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Sauder School of Business at the University of British Columbia 2010 - 2011

UBC Commerce Undergraduate Society Annual Report

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Overview 3

A Message from the President 4

Student Life Highlights

Alumni Relations

Awards Night

Buddy and Exchange

Business Week

Campus Ambassador Program

Case Competition Club

Cavalier

Commerce Community Program

Commerce Mentorship Program

Elections

Executive Mentor Program

External Conferences

Frosh

Grad Dinner

Ignite! .

International Business Conference

International Student Association of Sauder

JDC West

Me Inc.

POITS

Prospectus

Social Committee

Strategy Consulting Mentorship Program

Style and the City

CUS Financial Statements:Guide to Financial Statements

Financial Statements

Statement of Operation

CUS Team:CUS Directory

Annual Report Credits

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UBC Commerce Undergraduate Society Annual Report 2010-2011

Overview 3

A Message from the President 4

Student Life Highlights

Alumni Relations

Awards Night

Buddy and Exchange

Business Week



Cavalier



Elections

Executive Mentor Program

External Conferences

Frosh

Grad Dinner

Ignite! .


International Student Association of Sauder

JDC West

Me Inc.

POITS

Prospectus

Social Committee


Style and the City

CUS Financial Statements:Guide to Financial Statements

Financial Statements

Statement of Operation

CUS Team:CUS Directory

Annual Report Credits

The Commerce Undergraduate Society (CUS) has been through another very successful year providing Sauder stu-

dents a series of involvement and networking opportunities both on and off campus. We would like to extend our most sincere gratitude to the CUS team of executives and directors. The team made its primary goal to cut unnecessary costs while maintaining excellent service.

The main purpose of this report is to reflect on our accomplish-ments throughout the year and carry forward our successful strategies to the next school year. Furthermore, this report will allow us to investigate areas of potential improvement and allo-cate our society’s capital in an effective manner to further enhance students’ experiences at Sauder.

As highlighted in the Student Life section, the CUS has over 30 student driven programs, providing Sauder students a variety of opportunities and experiences. These programs and services only consume approximately half of the total CUS budget. Thus, the CUS may have a much larger potential than previously perceived. If you are a student reading this report and are interested in what the CUS has to offer, please take the opportunity to show your support and contribute by partaking in any of the student coun-cils or programs of your interest to organize events, attend one of our events, or exercise your entrepreneurial spirit and bring your new ideas to the CUS leadership. With the opportunities pro-vided by the CUS, the growth of your knowledge and your career is unlimited.

Overview


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The Commerce Undergraduate Society has had a very success-ful past year, providing many opportunities for students to

get involved and grow professionally, academically, and personally.

Over the past year, new initiatives have been brought forward to provide more value to students. A merchandising manager posi-tion was introduced, Enterprize was revived, and our other strong array of services has continued to provide resources that our constituents needs.

At our current standpoint, CUS members put on 7 conferences, manage over 50 services, with over 900 students involved in making these things happen. Last year we funded 10 national and international case competition teams, subsidized students $27,419.52 for external conferences, and gave $110,000 in funding to special Sauder student projects and initiatives taking place across the world. We are proud to be one of the most engaged and active Commerce student societies in Canada and North America.

This year, we will be focusing our attention on key strategic issues relevant to the Society. We are looking to review our Board governance structure to bring more accountability and long term strategic vision to the organization. We are also looking to identify potential levers to increase CUS-operated student space on campus. In another exciting development, we will also start pav-ing the foundation for Sauder to host JDC West 2013, bringing the competition back home to where it began 7 years ago.

Overall, we are excited for the year ahead and encourage you to get engaged with what the CUS has to offer!

Sincerely,

Johannes Rebane

A Message from the President

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Student Life HighlightsA Message from the President


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This past year, co-chairs Alice Huang and Angelica Yao planned and executed a flawless

Awards Night. Featuring a three-course meal and live entertainment this year’s Awards Night was indeed one of the best, captivating the interest of over 200 students, staff, faculty, and sponsors. Congratulations to the recipient of the coveted Top Club Award: UBCMA!

As conferences have never been formally evaluated under Awards Night, this year’s co-chairs, Nicho-las Liu and Caroline Yao, have decided to imple-ment the Top Conference Award. The winner of this unprecedented award will be determined through a pre-defined evaluation process, includ-ing an assessment of the conference’s workshop, speakers, and quality of amenities. Aside from this new initiative, the Awards Night team will be continuing its tradition of evaluating with equal-ity, transparency, and without bias.

Awards NightAlumni Relations

There are more than 30,000 people around the world who share the common bond of a Sauder

degree. Last year, the Alumni Relations team worked closely with the Sauder Business Club of Vancouver and with the Development and Alumni Engagement office in an effort to engage both present and past students. Through its annual event, TASTE, featur-ing wine and networking, alumni are given an op-portunity to reconnect with each other, meet the fresh young minds of Sauder, and strengthen their ties with the UBC business community. At the same time, this event is a valuable chance for current students to reach out to alumni and tap into their wealth of experience.

