Finance & Budget Director

From ASUW Wiki
(Difference between revisions)
Jump to: navigation, search
(Quarter by Quarter Guidance)
 
(96 intermediate revisions by 6 users not shown)
Line 1: Line 1:
==Introduction==
+
=Delineated Duties=
Welcome to the positions of Finance & Budget Director of the [[ASUW]].  You have been selected from a pool of highly qualified applicants as the best candidate for performing the duties and upholding the responsibilities of this position.  Herein, you will find a great deal of information dealing with the position and its responsibilities.  I encourage you to read this wiki page in its entirety and refer back to it frequently as you progress throughout the year.  My hope is that it will be a valuable reference and tool for you, helping to guide you through the year.
+
<center>'''ASSOCIATED STUDENTS OF THE UNIVERSITY OF WASHINGTON
 +
<br>BYLAWS OF THE BOARD OF DIRECTORS'''
 +
'''<br>ARTICLE I, SECTION 4'''</center>
 +
<br>
  
==Job Description==
+
The Finance and Budget Director shall:
*Serve as an ex-officio member of the Board of Directors without vote.
+
*Chair the ASUW Finance and Budget committee.
+
*Chair the ASUW Special Appropriations committee.
+
*Complete a Finance and Budget quarterly report for the Fall and Winter Quarters, and submit it to the President by the second week of the following quarter.
+
*Complete and initiate projects as directed by the President.
+
*Attend all regularly scheduled Board of Directors meetings or special Board of Directors meetings unless officially excused by the President or Vice-President.
+
*Maintain accountability for 25 office hours per week, including 20 scheduled office hours during which time the Budget Director’s activities and/or whereabouts are known to the front office staff; (meetings and appointments may be scheduled during this time); the remaining hours shall be utilized to complete projects, schedule meetings and appointments, or otherwise facilitate the work of the ASUW. A schedule of these hours shall be submitted to the Personnel Director by the first week of each quarter.
+
*Keep the ASUW President and BOD informed of ASUW Budget status through regular reports.
+
*Monitor ASUW Commission/Program budgets, identify potential problems and recommend review and action.
+
*Responsible for reviewing all budget requests submitted to the ASUW.
+
*Maintain record of expenditures, fund balances, and ensuring ASUW funds are spent according to appropriate ASUW, University, and State guidelines.
+
*In conjunction with the Finance and Budget Committee, establish guidelines and timelines for annual budgeting process to be approved by the ASUW Board Directors.
+
*Review program/event funding evaluations submitted by groups funded by the Special Appropriations Committee and provide reports to the Finance & Budget Committee and the Board of Directors as needed.
+
*Meet weekly with the Student Activities Office advisor.
+
*Oversee the ASUW annual budgeting process.
+
*Advise the ASUW BOD on all financial matters, including spending priorities, budget process, and financial status.
+
*Meet with ASUW Programs and Net-Zeros to ensure proper execution and implementation of provisions provided in the ASUW corporate budget.
+
*Keep a permanent record of event and program reviews as delineated in the by-laws.
+
*Attend all ASUW training sessions including, but not limited to, ASUW fall orientation.
+
  
==Using Your Assistant==
+
:A. Serve as an ex-officio member of the Board of Directors without vote, and shall be hired by the current Board of Directors through the Personnel hiring process. This individual shall take office with the incoming Board of Directors but shall be responsible for learning the position over Spring Quarter;
  
The single best piece of advice I can give you is: '''USE YOUR ASSISTANT'''.
+
:B. Act as the Chief Financial Officer of the Association;
  
Don't make the same mistake I did and undervalue/estimate what your assistant does/can do for you, especially now.  With expanded responsibilities, such as your seat on SAF and the current financial situation that the ASUW finds itself in, your assistant will be even more important to you now than they were to me.
+
:C. Serve as Chair of the Finance and Budget Committee, which shall include the following responsibilities:
  
It's been commented to me various times that the position of F&B Director is greatly understaffed. If you found an equivalent position in the real-world that dealt with a one million dollar budget you would probably find a full-time director and a full-time assistant.  You are tasked with working as a half-time director with a ''quarter''-time assistant.  Yes, there are some differences, such as the reliance on the SAUF Accountant to do much of the nitty-gritty, but there is still a void.  There are many different ways to use your assistants time, but I will suggest a few:
+
::1. Set up an agenda for the weekly Finance and Budge Committee meeting;
  
*Full control over meeting scheduling, minutes, contacting committee members, etc.
+
::2. Make appointments to discuss budget matters with student groups;
*Organizing, filing, archiving the large filing cabinet in the office (maybe you can find a better use for this hunk of metal than I could)
+
*Keeping the Special Appropriations Spreadsheet up to date
+
  
