SUMMIT Budget
FY2015 (July 1, 2014 - June 30, 2015)
SUMMIT offers our intellectual explorers the opportunity to participate in a three-day program which will include courses, seminars, and workshops on topics students have the desire — but perhaps not the opportunity — to explore during the regular academic year. Ultimately, SUMMIT provides students with a vibrant opportunity to explore a variety of personal interests without limits.
JFC Rep: Jalen Poteat (jalenw)
Summary
| Requested | |
|---|---|
| Expenditures | $18,442.00 |
| Capital | $0.00 |
| Revenue | ($13,000.00) |
| Final | $5,442.00 |
| Recommended | |
|---|---|
| Expenditures | $18,392.00 |
| Capital | $0.00 |
| Revenue | ($13,000.00) |
| Final | $5,392.00 |
| Final | |
|---|---|
| Expenditures | $18,392.00 |
| Capital | $0.00 |
| Revenue | ($13,000.00) |
| Debt | ($207.74) |
| Rollover | ($0.00) |
| Total Subsidy | $5,392.00 |
| FY15 Starting Balance | $5,184.26 |
Debt/Rollover Explanation:
Income and Revenue
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Revenue-Membership Dues (-) | $8,000.00 | $8,000.00 | $8,000.00 |
$50 registration fee for ~160 SUMMIT students |
| Revenue-Membership Dues (-) | $5,000.00 | $5,000.00 | $5,000.00 |
$50 registration fee for ~100 ODYSSEY students |
| Sub-Total | -$13,000.00 | -$13,000.00 | -$13,000.00 |
Expenditures
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Ops-Decorations (+) | $50.00 | $50.00 | $50.00 |
Decoration / location markers so students know where check in / registration / certain events are at. |
| Ops-Advertising and Publicity (+) | $300.00 | $250.00 | $250.00 |
Posters, fliers, business cards. Since SUMMIT is usually organized by less than 5 students for a group of over 250 students, a lot of publicity / advertising / event updates are needed in the form of visual advertising, as traditional methods such as general tabling is unfeasible for just 5 students. |
| Ops-Event Supplies (+) | $300.00 | $300.00 | $300.00 |
Information / Participation packets for students. This includes schedules, directions to off campus events, wristbands, waivers, contracts, etc). Budgeting cost for 200 people worth. 160 SUMMIT students, and then since ODYSSEY students only get part of the packet, about 200 people's worth. |
| Food-Meals for Members (+) | $10,000.00 | $10,000.00 | $10,000.00 |
(Covered by revenue) 3 meals for three days for 260 students. This works out to be on average about $2 for breakfast, $4 for lunch, and $6 for dinner per meal, per student, and about $2 worth of snacks / person for three days combined. Yes, spending 10000 on food seems high but given the number of people we feed for the number of meals, it's actually quite low) |
| Travel-Rental Car (+) | $300.00 | $300.00 | $300.00 |
(Covered by revenue) zipcar rental expenses to pick up supplies for classes / food |
| Equip-Clothing (+) | $200.00 | $200.00 | $200.00 |
shirts to identify student staff members at internal and external events. at external events, so that the administration of the site we're at can identify us easily among all the other students, and at internal events, so that students know who to talk to if they have a question, as there are easily a hundred or two hundred students together that we mingle with, and so we can be hard to identify or find. we have 8 student organizers next year, along with a couple volunteers |
| Sub-Total | $11,150.00 | $11,100.00 | $11,100.00 |
Evening Events
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Ops-Event Supplies (+) | $200.00 | $200.00 | $200.00 |
supplies for students to make and eat their own cupcakes |
| Ops-Program Expenses (+) | $500.00 | $500.00 | $500.00 |
off campus evening venture for students to go bowling |
| Ops-Program Expenses (+) | $300.00 | $300.00 | $300.00 |
off campus evening venture for students to go ice skating |
| Sub-Total | $1,000.00 | $1,000.00 | $1,000.00 |
Classes
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Ops-Professional Services and Performers (+) | $630.00 | $630.00 | $630.00 |
Balloon Animal Making - (professional service) class for students to learn balloon animal making |
| Ops-Professional Services and Performers (+) | $1,000.00 | $1,000.00 | $1,000.00 |
Shoot Range - Archery & Firearm Safety Training - (professional service) class for students to learn about firearm and then to try it out in the firing range |
| Travel-Professional Vehicle Services (+) | $765.00 | $765.00 | $765.00 |
Firearm/Glassblowing Transportation - transportation costs to get to certain off campus ventures - we rent the gelfand bus usually transport 20-30 students / trip |
