Financial Projections and Analysis: 2017-2027

Financial Projections and Analysis: 2017-2027

Mathias Memmel | vpinternal@utsu.ca
Sunday April 25th, 2017
Full Report: Financial Projections and Analysis: 2017-2027

 

Executive Summary

Of the U15 students’ unions, the UTSU has the second-lowest membership fee, and the result of the October 2016 referendum suggests that students aren’t likely to vote to increase it (not soon enough, anyway). The UTSU isn’t a government; it can’t generate revenue by raising taxes. When expenses exceed revenue, or will begin to exceed revenue in the near future, the only option is to reduce expenses. In the Table E scenario (in which nothing changes), the UTSU will have a carried-forward deficit of $2 million by 2022. By 2027, the deficit will have grown to $3.8 million. In the Table F scenario (in which there are three fewer full-time staff positions, one fewer executive positions, and an overall reduction in executive honoraria), the UTSU will have a carried-forward deficit of $500,000 in 2022 and a carried-forward deficit of $250,000 in 2027. The latter scenario would be significantly more manageable.

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