Financial Frontline Society Budget
FY2015 (July 1, 2014 - June 30, 2015)
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: Divya Krishnan (divyak)
Summary
| Requested | |
|---|---|
| Expenditures | $4,580.00 |
| Capital | $0.00 |
| Revenue | ($100.00) |
| Final | $4,480.00 |
| Recommended | |
|---|---|
| Expenditures | $880.00 |
| Capital | $0.00 |
| Revenue | ($100.00) |
| Final | $780.00 |
| Final | |
|---|---|
| Expenditures | $880.00 |
| Capital | $0.00 |
| Revenue | ($100.00) |
| Debt | ($0.00) |
| Rollover | ($0.00) |
| Total Subsidy | $780.00 |
| FY15 Starting Balance | $780.00 |
Income and Revenue
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Ops-Non-Promotional Paper, Printing, and Pub. (+) | $120.00 | $0.00 | $0.00 |
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. Distribute via email. |
| Ops-Advertising and Publicity (+) | $120.00 | $100.00 | $100.00 |
Includes approximately cover 100 flyer for both spring and fall semester. And it also includes promotional boards for General Body meeting and organization promotion. The JFC will fund $100 per year for General Club/Organization Promotion. |
| Food-Refreshments for General Body Meetings (+) | $200.00 | $200.00 | $200.00 |
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. |
| Food-Refreshments for Events (+) | $180.00 | $180.00 | $180.00 |
Each semester end, we have project presentation, every semester approximately 30 people attend the event. We order one sandwich per person and invite faculty to come as well to share the results we have be working through the whole semester. |
| Revenue-Donations/Other Income (-) | $100.00 | $100.00 | $100.00 |
We are considering finding corporate donation from local companies:) You are expected to bring in revenue whether or not you get it from a coporate donation. |
| Revenue-Fundraising Income (-) | $0.00 | $0.00 | $0.00 |
The JFC will fund $100 per semester for food for rush/recruitment, $200 per semester for food at events, $5 per person per semester for food for general body meetings, and $15 per person per event for food at a cultural event, at a cap to 2 events. |
| Sub-Total | $520.00 | $380.00 | $380.00 |
Speaker Events
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Travel-Airfare Domestic (+) | $280.00 | $0.00 | $0.00 |
We would invite alumni and founder of our organization Shiyan Gan to come back and join our discussion. She is also welcomed to give us more information on Citi Bank. She is currently working for Citi Quantitative analysis. Too much unpredictability with speakers. If they are already confirmed, please appeal with additional information. Otherwise, the JFC has allocated money specifically for speaker events. You can apply for this money through the SBVPF. |
| Travel-Airfare Domestic (+) | $280.00 | $0.00 | $0.00 |
We would invite alumni and founder of our organization Yijia Zhou to come back and join our discussion. She will share more experience on investment banking. Too much unpredictability with speakers. If they are already confirmed, please appeal with additional information. Otherwise, the JFC has allocated money specifically for speaker events. You can apply for this money through the SBVPF. |
| Sub-Total | $560.00 | $0.00 | $0.00 |
Other non-alumni speakers
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Ops-Advertising and Publicity (+) | $20.00 | $0.00 | $0.00 |
Used to promote the event to let more students more about the activity. Because this event is open for students in all majors. Too much unpredictability with speakers. If they are already confirmed, please appeal with additional information. Otherwise, the JFC has allocated money specifically for speaker events. You can apply for this money through the SBVPF. |
| Travel-Airfare Domestic (+) | $280.00 | $0.00 | $0.00 |
We would also like to invite Peter Cai, who works at Morgan Stanley as guest speaker. He comes to our school to hold lectures every year. And we also learn a lot from him. 280 counts as airfare. Too much unpredictability with speakers. If they are already confirmed, please appeal with additional information. Otherwise, the JFC has allocated money specifically for speaker events. You can apply for this money through the SBVPF. |
| Food-Refreshments for Events (+) | $100.00 | $0.00 | $0.00 |
This is used as refreshments for events to delight both students and speaker Too much unpredictability with speakers. If they are already confirmed, please appeal with additional information. Otherwise, the JFC has allocated money specifically for speaker events. You can apply for this money through the SBVPF. |
| Sub-Total | $400.00 | $0.00 | $0.00 |
Wall Street Trip
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Travel-Airfare Domestic (+) | $3,000.00 | $400.00 | $400.00 |
