Financial Statement 2009

2009 Financial Summary:

REVENUE

 

Operating

10,892,458

Student fees and levies

3,858,627

Amortization of deferred contributions                    

1,792,589

Interest

84,640

Donations

15,764
 

16,644,078

 

 

EXPENDITURES

 

Cost of
providing services

4,230,001

Salaries

4,593,048

Operating

3,034,168

Interest

264,684

Amortization

642,426

Building operation

308,872

Student Services

2,271,647

Donations from
restricted funds

274,580
 

15,619,426
   
Complete 2009 Financial Report  
 
     
     
 

2009 Operational & Financial Overview

University of Calgary Students’ Union

Of the Students’ Union approximate $16.5 million operating budget (2008), about $3.7 million of this revenue is received from student fees. This ratio changes yearly depending on the number of students enrolled in the university, but remains one of the lowest fee/levy to service/revenue of student organizations in Canada.

The majority of our revenue is generated through several successful business ventures, including:

  • MacEwan Conference & Events Centre;
  • Successful used bookstore/copy centre and convenience store;
  • Popular bar/restaurant/nightclub operation;
  • MacEwan Hall – our premiere concert venue for mid sized acts;


The SU employs approximately 55 full-time and up to 200 part-time employees, with an additional 200 - 300 volunteers who assist in many student programs.