Financial Statement 2011

 

REVENUE  
Operating 11,356,897.61
Student fees and levies 4,365,904.25
Amortization of deferred contributions 776,781.23
Interest 68,045.36
Donations 29,607.15
Total Revenue: 16,597,235.60
   
EXPENDITURES  
Cost of providing services 4,599,361.93
Salaries 4,738,314.65
Operating 3,084,573.40
Interest 308,216.69
Amortization 695,156.73
Building operation 312,749.80
Student Services 1,370,934.47
Donations from
restricted funds		 95,589.08
Total Expenditures: 15,204,896.75
   
     
 

2011 Operational & Financial Overview

Of the approximately $4.3 million received from student fees, the SU retains approximately $1.4 million to support SU administered programs and services. The approximate $2.9 million balance of fees is either held in reserve for third party organizations that students have voted through a referendum to provide assistance to (e.g., the tri-media group, Student Legal Assistance) or is held in reserve and administered by the Students’ Union for specific purposes (e.g., Library Assistance fee and Student Health and Dental Plan).

The SU student fee/revenue ratio changes yearly depending on the number of students enrolled in the university, but at 8.86% it remains one of the lowest fee/levy to service/revenue of student organizations in Canada.

Approximately 91% of the SU’s total operating revenue for 2010-2011 was produced by the businesses we run on campus; such ventures as:

  • MacEwan Conference & Events Centre,
  • Bound & Copied, our used bookstore/copy centre,
  • Stor, our convenience store,
  • The Den & Black Lounge, our popular bar/restaurant/nightclub, and
  • MacEwan Hall, our premiere concert venue.


The SU employs approximately 47 full-time and over 175 part-time employees, with an additional 324 volunteers who assist in many student programs.

2011 SU Revenue Sources

The following chart exhibits the primary sources of Students' Union revenue for the fiscal year ending June 30, 2011.