What was SUS’s budget last year?

You can review our budget document from last year here.

How does SUS make decisions about finances?

There are a few steps to this! First, the relevant executive/department develops a budget draft. That budget is then reviewed by the Finance Committee and the Vice President Finance to ensure that the expected expenses and revenue are in line with our mandate and enable the longevity of the society. The budget is returned with feedback, and the executive/department makes the recommended changes. Once this is completed, the SUS General Council votes to decide if the operating budget as a whole aligns with our mandate and the financial by-laws. Once this passes General Council, departments and executives have full spending privileges.

The fun doesn’t stop there! For all transactions that are conducted by SUS, documentation is collected and organized by the Vice President Finance. This means that we can go back and understand why, when, where, and how a transaction was made.

Although it is a rigorous process, it is important to us that the funding we receive from students is spent responsibly!

If you have more questions about SUS’s financial affairs, please contact finance@susmcgill.ca