[box type=”info”]In a previous version of the article, we incorrectly stated that the KSU’s creation of the hospitality manager position directly caused the budget deficit. A structural deficit like the KSU’s accounts for an ongoing issue, not a singular cause.[/box]
At last night’s King’s Students’ Union general meeting, the year’s budget was passed with a $9,882.40 structural deficit. The projected shortfall was announced and illustrated by financial vice-president Alex Bryant.
“What this means is not that we are $10,000 in debt or we’ll end up $10,000 in debt, but it does mean that if we continue spending the way we have in the past that we could have some problems,” said Bryant.
Complications with the budget were catalyzed by the creation of a new union employee, the hospitality manager. In planning the budget, the 2012/13 KSU executive did not expect Nick Wright to work during the summer. Bryant attested that Wright did much necessary work before the fall term began.
“We originally thought having two people would cost less than one person, but because of the amount of work that the positions have had to put in, it’s actually going to cost us a bit more,” said Bryant.
The new budget forecasts that the hospitality manager will be paid $9,040 more than originally anticipated.
Another unnecessary expense discussed at the sugar infused Candy Kebab General Meeting was last year’s printing expenses – an extra $4,322.
“We want to keep our printing under control,” said Bryant. “It may have just not been tracked as well as it need to be (in the past), but we’re going to work on that big time.”
Also passed at the meeting were constitutional amendments, as well as appointments to various committees, including: the Watch’s Board of Publishers, the Grad Week Committee Selection Committee, the WUSC Levy Board and the Academic Committee.
Here’s the KSU’s budget as amended at Thursday’s meeting:
You can contact Alex Bryant at email@example.com.