tjhorton@csri.toronto.edu (Tim Horton) (03/29/88)
Remember to vote Tuesday and Wednesday on the GSU fee referendum question:
"Do you approve of a GSU fee increase of $13.00 per fulltime
graduate student ($6.50 for part-time) beginning in the 1988/89
academic year with cost-of-living increments in subsequent years.
"The cost of living increase would be determined by a vote of
the GSU General Council. The amount would be equal to or less than
the increase in the Statistics Canada annual Consumer Price Index
up to a maximum of 5% per year. Council will also have the option
of rejecting any cost of living increase."
Poll Locations:
Robarts Library, 11-4pm
OISE, 12-3 and 5-7:30pm
Med Sci, 11am-4pm
GSU Lobby, noon-9pm
(Erindale and Scarboro - T.B.A)
Note that right now the GSU is about $90,000 in debt.
Part of the debt was incurred as a forgiven loan to the CUEW when it
organized union representation of TA's.
The GSU Bar receives about $20,000 and Sylvester's restaurant receives
about $7,500 in subsidies from the GSU budget each year, meaning that even
if you don't use the restaurant or bar you subsidize them to the tune of
$30,000 a year.
Other student councils across Ontario, notably Wester, Wilfred Laurier,
and Guelph, all now have 4-5% inflation indices built into their student
society fees.
This is the first GSU fee increase in 5 years.
Here's the current year's GSU budget (good luck interpretting):
12 MONTH BUDGET for 1987/88
REVENUE
=======
Fees $342,000 (fees collected with your tuition)
GSU Booksale 9,000
Interest 2,000
-------
$353,000
=======
EXPENSES
========
Departmental Grants $ 56,000 (head grants to departmental unions)
Grad Supp Health Insur 52,000
CFS 43,890 (Canadian Federation of Students)
OPIRG 31,500 (Ontario Public Interest Research Group)
Special Grants 2,000
GSU Exec Officers 19,500
Staff 100,718
Benefits 18,546
Office & General 3,000
Fixed Asset Purch 3,000
Maintenance 1,200
Telephone 2,500
Bank Cha & Int 1,000
Legal & Audit 2,850
Travel & Conf 3,200
Handbook 3,800
Duplication 1,500
Xerox Machine 2,280
Elections 1,000
Council Meetings 900
GSU Insurance 700
Grad Insur Admin 300
Orientation 850
Perio & Subs 400
Sports Comm 500
Women's Caucus 500
Sundry Projects 1,000
-------
$354,634
=======
Net Budgeted Deficit $ 1,634