The number of participants for TASTE has grown ten-fold since its initiation, with excellent feedback from both participant groups. The Alumni Relations team hopes to continue this trending success by offering several new mini-events this year, and through partner-ing with the Vancouver Business Club to give students even more avenues to contact alumni.

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Buddy & Exchange/Global Connect

With a welcome event and a social event for each term, Buddy & Exchange allowed exchange

students to ease into the Sauder lifestyle. Although Buddy & Exchange was a great success, one piece of advice for the upcoming year’s chair would be to al-locate higher expenses towards events, as it is easy to underestimate the number of attendees.

Starting this year, Buddy & Exchange is getting a fresh makeover with a new name, Global Connect, as well as a new logo, while continuing to offer Sauderites opportunities to connect with students from around the globe. With the budget set as realistic as possible, Global Connect will be focusing on business events as well as social ones; one of the many initiatives will be a workshop for resumes, cover letters, and networking skills to allow exchange students a better understand Canadian business.

Business Week

The Business Week 2010 took several different ap-proaches compared to the previous years. Using

the newly renovated building to their advantage, the team used it as an advertising tool, putting posters in all the glasses of the CA hall. Also, in attempt to increase student traffic, the team strategically located the club booths on one street, Main Mall. As a result of this initiative, the turnout rate was very high and thus the clubs received a very high number of memberships over the week. Furthermore, in order to cover the costs of the events hosted by Business Week, the team suc-ceeded in obtaining three Gold sponsorships ($1,000 each) and one Silver sponsorship ($700). Along with the day events every day of the week, this year’s team hosted a few night events, Beer Garden and Poker Night. All in all, the Business Week committee has put in tremendous effort over the summer to ensure a very successful week. Thanks to their hard work, the stu-dents had an opportunity to learn more about various CUS services and clubs while enjoying their first week back to school.


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Last year, 65 leaders of the Campus Ambassador Program successfully made the UBC BCom

experience even better-known to high schools in the Greater Vancouver Area; they mentored the soon-to-be Sauderites and helped them learn more about both the academic as well as the extra-curricular aspect of the university life of a typical Sauder student.

This year, as the operation of the Campus Ambassador Program requires little expenses, most of the budget will go towards what Sauderites do best: looking good while excelling at their jobs; each volunteer will receive a t-shirt to represent the Campus Ambassador Pro-gram. In addition, CAP is in the midst of an expan-sion, reaching out to more schools and revising their presentation to reflect a more personal and in-depth feel of what life at Sauder is like. With an enthusiastic executive team on deck, CAP is a perfect way to get involved. Applications for presenters will be available in September –share your love for Sauder by reliving your experiences to local high school students!


We cannot agree more with Chris Woo, cur-rent president of CCC, when he stated, “Case

competitions are a really important part of the Sauder experience, and many students only start to under-stand its value starting third or fourth year.” The CCC allows students to develop their skills early so that they can become more involved with higher-level case competitions, such as JDC West. Last year, the CCC initiated four workshops and two practice case com-petitions for students with little or no experience. The CCC also collaborated with KPMG for the KPMG Crack the Case Competition, which catered to first and second year students. This year, we will be hearing more from the CCC, as they plan to collaborate with the Accounting Club to create accounting-specific cases and with the Consulting Club for the West Coast Case Competition.

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Cavalier

The Cavalier is the official newspaper of the Com-merce Undergraduate Society. While their at-

tention was previously on lifestyle pieces, the Cavalier team has decided to shift their focus to publishing timelier, business-oriented news in an enlightening manner. The Cavalier team strives to engage the Saud-er Community, as well as other UBC students, who are interested in the business world. The highlight will be mainly on campus, community, culture and commerce news, with an increasing emphasis on campus-wide communication. The majority of Cavalier’s budget will go towards the publishing of articles, marketing cam-paigns and team building activities.


Thanks to Commerce Community Program (CCP), Sauderites are able to show that we are

more than just business. Indeed, we are well rounded, community-minded citizens.

This year, CCP will continue to provide students with opportunities to make a positive impact in our society through their annual events: 5 Days, Urban Dash, Murder Mystery, and Building Success. In addition, the determined CCP team is striving to organize a new, large-scale event to further raise money towards charity, as well as to invite speakers from non-for-profit organizations to inspire and motivate Sauder students. As one of the largest committees within the CUS Services Council, CCP offers numerous posi-tions – be on the lookout for postings on ccp.cuson-line.ca!