Yes. It is a lot we ask. But the Wall Street Trip is our biggest event of the year. We've been to Citi Trip for 3 years and have build strong connection with Citi Group and we aim to extend the activity for the future. Every November, we take 20 students chosen on campus, covering a wide range of majors. We screen their resume and find the best 20 students from all applicants. They can talk to professionals and recruiters directly and everyone benefits a lot from the experience. So we are asking for partial funding for those students. 20 students are coming and the airfare is approximately 300, so we ask for 3000. We really don't want those outstanding students who concern a lot on tickets to lose such great opportunity and we really want to leave a good impression on Citi recruiters. For this trip the JFC suggests you take a bus. This should total $800. Of that the JFC is willing to fund $400. |
| Sub-Total | $3,000.00 | $400.00 | $400.00 |
By Object Code
| Object Code | Requested | Recommended | Final | Description |
|---|---|---|---|---|
| Food-Refreshments for Events (+) | $180.00 | $180.00 | $180.00 | Each semester end, we have project presentation, every semester approximately 30 people attend the event. We order one sandwich per person and invite faculty to come as well to share the results we have be working through the whole semester. |
| Food-Refreshments for Events (+) | $100.00 | $0.00 | $0.00 | This is used as refreshments for events to delight both students and speaker |
| Food-Refreshments for General Body Meetings (+) | $200.00 | $200.00 | $200.00 | 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 (+) | $120.00 | $100.00 | $100.00 | Includes approximately cover 100 flyer for both spring and fall semester. And it also includes promotional boards for General Body meeting and organization promotion. |
| Ops-Advertising and Publicity (+) | $20.00 | $0.00 | $0.00 | Used to promote the event to let more students more about the activity. Because this event is open for students in all majors. |
| Ops-Non-Promotional Paper, Printing, and Pub. (+) | $120.00 | $0.00 | $0.00 | 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. |
| Revenue-Donations/Other Income (-) | $100.00 | $100.00 | $100.00 | We are considering finding corporate donation from local companies:) |
| Revenue-Fundraising Income (-) | $0.00 | $0.00 | $0.00 | |
| Travel-Airfare Domestic (+) | $280.00 | $0.00 | $0.00 | We would also like to invite Peter Cai, who works at Morgan Stanley as guest speaker. He comes to our school to hold lectures every year. And we also learn a lot from him. 280 counts as airfare. |
| Travel-Airfare Domestic (+) | $3,000.00 | $400.00 | $400.00 | Yes. It is a lot we ask. But the Wall Street Trip is our biggest event of the year. We've been to Citi Trip for 3 years and have build strong connection with Citi Group and we aim to extend the activity for the future. Every November, we take 20 students chosen on campus, covering a wide range of majors. We screen their resume and find the best 20 students from all applicants. They can talk to professionals and recruiters directly and everyone benefits a lot from the experience. So we are asking for partial funding for those students. 20 students are coming and the airfare is approximately 300, so we ask for 3000. We really don't want those outstanding students who concern a lot on tickets to lose such great opportunity and we really want to leave a good impression on Citi recruiters. |
| Travel-Airfare Domestic (+) | $280.00 | $0.00 | $0.00 | We would invite alumni and founder of our organization Shiyan Gan to come back and join our discussion. She is also welcomed to give us more information on Citi Bank. She is currently working for Citi Quantitative analysis. |
| Travel-Airfare Domestic (+) | $280.00 | $0.00 | $0.00 | We would invite alumni and founder of our organization Yijia Zhou to come back and join our discussion. She will share more experience on investment banking. |
By Ocode
| Requested | |
|---|---|
| Food-Refreshments for Events | $280.00 |
| Food-Refreshments for General Body Meetings | $200.00 |
| Ops-Advertising and Publicity | $140.00 |
| Ops-Non-Promotional Paper, Printing, and Pub. | $120.00 |
| Revenue-Donations/Other Income | $100.00 |
| Revenue-Fundraising Income | $0.00 |
| Travel-Airfare Domestic | $3,840.00 |
| Recommended | |
|---|---|
| Food-Refreshments for Events | $180.00 |
| Food-Refreshments for General Body Meetings | $200.00 |
| Ops-Advertising and Publicity | $100.00 |
| Ops-Non-Promotional Paper, Printing, and Pub. | $0.00 |
| Revenue-Donations/Other Income | $100.00 |
| Revenue-Fundraising Income | $0.00 |
| Travel-Airfare Domestic | $400.00 |
| Final | |
|---|---|
| Food-Refreshments for Events | $180.00 |
| Food-Refreshments for General Body Meetings | $200.00 |
| Ops-Advertising and Publicity | $100.00 |
| Ops-Non-Promotional Paper, Printing, and Pub. | $0.00 |
| Revenue-Donations/Other Income | $100.00 |
| Revenue-Fundraising Income | $0.00 |
| Travel-Airfare Domestic | $400.00 |
Summary
| Requested | |
|---|---|
| Expenditures | $4,580.00 |
| Capital | $0.00 |
| Revenue | ($100.00) |
| Final | $4,480.00 |
| Recommended | |
|---|---|
| Expenditures | $880.00 |
| Capital | $0.00 |
| Revenue | ($100.00) |
| Final | $780.00 |
| Final | |
|---|---|
| Expenditures | $880.00 |
| Capital | $0.00 |
| Revenue | ($100.00) |
| Debt | ($0.00) |
| Rollover | ($0.00) |
| Total Subsidy | $780.00 |
| FY15 Starting Balance | $780.00 |