| Ops-Professional Services and Performers (+) | $1,200.00 | $1,200.00 | $1,200.00 |
Pittsburgh Glass Blowing Center -(professional service) class where students learn about how to blow glass and gets some hands on experience after |
| Ops-Professional Services and Performers (+) | $1,052.00 | $1,052.00 | $1,052.00 |
Color Me Mine Pottery - (professional service) class where students learn how to make pottery and then does it after |
| Ops-Event Supplies (+) | $100.00 | $100.00 | $100.00 |
Board Games - purchase of board games (teacher provides the majority of board games but asks for a few more) |
| Ops-Event Supplies (+) | $50.00 | $50.00 | $50.00 |
Coffee Tasting - supplies for various coffees |
| Ops-Charges, Fees and Fines (+) | $320.00 | $320.00 | $320.00 |
CPR - fee charged by EMS to cover rental equipment for the training, the class itself is taught for free |
| Ops-Charges, Fees and Fines (+) | $25.00 | $25.00 | $25.00 |
Decoding the Lion King - class where students watch the lion king and discuss various aspects of the movie after. Licensing fee |
| Ops-Charges, Fees and Fines (+) | $320.00 | $320.00 | $320.00 |
First Aid Training - fee charged by EMS to cover rental equipment for the training, the class itself is taught for free |
| Ops-Event Supplies (+) | $30.00 | $30.00 | $30.00 |
Foosball - packages of foosballs |
| Ops-Event Supplies (+) | $300.00 | $300.00 | $300.00 |
Japanese Cooking - food supplies for japanese meals |
| Ops-Event Supplies (+) | $50.00 | $50.00 | $50.00 |
Knitting / Crocheting - yarn and needles |
| Ops-Event Supplies (+) | $50.00 | $50.00 | $50.00 |
Origami - origami folding paper |
| Ops-Event Supplies (+) | $125.00 | $125.00 | $125.00 |
Rainbow Loom - supplies for students to learn how to make various rubberband bracelet jewlery |
| Ops-Event Supplies (+) | $240.00 | $240.00 | $240.00 |
Tasty Breakfast - supplies for students to learn how to make various breakfast foods |
| Ops-Event Supplies (+) | $35.00 | $35.00 | $35.00 |
Tea Tasting - supplies for various teas |
| Sub-Total | $6,292.00 | $6,292.00 | $6,292.00 |
By Object Code
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Equip-Clothing (+) | $200.00 | $200.00 | $200.00 | shirts to identify student staff members at internal and external events. at external events, so that the administration of the site we're at can identify us easily among all the other students, and at internal events, so that students know who to talk to if they have a question, as there are easily a hundred or two hundred students together that we mingle with, and so we can be hard to identify or find. we have 8 student organizers next year, along with a couple volunteers |
| Food-Meals for Members (+) | $10,000.00 | $10,000.00 | $10,000.00 | (Covered by revenue) 3 meals for three days for 260 students. This works out to be on average about $2 for breakfast, $4 for lunch, and $6 for dinner per meal, per student, and about $2 worth of snacks / person for three days combined. Yes, spending 10000 on food seems high but given the number of people we feed for the number of meals, it's actually quite low) |
| Ops-Advertising and Publicity (+) | $300.00 | $250.00 | $250.00 | Posters, fliers, business cards. Since SUMMIT is usually organized by less than 5 students for a group of over 250 students, a lot of publicity / advertising / event updates are needed in the form of visual advertising, as traditional methods such as general tabling is unfeasible for just 5 students. |
| Ops-Charges, Fees and Fines (+) | $320.00 | $320.00 | $320.00 | CPR - fee charged by EMS to cover rental equipment for the training, the class itself is taught for free |
| Ops-Charges, Fees and Fines (+) | $25.00 | $25.00 | $25.00 | Decoding the Lion King - class where students watch the lion king and discuss various aspects of the movie after. Licensing fee |
| Ops-Charges, Fees and Fines (+) | $320.00 | $320.00 | $320.00 | First Aid Training - fee charged by EMS to cover rental equipment for the training, the class itself is taught for free |
| Ops-Decorations (+) | $50.00 | $50.00 | $50.00 | Decoration / location markers so students know where check in / registration / certain events are at. |
| Ops-Event Supplies (+) | $300.00 | $300.00 | $300.00 | Information / Participation packets for students. This includes schedules, directions to off campus events, wristbands, waivers, contracts, etc). Budgeting cost for 200 people worth. 160 SUMMIT students, and then since ODYSSEY students only get part of the packet, about 200 people's worth. |
| Ops-Event Supplies (+) | $200.00 | $200.00 | $200.00 | supplies for students to make and eat their own cupcakes |