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The CMP team traditionally does two things: First, they facilitate the bonding between senior and

junior commerce undergraduates through a mentor-ship system. Second, they help transition new students into the university workload by providing free tutori-als for difficult junior-level commerce courses, such as financial accounting and managerial economics. Last year, under the leadership of Jon Sze and Elaine Hung, CMP was able to pair up 40 mentors and mentees, as well as organize CMP tutorials for over 100 students. The team also started designing online videos custom-ized to supplement commerce classes. This year, a vari-ety of different projects are continuing to be developed as the team collaborates with the Canaccord Learning Commons staff and the Undergraduate Office team to provide the best possible services to support second year academics. Expect to see these videos and four new mentorship-bonding events soon!

Elections

The CUS Elections in 2010/2011, held the most competitive election for the position of President

in the CUS. With some of the most outstanding students running for President, CUS Elections had one of the best voter turnouts in CUS history. Out of a total of 2850 eligible votes, 1100 were cast by the CUS, marking an enormous 38.6% turnout.

The mission for the CUS Elections this upcoming year is to unify the candidates’ promotional materials onto one platform. Maria Sun, the Elections officer, plans to create a website where every candidate can submit contents for their own page. This will allow students to view each of the candidate’s stances on subjects and their other promotional materials, such as videos and posters, in one place. She believes that with one platform, it will be easier for students to compare the candidates based on their ideas.

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Executive Mentorship Program

The Executive Mentorship Program (EMP) is now going into its 11th year and will be offering Saud-

er students another fantastic year of valuable mentor relationships. On top of meeting their mentors once a month, there will be various EMP events throughout the year for mentees and mentors to have more op-portunities to meet as well as to network with other mentees and mentors in our program. Once students are accepted into the Executive Mentorship Program, they will attend the Mentee Orientation and Kick-Off Breakfast in October, the Sharing Circle in January, and the Year-End Reception in March.

EMP strives to offer Sauder students high quality ex-perienced mentors in order for mentees to get the most benefit out of the program. Last year, the EMP team paired a record number of 86 professionals with respec-tive students and connected a total of 200 students with real industry professionals. Mentors will be able to help students with any questions they have about their prospective careers and help them navigate their way through the business world. Above that, EMP will continue to pair mentees and mentors carefully to ensure that they get along and maintain a friendship long after the program is finished.

External Conference

As business students, we aspire to not only excel in an academic environment, but to extend our

networks and our experiences internationally. Exter-nal Conferences at UBC recognizes the significance of Sauder students graduating with a global perspective, and operates to facilitate student participation in these events.

Business schools and professional organizations around the world host conferences annually to en-courage these types of intellectual exchanges, which

are rewarding and insightful for both the industry experts and the students involved. Last year, 67 stu-dents went to conferences away from UBC with the help of ExCo – many of whom otherwise could not have afforded the trip. Feedback from those students has been nothing short of “life-changing” and “ex-tremely valuable”, having engaged with professionals they wouldn’t have been able to meet and speak with at UBC. This year, ExCo has an exciting campaign waiting to be revealed, which will raise awareness and give even more students the chance to make a differ-ence in their own undergraduate education.


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Frosh

Frosh 2010 involved 385 incoming Sauderites led by 70 leaders and an executive team of 12. Compared

to last year, there was a larger focus on the social aspect of Sauder, as opposed to the academics. There were less informational sessions and more interactive games revolving around Frosh’s Mashups theme. Despite the large expenses on accommodation and entertainment, students enjoyed their stay at the Sandman Hotel and positive feedback was given regarding the value of ser-vice received from the River Rock casino. The week-end ended with an exceptional performance by a guest DJ flown in from California. In all, Frosh 2010 served as an unbelievable introduction to Sauder for incoming students.

Grad Dinner

Grad Night 2011 was a huge success! Having taken place on April 2nd at the Pan Pacific Hotel, Grad

Night gave over 300 graduates an unforgettable eve-ning with a delicious three-course meal and an improv performance by Theatre Sports. This amazing night then concluded with drinks and dancing at Smiley’s Public House. Lastly, we are proud to announce that the Sauder Grad Class of 2011 raised $2,000 for the Canadian Cancer Society.

In the upcoming year, Tori Hayes, the Grad Chair, is excited to plan more than one memorable evening for the graduates of 2012. Along with the traditional Graduation Dinner, she plans to host a more casual event in November to acknowledge the December graduates as well. The graduation dinner will be held at the end of March before exams begin and a portion of ticket sales will be donated to charity. In November, this event will be open to all students enrolled in third year and above, so that all December and May gradu-ates are able to attend along with peers who shared their Sauder experience with them.

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Ignite!

Ignite! 2010 was yet another a great success and came under-budget. With the help of the Corporate Rela-

tions team, they were able to obtain new sponsorship from Sun Life, further enriching students’ experiences at the conference. The main hurdle the team overcame was marketing. Ticket sale was difficult this year due to the constructions and therefore, the team had to rely on word of mouth and social networking sites. Even with such difficulty, the Ignite! team still succeeded in reaching out to the students and sold approximately 190 tickets. All of those who attended the conference


This year, the International Business Conference was successfully hosted in November at Hyatt

Regency Hotel in downtown Vancouver. Having allo-cated more funding for the first week of promotions at UBC, the team was able to obtain contact information of more than 500 students to promote the main event, which is is 70% above the number from 2009. All in all, the Sponsors were more than satisfied with the work IBC has done in promoting international busi-ness opportunities to students, as well as creating more exposure for the sponsors. Overall, participants were satisfied with the conference, although some wished that the presentations during the conference were less company-based.

had an opportunity to network with representatives from various companies and learned more about their possible career paths. According to the chairperson and vice-chair, organizing

Ignite! was certainly an exciting opportunity to not only work with the executive team and see the event unfold, but also to network with professionals at a more intimate level.


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International Student Association of Sauder (ISAS)

With a newly redesigned logo, ISAS began the 2010/2011 school year by hosting an Ice Cream

Social for international students. Over 100 students participated in this free event, where international students had the opportunity to mix and mingle with one another. President Erica Li, along with her hard-working executive team and mentors, organized several events with the goal of “helping international students feel as though they were at home.” ISAS hosted two important dinners for international students: Thanks-giving Dinner and Christmas Banquet, with each having over 50 students attending. In particular, the Christmas Banquet, called La Nuit à Paris, even had ballroom dancing following the candlelit dinner. All in all, ISAS has successfully branded its name and has made a positive, lasting impression on the international Sauder students.

For the upcoming year, ISAS is excited to start sev-eral new initiatives within Sauder and UBC. Beside their social events, ISAS will place a large emphasis on

JDC WEST

JDC West is the largest, three day, student-run business competition in Western Canada. It

involves academic competitions, athletic challenges and a social competition. Every year, JDC West recruits the best business students to form a Sauder Team. This year, the competition took place in Saskatchewan. Our team of Sauderites achieved 1st Place in various categories, which include Athletics, Debate, Finance, Entrepreneurship, and Interna-tional Business. They came 2nd in Tax and took 3rd Place in Non-for-Profit Strategy. Overall, Team Sauder was awarded the honour of Academic School of the Year and Overall School of the Year at JDC West business competition in Western Canada.

academic-related and career-related events. They will be expanding on their annual Careers Night, as well as creating workshops that are essential to international students. ISAS will also be incorporating philanthropic aspects to the club, such as fundraising for charities and volunteering at local non-profit organizations.

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Me Inc.

Sponsored by the Big Four and all three accounting designations for a total of $17,500, Me Inc. is one of Sauder’s largest confer-

ences. The conference connects students to business professionals from all areas of business and inspires students to find the crossroads between their passions and career. Last year, Me Inc. hosted three pre-conference events to help junior students better plan their senior undergraduate years. Life-Pilot helped students learn how to pri-oritize their lives, based on their personal values, so they can strike a perfect work-life-school balance; Amplify introduced Go Global and the Sauder Co-op program to many first and second years; Option Open House informed over 100 junior undergraduates about the different commerce options. The actual conference itself saw over 235 attendees, 2 keynotes and over 130 business luncheon delegates. Both students and professionals rated the conference an average 9 out of 10, with sponsorship managers from Ernst and Young praising the team’s excellent performance. This year, the team will maintain Me Inc.’s excellent events, except Amplify, which will be expanded to inform junior students about involvement opportuni-ties within Sauder. Keep a lookout for these great workshops and this amazing conference next year!


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POITS

POITS had another amazing year, providing students with cheap beer and a place for the Sauderites to do

what they do best— party! This year, the POITS team took initiative to increase the frequency of events up to 300%. Last year, there were only two events per term, and this year they have increased it to seven per term. Also, the POITS team was able to obtain new spon-sorship from Windows 7 and Vitamin Water, making the attendees’ Friday nights much more exciting. Due to marketing and a secured party place (the CA Hall), the event grew in size, accommodating approximately 150 to 160 people per event. According to the chair of POITS, the credit for the success of POITS this year should be given to the flat internal structure of the POITS team and the dedicated team members, which have made communication easier and faster.

Prospectus

This year the prospectus team was able to yield a higher revenue stream from many companies,

which endorsed ad space in the Sauder prospectus. Costs were also lowered due to better projection of the quantity required this year. A total of 2600 agendas were ordered and no extra rushed orders had to be made. Through word of mouth feedback from stu-dents, peers, and previous editors, the prospectus has satisfied expectations and has proven to be popular. For the upcoming year, the prospectus team will strive to project an even more precise quantity estimate to further decrease discrepancy and prevent extra orders. It is also the team’s goal to exceed its current perfor-mance by improving communication with the inter-nal CUS to be more efficient in collecting executive and service council profiles. Thanks to the prospectus team’s efforts, we never have to fret over our upcom-ing agenda of important deadlines, networking events, or team meetings!

