Financial Frontline Society Budget

FY2014 (July 1, 2013 - June 30, 2014)

Financial Frontline Society (FFS) offers a variety of activities and events for Carnegie Mellon Students who are interested in learning more about the business world. Our mission is to bring a forum for news discussion to the student body at campus, and we aim to help students gain more knowledge of the capital markets and the possible career paths in finance. FFS activities include weekly news discussion, speaker events, stock market discussions, industry presentations, and appreciation dinners. In addition, we also have our weekly newsletter that includes top deals done in the past week and editors and columnists’ opinions about the market. Our weekly news discussion starts with a short market recap presentation, and it’s usually followed by general discussions as analysts in different industries share their insights on their focused companies and/or commodities. In the end, members make predictions about the market trends

JFC Rep: Niharika Ray (nray)

Summary

Requested
Expenditures $3,528.00
Capital $0.00
Revenue ($0.00)
Final $3,528.00
Recommended
Expenditures $660.00
Capital $0.00
Revenue ($200.00)
Final $460.00
Final
Expenditures $660.00
Capital $0.00
Revenue ($200.00)
Debt ($0.00)
Rollover ($0.00)
Total Subsidy $460.00
FY14 Starting Balance $460.00

Income and Revenue

Object Code Requested Recommended Final Description
Ops-Non-Promotional Paper, Printing, and Pub. (+) $120.00 $120.00 $120.00

This is will involve covering printing costs for our weekly double-sided newsletter which provides an overview of the previous week's financial events as well as the cost for some printings for our three projects.

Ops-Advertising and Publicity (+) $80.00 $80.00 $80.00

This cost covers the printing of pamphlets and flyer for both spring and fall activity fair. It also includes making a KT board with organization name on it to inform other students of our organization.

Ops-Professional Services and Performers (+) $168.00 $0.00 $0.00

One of the important component of our organization is newsletter discussion. So we plan to subscribe Wall Street Journal for our organization so that the newsletter writing team can get access to more valuable resources that will help them compose the weekly newsletter. As long as a student is added to our mailing list, he/she can get access to the newsletter we created. The subscription fee is 21/month, so I count it as 8 months so it's a total of 168.

Free wallstreet journals in Tepper; appeal denied

Food-Refreshments for General Body Meetings (+) $100.00 $100.00 $100.00

Normally 30-40 people come to the General Body meeting that is once per semester. On average 4pizzas and drinks are provided. It is used to create a chill environment for students who are interested in finance and want to know more about our organization and it is something in return for those organization members who prepare a lot to set up the meeting.

Revenue-Donations/Other Income (-) $0.00 $0.00 $0.00

The JFC will fund hotels 80%, capped at $150 per room per night per four people, 50% of transportation, and up to $500 per person traveling for the year. Since your cost is underneath this, no additional revenue is needed.

Revenue-Donations/Other Income (-) $0.00 $0.00 $0.00

The JFC will fund $100 per semester for food for recruitment events, $2 per person per semester for meeting food, $200 per semester for food at events, and will not fund personal meals. Since your cost is underneat this, no additional revenue is needed.

Revenue-Fundraising Income (-) $0.00 $200.00 $200.00

You have to bring in some revenue. You can consult, hold a networking event, or bake cookies, as just a couple examples. The future is your oyster!

Sub-Total $468.00 $100.00 $100.00

Competition Trip

Object Code Requested Recommended Final Description
Travel-Airfare Domestic (+) $120.00 $120.00 $120.00

The competition takes place in Chicago, and we will be taking 4 people, so half the cost of airfare is $120.00

Travel-Hotel and Lodging (+) $240.00 $240.00 $240.00

The hotels are $60 per person for two nights, and we are taking four people (two boys and two girls, so two rooms are needed), so the total cost is $240.

Sub-Total $360.00 $360.00 $360.00

Speaker Event

Object Code Requested Recommended Final Description
Travel-Airfare Domestic (+) $700.00 $0.00 $0.00

We plan to hold several speaker event each semester, which are open to all students who are interested. So we require some funding for airfares for those speakers so they are willing to come. Three - four speaker events per semester

Too much uncertainty in whether or not you will be able to get these people. If they are already confirmed, please appeal with additional information. You can always seek funding from the office of the SBVPF as the speaker events are confirmed.

Sub-Total $700.00 $0.00 $0.00

Wall Street Trip

Object Code Requested Recommended Final Description
Travel-Airfare Domestic (+) $2,000.00 $0.00 $0.00

The money goes into Wall Street Trip, it is a partial funding for a trip to the office of a major financial company in New York City to give members the opportunity to interact with professionals and get a glimpse of the corporate world. Last semester we have 16 people who went there. We have funding for Tepper students, which the fees were covered in half by the business department. But we've found that many students who are not in Tepper are also quite interested in this trip, so we are asking for partial funding for those students. Assuming 10 students who are not in Tepper are coming and half of airfare is 200.

