carnegie Mellon students, free of charge, as well as the JFC will not subsidize this event, must be paid for out of revenue |
| Sub-Total | $3,000.00 | $1,500.00 | $1,500.00 |
UFA On-Campus Social Networking Events
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Refreshments (+) | $300.00 | $300.00 | $300.00 |
We hold several on-campus networking events for our members - some are general socials, others have a focus like networking with MBAs or professors or former Wall Street interns. |
| Advertising Public Relations (+) | $100.00 | $100.00 | $100.00 |
This will cover print advertising for the events in this category. |
| Sub-Total | $400.00 | $400.00 | $400.00 |
Uncategorized Items
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Advertising Public Relations (+) | $100.00 | $100.00 | $100.00 |
We are requesting this amount in order to invest in a reusable cloth or vinyl banner with our logo - to be used at activities fairs, in our advertising efforts, at our case comps, or at our GBMs. |
| Sub-Total | $100.00 | $100.00 | $100.00 |
By Object Code
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Advertising Public Relations (+) | $200.00 | $100.00 | $100.00 | This funding will be used for advertising our two case competitions on campus (inc. flyers, posters, etc.) |
| Advertising Public Relations (+) | $50.00 | $0.00 | $0.00 | This funding will be used on print advertising for the professor dinner events. |
| Advertising Public Relations (+) | $50.00 | $25.00 | $25.00 | This funding will cover print advertising for the event. |
| Advertising Public Relations (+) | $50.00 | $25.00 | $25.00 | This funding will be used on print advertising for the event. |
| Advertising Public Relations (+) | $150.00 | $150.00 | $150.00 | This funding will cover print advertising for our guest speaker events. |
| Advertising Public Relations (+) | $100.00 | $100.00 | $100.00 | This will cover print advertising for the GBMs. |
| Advertising Public Relations (+) | $100.00 | $100.00 | $100.00 | We are requesting this amount in order to invest in a reusable cloth or vinyl banner with our logo - to be used at activities fairs, in our advertising efforts, at our case comps, or at our GBMs. |
| Advertising Public Relations (+) | $100.00 | $100.00 | $100.00 | This will cover print advertising for the events in this category. |
| Donations/Contributions (-) | $400.00 | $400.00 | $400.00 | Misc. funding from Tepper for event refreshments, etc. |
| Donations/Contributions (-) | $1,500.00 | $1,500.00 | $1,500.00 | Funding from Tepper specifically for Network Manhattan networking event in summer - this funding cannot be redirected toward any of the other line items contained in our budget that we are requesting |
| Donations/Contributions (-) | $300.00 | $300.00 | $300.00 | Case competition sponsorship - past sponsors included PNC and BAML. Sponsors fund JFC -unallowable items likeprizes for contestants. Normally hold one case competition per semester. |
| Meals Domestic (+) | $500.00 | $250.00 | $250.00 | This funding will be used to subsidize the cost of dinner outings with professors for students, as well as to cover the cost of the professor's meal. Past dinners have been held approximately twice p |
| Membership and Dues (-) | $140.00 | $280.00 | $280.00 | Estimate of dues income - dues are $5 per member per academic year, this figure based on past numbers of students paying dues. |
| Office Supplies (+) | $100.00 | $100.00 | $100.00 | Misc. supplies - folders/binders, pens/pencils, nametags, markers, etc. for all contestants |
| Office Supplies (+) | $25.00 | $25.00 | $25.00 | Signups sheets, nametags, pens/markers |
| Other Sales (-) | $0.00 | $500.00 | $500.00 | General fundraising |
| Other Supplies (+) | $25.00 | $25.00 | $25.00 | Nametags, water bottles for speakers |
| Other Supplies (+) | $25.00 | $25.00 | $25.00 | Nametags, water bottles for speakers |
| Other Supplies (+) | $50.00 | $50.00 | $50.00 | Nametags, water bottles for speakers, signin sheets, pens/pencils |
| Periodicals (+) | $150.00 | $150.00 | $150.00 | This funding will be used to purchase cases from the Harvard Business Review. |
| Refreshments (+) | $500.00 | $300.00 | $300.00 | This funding will be used for food and drinks for our case competitions. It will pay for lunch and dinner for judges/sponsors and participants for two daylong events. |
| Refreshments (+) | $100.00 | $100.00 | $100.00 | This event is a Q&A/discussion between students who have worked on Wall Streets and club members interested in finance - refreshments should cover food and drinks for approximately 20. |
| Refreshments (+) | $100.00 | $100.00 | $100.00 | This funding will be used to cover food and drinks for a group of alumni speakers plus an audience of approximately 30 students. |
| Refreshments (+) | $400.00 | $400.00 | $400.00 | This funding should cover up to 6 guest speaker events in the academic year, with attendance of approximately 30 students per event. |
| Refreshments (+) | $200.00 | $200.00 | $200.00 | We hold one GBM per semester, and this should cover food and drink for an audience of 40+ students per meeting. |
| Refreshments (+) | $300.00 | $300.00 | $300.00 | We hold several on-campus networking events for our members - some are general socials, others have a focus like networking with MBAs or professors or former Wall Street interns. |
| Rental-Facilities (+) | $3,000.00 | $1,500.00 | $1,500.00 | This funding will be used for the venue in NY for our annual summer networking event for students interested in finance. This event is open to all Carnegie Mellon students, free of charge, as well as |
By Ocode
| Requested | |
|---|---|
| Advertising Public Relations | $800.00 |
| Donations/Contributions | $2,200.00 |
| Meals Domestic | $500.00 |
| Membership and Dues | $140.00 |
| Office Supplies | $125.00 |
| Other Sales | $0.00 |
| Other Supplies | $100.00 |
| Periodicals | $150.00 |
| Refreshments | $1,600.00 |
| Rental-Facilities | $3,000.00 |
| Recommended | |
|---|---|
| Advertising Public Relations | $600.00 |
| Donations/Contributions | $2,200.00 |
| Meals Domestic | $250.00 |
| Membership and Dues | $280.00 |
| Office Supplies | $125.00 |
| Other Sales | $500.00 |
| Other Supplies | $100.00 |
| Periodicals | $150.00 |
| Refreshments | $1,400.00 |
| Rental-Facilities | $1,500.00 |
| Final | |
|---|---|
| Advertising Public Relations | $600.00 |
| Donations/Contributions | $2,200.00 |
| Meals Domestic | $250.00 |
| Membership and Dues | $280.00 |
| Office Supplies | $125.00 |
| Other Sales | $500.00 |
| Other Supplies | $100.00 |
| Periodicals | $150.00 |
| Refreshments | $1,400.00 |
| Rental-Facilities | $1,500.00 |
Summary
| Requested | |
|---|---|
| Expenditures | $6,275.00 |
| Capital | $0.00 |
| Revenue | ($2,340.00) |
| Final | $3,935.00 |
| Recommended | |
|---|---|
| Expenditures | $4,125.00 |
| Capital | $0.00 |
| Revenue | ($2,980.00) |
| Final | $1,145.00 |
| Final | |
|---|---|
| Expenditures | $4,125.00 |
| Capital | $0.00 |
| Revenue | ($2,980.00) |
| Debt | ($0.00) |
| Rollover | ($0.00) |
| Total Subsidy | $1,145.00 |
| FY11 Starting Balance | $1,145.00 |