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Social Committee

The Social Committee (SOCO) has always been about making sure that school does not

get in the way of work-life balance. Last year, Lisa Andrews and the SOCO team organized major social events including a Ski Trip to Sun Peaks, Mr. Sauder, and ASP. The events were a huge suc-cess due to thorough planning by SOCO, subsi-dies from the CUS, and a more involved student faculty. This year, SOCO will be continuing the tradition of amazing social events, including an old Sauder classic, Smashball. However, this year's ski trip will be at a more exclusive location, Manning Park, where students will be staying in 8-person cabins.

Style & the City

Last year, the Style and the City conference took place on March 3, 2011, at Four Seasons Hotel. The con-

ference put emphasis on individual as well as industry branding, teaching the attendees how to effectively build their own individual brand. As usual, the successful night concluded with a fashion show, featuring business attire ranging from business casual to black tie formal.

The majority of this year’s Style and the City budget will go towards putting together yet another great conference. This year's conference, however, will have a theme of "En-trepreneurial Branding," highlighting stories of how young professionals and start-ups create their personal brand. Along with this added theme, Style and the City will be the conference to attend, as students will be able to interact with over 50 business professionals during the added net-working session. In addition, Style and the City will offer two mini events to the students, keeping them informed about the importance of branding in their future careers.

Stay tuned for Style and the City's various initiatives and save the date: March 29, 2011— Style and the City will be at the Four Seasons Hotel in Vancouver!


There are very few programs in Sauder that offer students industry specific training, and of those

programs, there are even fewer that have received na-tional recognition. The Strategy Consulting Mentor-ship Program (SCMP) is designed to nurture top tier Sauder students who are passionate about a career in consulting, to rise above competition and succeed in their pursuit. The number of students hired after coming out of this program has increased year to year, and two new firms have signed up to work with SCMP this year as a result of the superior quality of graduates. Program alumni give back to the Sauder community by returning as mentors, and internal evaluations are done on an ongoing basis by the team to maintain its reputation as the most successful program in North America at landing students jobs in strategy consulting.


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Unaudited Financial StatementsSauder School of Business

Commerce Undergraduate SocietyUniversity of British Columbia

For the year ended April 30th, 2011

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Guide to the Financial Statements

The financial statements are consolidated to show Commerce Un-dergraduate Society’s sources of revenue and expenditure. These

statements are not in accordance with GAAP and are intended for internal and analytical uses only.

To assist readers’ comprehension, the financials have been segregated into the following categories: funding, administrative, directors, stu-dent councils, services, clubs, business career centre, and others. This categorization will allow readers to evaluate the performance of the entities within the CUS by means of comparing the actual and bud-geted figures. In addition, readers will be able to easily compare the net expense amounts of the different entities of the CUS.

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Commerce Undergraduate SocietyFinancial ReportFor Year Ended April 30th, 2011

Funding Revenue Expense Closing Revenue Expense Closing

Student Fees 744,800.00$ -$ 744,800.00$ 743,064.00$ -$ 743,064.00$

Early Grad / Coop Refund -$ 12,000.00$ (12,000.00)$ -$ 7,133.00$ (7,133.00)$

Vending Revenue -$ -$ -$ 2,047.97$ -$ 2,047.97$

Sponsorship 69,975.00$ 18,006.40$ 51,968.60$ 92,689.96$ -$ 92,689.96$

Miscellaneous -$ -$ -$ 24,487.60$ 52,455.92$ (27,968.32)$

TOTALS 814,775.00$ 30,006.40$ 784,768.60$ 862,289.53$ 59,588.92$ 802,700.61$

Administrative Revenue Expense Closing Revenue Expense Closing

Business Cards 6,000.00$ 10,500.00$ (4,500.00)$ 5,789.35$ 10,372.78$ (4,583.43)$

Credit/Debit Card Costs -$ -$ -$ -$ 7,506.65$ (7,506.65)$

Office Supplies -$ 500.00$ (500.00)$ -$ 680.82$ (680.82)$

Telephone -$ 1,500.00$ (1,500.00)$ -$ 1,293.80$ (1,293.80)$

TOTALS 6,000.00$ 12,500.00$ (6,500.00)$ 5,789.35$ 19,854.05$ (14,064.70)$

Executives & Board of Directors Revenue Expense Closing Revenue Expense Closing

Board of Directors -$ 4,000.00$ (4,000.00)$ -$ 6,442.49$ (6,442.49)$

Council Retreats -$ -$ -$ -$ 7,452.16$ (7,452.16)$

Executive Council -$ 1,200.00$ (1,200.00)$ -$ 916.88$ (916.88)$

Roundtable -$ 4,000.00$ (4,000.00)$ -$ -$ -$

WCLR -$ 1,200.00$ (1,200.00)$ -$ -$ -$

National Business School Conference -$ 3,000.00$ (3,000.00)$ -$ -$ -$

First Year Council -$ 2,500.00$ (2,500.00)$ -$ 3,985.52$ (3,985.52)$

Second Year Council -$ 2,500.00$ (2,500.00)$ -$ 4,712.69$ (4,712.69)$

TOTALS -$ 18,400.00$ (18,400.00)$ -$ 23,509.74$ (23,509.74)$

Directors Revenue Expense Closing Revenue Expense Closing

Corporate Relations -$ -$ -$ -$ 13,678.39$ (13,678.39)$

Financial Services -$ 400.00$ (400.00)$ -$ 336.51$ (336.51)$

Human Resources -$ 550.00$ (550.00)$ -$ -$ -$

IT (Registration System) -$ 6,000.00$ (6,000.00)$ -$ 958.72$ (958.72)$

Sustainability 1,100.00$ 5,528.00$ (4,428.00)$ 110.00$ 4,821.95$ (4,711.95)$

TOTALS 1,100.00$ 45,278.00$ (44,178.00)$ 110.00$ 60,372.56$ (60,262.56)$

Student Council Revenue Expense Closing Revenue Expense Closing

Admissions Forums -$ -$ -$ -$ 121.80$ (121.80)$

APT -$ 125.00$ (125.00)$ -$ 240.00$ (240.00)$

Alumni Relations 1,100.00$ 14,335.00$ (13,235.00)$ -$ 1,656.37$ (1,656.37)$

Athletics (Sports) 3,290.00$ 9,245.00$ (5,955.00)$ -$ 8,166.77$ (8,166.77)$

Awards Night -$ 26,438.93$ (26,438.93)$ -$ 21,607.08$ (21,607.08)$

Buddy & Exchange -$ 2,700.00$ (2,700.00)$ -$ 2,259.04$ (2,259.04)$

Business Week 760.00$ 6,716.68$ (5,956.68)$ 621.61$ 8,947.75$ (8,326.14)$

Campus Ambassador -$ 1,566.00$ (1,566.00)$ -$ -$ -$

Canadian Investing Conference (CIVC) -$ -$ -$ 5,000.00$ 19,857.24$ (14,857.24)$

Case Competition Club 1,000.00$ 17,550.00$ (16,550.00)$ -$ 21,666.67$ (21,666.67)$

Cavalier -$ 5,810.00$ (5,810.00)$ -$ 4,107.79$ (4,107.79)$

Class Liaison -$ 500.00$ (500.00)$ -$ 160.00$ (160.00)$

Collegiate Sports Business Conference -$ -$ -$ -$ 1,061.53$ (1,061.53)$

Elections -$ 1,744.00$ (1,744.00)$ -$ 2,402.12$ (2,402.12)$

External Conferences -$ 40,258.25$ (40,258.25)$ -$ 27,419.52$ (27,419.52)$

Frosh 61,600.00$ 114,593.19$ (52,993.19)$ 62,851.00$ 114,968.48$ (52,117.48)$

Grad Dinner 21,600.00$ 41,000.00$ (19,400.00)$ 31,448.45$ 47,812.71$ (16,364.26)$

International Business Conference -$ -$ -$ 2,640.00$ 36,166.85$ (33,526.85)$

Ignite! Conference 7,000.00$ 33,543.83$ (26,543.83)$ 7,790.00$ 29,014.12$ (21,224.12)$

ISAS 1,900.00$ 5,510.00$ (3,610.00)$ -$ 3,378.73$ (3,378.73)$

ACTUALBUDGETED

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JDC West - Sauder Team 18,550.00$ 65,713.00$ (47,163.00)$ 12,000.00$ 62,249.04$ (50,249.04)$

Me Inc. 8,000.00$ 33,598.68$ (25,598.68)$ 4,920.00$ 31,591.12$ (26,671.12)$

POITS 12,212.00$ 12,297.50$ (85.50)$ 6,427.00$ 17,849.99$ (11,422.99)$

Prospectus -$ 23,738.00$ (23,738.00)$ -$ 21,325.65$ (21,325.65)$

Sauder Squad -$ 500.00$ (500.00)$ -$ 745.85$ (745.85)$

Snack Bar -$ -$ -$ -$ 1,431.05$ (1,431.05)$

Social Committee 19,940.00$ 28,855.00$ (8,915.00)$ 13,500.00$ 28,760.56$ (15,260.56)$

Style and the City 8,400.00$ 27,774.12$ (19,374.12)$ 2,830.00$ 20,894.66$ (18,064.66)$

Visual Media -$ 972.38$ (972.38)$ -$ 203.65$ (203.65)$

Yearbook18,675.00$ 28,746.24$ (20,071.24)$ 4,834.90$ 413.96$ 4,420.94$

TOTALS 174,027.00$ 543,830.80$ (369,803.80)$ 154,862.96$ 536,480.10$ (381,617.14)$

Services Revenue Expense Closing Revenue Expense Closing

Commerce Community Programs 26,290.00$ 32,013.40$ (5,723.40)$ 15,484.54$ 20,664.27$ (5,179.73)$

Commerce Mentorship Program -$ 9,560.00$ (9,560.00)$ -$ 3,416.33$ (3,416.33)$

Executive Mentoring Program 1,740.00$ 14,730.09$ (12,990.09)$ 1,440.00$ 12,753.17$ (11,313.17)$

Strategy Consulting Mentorship Program -$ 6,700.00$ (6,700.00)$ 25,000.00$ 25,128.81$ (128.81)$

Social Entreprenurialship 101 -$ 3,000.00$ (3,000.00)$ -$ -$ -$

UGO Orientation Program -$ -$ -$ -$ 201.59$ (201.59)$

Brand Management Program -$ 6,800.00$ (6,800.00)$ -$ 8,595.21$ (8,595.21)$

TOTALS 28,030.00$ 72,803.49$ (44,773.49)$ 41,924.54$ 70,759.38$ (28,834.84)$

Clubs Revenue Expense Closing Revenue Expense Closing

Club Grant -$ 11,000.00$ (11,000.00)$ -$ 13,000.00$ (13,000.00)$

Membership Subsidy -$ 1,500.00$ (1,500.00)$ -$ 1,500.00$ (1,500.00)$

Top Club/Runner-up Awards -$ 1,500.00$ (1,500.00)$ -$ 500.00$ (500.00)$

TOTALS -$ 14,000.00$ (14,000.00)$ -$ 15,000.00$ (15,000.00)$

BCC Revenue Expense Closing Revenue Expense Closing

BCC Contribution -$ 140,000.00$ (140,000.00)$ -$ 140,000.00$ (140,000.00)$

TOTALS -$ 140,000.00$ (140,000.00)$ -$ 140,000.00$ (140,000.00)$

Others Revenue Expense Closing Revenue Expense Closing

Mailout -$ 1,200.00$ (1,200.00)$ -$ -$ -$

Newspaper -$ 3,000.00$ (3,000.00)$ -$ 2,654.40$ (2,654.40)$

Special Projects -$ 100,000.00$ (100,000.00)$ 1,700.00$ 109,537.39$ (107,837.39)$

Safety Buffer -$ 50,000.00$ (50,000.00)$ -$ -$ -$

Video Production -$ -$ -$ -$ 20,978.94$ (20,978.94)$

Random Acts of the CUS -$ 10,000.00$ (10,000.00)$ -$ -$ -$

TOTALS -$ 164,200.00$ (164,200.00)$ 1,700.00$ 133,170.73$ (131,470.73)$

CLOSING SURPLUS (DEFICIT) 1,023,932.00$ 1,041,018.69$ (17,086.69)$ 1,066,676.38$ 1,058,735.48$ 7,940.90$

Note:1

Large discrepancy between budgeted and acutal amount is due to transactions not yet recorded by the year-end

22

Commerce Undergraduate SocietyStatement of OperationsFor Year Ended April 30th, 2011

2010 2011

Revenue Budgeted Actual Budgeted

Student Fees 744,800.00$ 743,064.00$ 778,316.00$

Vending Revenue -$ 2,047.97$ -$

Sponsorship 69,975.00$ 92,689.96$ 72,695.00$

Miscellaneous -$ 24,487.60$ -$

Business Cards 6,000.00$ 5,789.35$ 5,000.00$

Sustainability 1,100.00$ 110.00$ 1,250.00$

Alumni Relations 1,100.00$ -$ -$

Athletics (Sports) 3,290.00$ -$ -$

Business Week 760.00$ 621.61$ 2,691.50$

Canadian Investing Conference (CIVC) -$ 5,000.00$ -$

Case Competition Club 1,000.00$ -$ 1,250.00$

Commerce Community Programs 26,290.00$ 15,484.54$ 22,720.00$

Enterprize -$ -$ 105,648.00$

Executive Mentoring Program 1,740.00$ 1,440.00$ 1,700.00$

Frosh 61,600.00$ 62,851.00$ 70,950.00$

Global Connect1

-$ -$ 600.00$

Grad Dinner 21,600.00$ 31,448.45$ 34,890.00$

Ignite! Conference 7,000.00$ 7,790.00$ 9,415.00$

International Business Conference -$ 2,640.00$ 6,450.00$

ISAS 1,900.00$ -$ 825.00$

JDC West - Sauder Team 18,550.00$ 12,000.00$ 23,850.00$

Me Inc. 8,000.00$ 4,920.00$ 8,700.00$

POITS 12,212.00$ 6,427.00$ 25,650.00$

Social Committee 19,940.00$ 13,500.00$ 10,800.00$

Special Projects -$ 1,700.00$ -$

Strategy Consulting Mentorship Program -$ 25,000.00$ -$

Style and the City 8,400.00$ 2,830.00$ 7,850.00$

Sustainability 1,100.00$ 110.00$ 1,250.00$

Yearbook 8,675.00$ 4,834.90$ 9,000.00$

TOTALS 1,025,032.00$ 1,066,786.38$ 1,201,500.50$

23

2010 2011

Expenses Budgeted Actual Budgeted

Funding 30,006.40$ 59,588.92$ 18,800.12$

Administrative 12,500.00$ 19,854.05$ 8,500.00$

Executives & Board of Directors 18,400.00$ 23,509.74$ 29,000.00$

Directors 45,278.00$ 60,372.56$ 18,743.73$

Student Councils 543,830.80$ 536,480.10$ 739,397.16$

Services 72,803.49$ 70,759.38$ 61,744.92$

Club Subsidies 14,000.00$ 15,000.00$ 12,000.00$

Business Career Centre 140,000.00$ 140,000.00$ 140,000.00$

Others 164,200.00$ 133,170.73$ 142,114.57$

TOTALS 1,041,018.69$ 1,058,735.48$ 1,170,300.50$

1. Global Connect was previously named 'Buddy and Exchange'


24

Board of DirectorsPresident

Senator

AMS Representative

1st Year Representatives

2nd Year Representatives

3rd Year Representatives

4th Year Representatives

Connor McGauley

Chad Embree

Dylan Callow

Jordan HuangVeronica ChoNikolay Mal’tsevTimothy TongDaria PanteleevaMoses Gatonye RichuPia GhoshMichael MollPrina PachchigarTom Dvorak Lucas LemanowiczMichelle Wang

VP Academic

VP Engagement

VP External

VP Finance

VP Internal

VP Marketing

Ombudsperson

Jeff Geng

Niki Babic (Executive Council Rep)Jack Leung

Michael Wang

Sharlene Cheu

Paulina Aksenova (Executive Council Rep)Jesse Xin

Alumni Relations Director

Appointment, Promotions, & Tenure Represetative

Awards Night Coordinator

Buddy and ExchangeCoordinator

Business Week Coordinator

Campus Ambassador ProgramCoordinator

Case Competition Coordinator

Cavalier Editor

Class Liaison Coordinator

Commerce Community ProgramDirector

Corporate Relations Director

Laura Brand(Service Council Rep)Jason Sunaryo

Alice HuangAngie YaoDaniel Chow

Julie Shin

Larissa Rogowsky

Derek Li

Pamela Yuen

Negar Amiri (Service Council Rep)Elaine HungJon SzeEdward Yan

CUS Executive Council CUS Service Council

CU

S D

irect

ory

25

Laura Brand(Service Council Rep)Jason Sunaryo

Alice HuangAngie YaoDaniel Chow

Julie Shin

Larissa Rogowsky

Derek Li

Pamela Yuen

Negar Amiri (Service Council Rep)Elaine HungJon SzeEdward Yan

CUS Service Council

Elections Officer

Events and Calendar Director

Executive Assistant

Executive Mentorship Program Director

External Conferences Coordinator

Financial Services Director

First Year Coordinator

Frosh Coordinator

Grad Chair

Human Resources Director

Internal Affairs Director

International Business Conference Chair

Ignite! Conference Chair

ISAS President

JDC Captain

Me Inc Chair

POITS Director

Prospectus Editor

Sauder Sports Coordinator

Sauder Squad Captain

Second Year Coordinator

Social Coordinator

Style and the City Chair

Sustainabitliy Coordinator

Visual Media Coordinator

Yearbook Editor

Jenny Zhou

Annie Wang

Kaylee Astle

Nik Cheng

Kelvin Choy

David Lam

Graham Russell

Sunny HahmCole NakataniBrian Kwok

Angie Yao

Elaine Hung

Aidan MillerKiel YuMelissa Jang

Erica Li

Robert Harmer

Grace Cheung

Josh Wood

Daryll Sy

Farhaz Kassam

Sonal Haria

Kyle Hogg

Lisa Andrews (Service Council Rep)

Parm Gill Eshleen PanatchJordan BaimelGrace WongKerrl Mak

Raheem Aziz


26

CreditsFinance Commission Staff 2011-2012

Financial Reporting

Senior Financial Reporting Officer Ally Chang

Senior Financial Reporting Officer Alan Lio

Financial Reporting Officer Cindy Wang

Financial Reporting Officer Michael Tsui

Financial Reporting Officer Nick Liu

Financial Reporting Officer Clementina Tai

Information Support

VP Finance David Lam

Financial Services Director Cindy Lynn

ubc commerce undergraduate society annual report · ubc commerce undergraduate society . annual...

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