We need you to grow and develop as an organization before we can fund this trip.; appeal denied

Sub-Total $2,000.00 $0.00 $0.00

By Object Code

Object Code Requested Recommended Final Description
Food-Refreshments for General Body Meetings (+) $100.00 $100.00 $100.00 Normally 30-40 people come to the General Body meeting that is once per semester. On average 4pizzas and drinks are provided. It is used to create a chill environment for students who are interested in finance and want to know more about our organization and it is something in return for those organization members who prepare a lot to set up the meeting.
Ops-Advertising and Publicity (+) $80.00 $80.00 $80.00 This cost covers the printing of pamphlets and flyer for both spring and fall activity fair. It also includes making a KT board with organization name on it to inform other students of our organization.
Ops-Non-Promotional Paper, Printing, and Pub. (+) $120.00 $120.00 $120.00 This is will involve covering printing costs for our weekly double-sided newsletter which provides an overview of the previous week's financial events as well as the cost for some printings for our three projects.
Ops-Professional Services and Performers (+) $168.00 $0.00 $0.00 One of the important component of our organization is newsletter discussion. So we plan to subscribe Wall Street Journal for our organization so that the newsletter writing team can get access to more valuable resources that will help them compose the weekly newsletter. As long as a student is added to our mailing list, he/she can get access to the newsletter we created. The subscription fee is 21/month, so I count it as 8 months so it's a total of 168.
Revenue-Donations/Other Income (-) $0.00 $0.00 $0.00
Revenue-Donations/Other Income (-) $0.00 $0.00 $0.00
Revenue-Fundraising Income (-) $0.00 $200.00 $200.00
Travel-Airfare Domestic (+) $2,000.00 $0.00 $0.00 The money goes into Wall Street Trip, it is a partial funding for a trip to the office of a major financial company in New York City to give members the opportunity to interact with professionals and get a glimpse of the corporate world. Last semester we have 16 people who went there. We have funding for Tepper students, which the fees were covered in half by the business department. But we've found that many students who are not in Tepper are also quite interested in this trip, so we are asking for partial funding for those students. Assuming 10 students who are not in Tepper are coming and half of airfare is 200.
Travel-Airfare Domestic (+) $700.00 $0.00 $0.00 We plan to hold several speaker event each semester, which are open to all students who are interested. So we require some funding for airfares for those speakers so they are willing to come. Three - four speaker events per semester
Travel-Airfare Domestic (+) $120.00 $120.00 $120.00 The competition takes place in Chicago, and we will be taking 4 people, so half the cost of airfare is $120.00
Travel-Hotel and Lodging (+) $240.00 $240.00 $240.00 The hotels are $60 per person for two nights, and we are taking four people (two boys and two girls, so two rooms are needed), so the total cost is $240.

By Ocode

Requested
Food-Refreshments for General Body Meetings $100.00
Ops-Advertising and Publicity $80.00
Ops-Non-Promotional Paper, Printing, and Pub. $120.00
Ops-Professional Services and Performers $168.00
Revenue-Donations/Other Income $0.00
Revenue-Fundraising Income $0.00
Travel-Airfare Domestic $2,820.00
Travel-Hotel and Lodging $240.00
Recommended
Food-Refreshments for General Body Meetings $100.00
Ops-Advertising and Publicity $80.00
Ops-Non-Promotional Paper, Printing, and Pub. $120.00
Ops-Professional Services and Performers $0.00
Revenue-Donations/Other Income $0.00
Revenue-Fundraising Income $200.00
Travel-Airfare Domestic $120.00
Travel-Hotel and Lodging $240.00
Final
Food-Refreshments for General Body Meetings $100.00
Ops-Advertising and Publicity $80.00
Ops-Non-Promotional Paper, Printing, and Pub. $120.00
Ops-Professional Services and Performers $0.00
Revenue-Donations/Other Income $0.00
Revenue-Fundraising Income $200.00
Travel-Airfare Domestic $120.00
Travel-Hotel and Lodging $240.00

Summary

Requested
Expenditures $3,528.00
Capital $0.00
Revenue ($0.00)
Final $3,528.00
Recommended
Expenditures $660.00
Capital $0.00
Revenue ($200.00)
Final $460.00
Final
Expenditures $660.00
Capital $0.00
Revenue ($200.00)
Debt ($0.00)
Rollover ($0.00)
Total Subsidy $460.00
FY14 Starting Balance $460.00