| Ops-Event Supplies (+) | $100.00 | $100.00 | $100.00 | Board Games - purchase of board games (teacher provides the majority of board games but asks for a few more) |
| Ops-Event Supplies (+) | $50.00 | $50.00 | $50.00 | Coffee Tasting - supplies for various coffees |
| Ops-Event Supplies (+) | $30.00 | $30.00 | $30.00 | Foosball - packages of foosballs |
| Ops-Event Supplies (+) | $300.00 | $300.00 | $300.00 | Japanese Cooking - food supplies for japanese meals |
| Ops-Event Supplies (+) | $50.00 | $50.00 | $50.00 | Knitting / Crocheting - yarn and needles |
| Ops-Event Supplies (+) | $50.00 | $50.00 | $50.00 | Origami - origami folding paper |
| Ops-Event Supplies (+) | $125.00 | $125.00 | $125.00 | Rainbow Loom - supplies for students to learn how to make various rubberband bracelet jewlery |
| Ops-Event Supplies (+) | $240.00 | $240.00 | $240.00 | Tasty Breakfast - supplies for students to learn how to make various breakfast foods |
| Ops-Event Supplies (+) | $35.00 | $35.00 | $35.00 | Tea Tasting - supplies for various teas |
| Ops-Professional Services and Performers (+) | $630.00 | $630.00 | $630.00 | Balloon Animal Making - (professional service) class for students to learn balloon animal making |
| Ops-Professional Services and Performers (+) | $1,000.00 | $1,000.00 | $1,000.00 | Shoot Range - Archery & Firearm Safety Training - (professional service) class for students to learn about firearm and then to try it out in the firing range |
| Ops-Professional Services and Performers (+) | $1,200.00 | $1,200.00 | $1,200.00 | Pittsburgh Glass Blowing Center -(professional service) class where students learn about how to blow glass and gets some hands on experience after |
| Ops-Professional Services and Performers (+) | $1,052.00 | $1,052.00 | $1,052.00 | Color Me Mine Pottery - (professional service) class where students learn how to make pottery and then does it after |
| Ops-Program Expenses (+) | $500.00 | $500.00 | $500.00 | off campus evening venture for students to go bowling |
| Ops-Program Expenses (+) | $300.00 | $300.00 | $300.00 | off campus evening venture for students to go ice skating |
| Revenue-Membership Dues (-) | $8,000.00 | $8,000.00 | $8,000.00 | $50 registration fee for ~160 SUMMIT students |
| Revenue-Membership Dues (-) | $5,000.00 | $5,000.00 | $5,000.00 | $50 registration fee for ~100 ODYSSEY students |
| Travel-Professional Vehicle Services (+) | $765.00 | $765.00 | $765.00 | Firearm/Glassblowing Transportation - transportation costs to get to certain off campus ventures - we rent the gelfand bus usually transport 20-30 students / trip |
| Travel-Rental Car (+) | $300.00 | $300.00 | $300.00 | (Covered by revenue) zipcar rental expenses to pick up supplies for classes / food |
By Ocode
| Requested | |
|---|---|
| Equip-Clothing | $200.00 |
| Food-Meals for Members | $10,000.00 |
| Ops-Advertising and Publicity | $300.00 |
| Ops-Charges, Fees and Fines | $665.00 |
| Ops-Decorations | $50.00 |
| Ops-Event Supplies | $1,480.00 |
| Ops-Professional Services and Performers | $3,882.00 |
| Ops-Program Expenses | $800.00 |
| Revenue-Membership Dues | $13,000.00 |
| Travel-Professional Vehicle Services | $765.00 |
| Travel-Rental Car | $300.00 |
| Recommended | |
|---|---|
| Equip-Clothing | $200.00 |
| Food-Meals for Members | $10,000.00 |
| Ops-Advertising and Publicity | $250.00 |
| Ops-Charges, Fees and Fines | $665.00 |
| Ops-Decorations | $50.00 |
| Ops-Event Supplies | $1,480.00 |
| Ops-Professional Services and Performers | $3,882.00 |
| Ops-Program Expenses | $800.00 |
| Revenue-Membership Dues | $13,000.00 |
| Travel-Professional Vehicle Services | $765.00 |
| Travel-Rental Car | $300.00 |
| Final | |
|---|---|
| Equip-Clothing | $200.00 |
| Food-Meals for Members | $10,000.00 |
| Ops-Advertising and Publicity | $250.00 |
| Ops-Charges, Fees and Fines | $665.00 |
| Ops-Decorations | $50.00 |
| Ops-Event Supplies | $1,480.00 |
| Ops-Professional Services and Performers | $3,882.00 |
| Ops-Program Expenses | $800.00 |
| Revenue-Membership Dues | $13,000.00 |
| Travel-Professional Vehicle Services | $765.00 |
| Travel-Rental Car | $300.00 |
Summary
| Requested | |
|---|---|
| Expenditures | $18,442.00 |
| Capital | $0.00 |
| Revenue | ($13,000.00) |
| Final | $5,442.00 |
| Recommended | |
|---|---|
| Expenditures | $18,392.00 |
| Capital | $0.00 |
| Revenue | ($13,000.00) |
| Final | $5,392.00 |
| Final | |
|---|---|
| Expenditures | $18,392.00 |
| Capital | $0.00 |
| Revenue | ($13,000.00) |
| Debt | ($207.74) |
| Rollover | ($0.00) |
| Total Subsidy | $5,392.00 |
| FY15 Starting Balance | $5,184.26 |
Debt/Rollover Explanation: