We are delighted to share the GPSC budget for FY18 (July 01, 2017 through June 30, 2018) which was approved at our general council meeting on Monday, April 3rd. The budget reflects a shift in our focus and priorities to where it should be: YOU. The budget also echoes the result of some of our advocacy efforts this year which led to significant increases in the GPSC revenue sources and expansion of our services, especially our flagship program, The GPSC Travel Grant Program.
Our total revenue source for FY18 is $957,500.00, which is almost $150,000 more than the current fiscal year’s revenue (FY17). We recently secured a one-time funding of $100,000 in additional funds for FY18 in addition to funding from the Student Services Fee Advisory Board (SSFAB), which is $194,000 for FY18. Both funding sources will be used for the expansion and maintenance of the Travel Grants Program. Furthermore, we secured a $300,000 yearly funding for our Travel Grants Program to begin as of FY19 (July 01, 2018). The $300,000 funding is a permanent and renewable source of funding, and will be subject to a five-year review (to occur in FY23). For the third year in a row, our revenue source will include a $100,000 childcare subsidy grant for students with family, which is administered in partnership with Life and Work Connection office. We have also maintained, and in some cases, increased the yearly funding that we receive from a number of other sources including the Graduate College, Bookstore, Residence Life, Confluence Center, Dean of Colleges and the VP of Research.
Read the full summary here.