It will take a bit of time getting used to the idea that you have the services of an assistant.  Try and build up this relationship early in the year (coffee, lunch, something like that) in order to help foster trust.  I know the hardest part for me was learning to trust that things will get done when I hand them off; when you get to that point, you will realize how beneficial an assistant can be.  As I mentioned in the pre-hire, use this person as a sounding board for ideas for your committees and other challenges you deal with in the year.  Input from others, especially someone who becomes intimately familiar with the day-to-day workings of your job, can be essential.
+
::3. Prepare a report of the weekly Finance and Budget Committee meetings to be submitted to the Board of Directors at its next meeting;
  
==Committee Memberships==
+
::4. Monitor budget appropriations and expenditures; and
===[[Special Appropriations Committee]] (Chair)===
+
  
====Special Appropriations Online Interface (SAOI)====
+
::5. Present a financial report of the previous quarter to the Board of Directors at or before the second regularly scheduled meeting of each academic quarter.
  
===[[Finance & Budget Committee]] (Chair)===
+
:D. Serve as a member of the Services and Activities Fee Committee and appoint volunteers to serve as ASUW representatives on the Committee by using the Open Selection Process;
  
===[[Services and Activities Fee Committee]]===
+
:E. Report directly to the President;
  
===[[Board of Directors]]===
+
:F. Serve as the Chair of the Special Appropriations Committee;
  
==The Budgeting Process==
+
:G. Post the budget of the ASUW on the ASUW’s web page;
  
==Quarter by Quarter Guidance==
+
:H. Post the budget summary in The Daily at the beginning of each quarter;
This is going to be a somewhat rough outline of what you should be doing during each quarter. Most of this is cumulative and will add onto each other throughout the year (read: you will get busier as the year goes on and more things get piled on top).  I will try and go into a bit of detail with each point.
+
  
===Summer===
+
:I. Complete initiated projects as directed by the President;
*Binders
+
*Committee Ice Breaker/Event
+
*Meet your assistant, start to build that relationship
+
  
===Fall===
+
:J. Meet with the ASUW President at the beginning of each quarter to establish the responsibilities and allocation of their Administrative Assistant for that respective quarter. This shall be submitted for approval to the Personnel Director by no later than the second week of each quarter;
*Meet people!
+
:There are a lot of people required to make the Association run. Not the least of which are those advisers who are above you.  Meet all of the SAO Advisers, not just Rene.  This will make your job '''SO''' much easier.  They are your primary contacts when working with Special Appropriations proposals and they have a wealth of knowledge.  If you have questions about the budget, especially on the technical aspects, Mark Schoen is your number one resource.  He's an awesome guy who really knows his stuff.  Meet the entity directors, the Board, office staff, everyone! This network will not only make your job easier, but much more fun.
+
*Start Special Appropriations
+
:If I remember correctly, you should have a functioning committee by the very first day of school.  That is a ''huge'' leg up for the year.  Work with the Vice President to appoint the remaining volunteers and stress to the Senate how important it is that their liaison is appointed.  Start meeting with them immediately so they can become comfortable with their responsibilities.  The more comfortable they are with each other, the more effective the committee will be and the more efficient it will run.  '''I cannot stress this enough'''.  Trust me, you won't have to advertise for Special Approps. RSOs will seek you out.
+
*Start Finance & Budget
+
:This will be your cornerstone committee for the year.  With the new financial challenges that face the Association, you will rely on this group of people more than anyone else in the Association.  You have enough people to get started, but there are quite a few other representatives that need to get filled.  Work with the VP to get the other At-Large reps appointed.  Senate has '''two''' reps.  Get them on the ball and appointing their liaisons.  Let them know that things are getting started early and you don't want them to miss out and be behind in what is going on.
+
  
===Winter===
+
:K. Attend all regularly-scheduled Board of Directors meetings or special Board of Directors meetings unless officially excused by the President or Vice President;
*Review entity budgets
+
*Start budgeting process
+
*Balance your time, it's going to get busy
+
  
===Spring===
+
:L. Maintain accountability for twenty-five office hours per week, including twenty scheduled office hours during which time the Finance and Budget Director’s activities and/or whereabouts are known to the front office staff. Meetings and appointments may be scheduled during this time. The remaining five hours shall be utilized to complete projects, schedule meetings and appointments, or otherwise facilitate the word of each quarter;
*Present final budget to Board in April
+
*Present budget to SAF in April/May
+
*WIKI
+
  
==Top 10 Contacts==
+
:M. Supervise financial and internal operations of the ASUW in cooperation with the Vice President;
  
The structure of the F&B position does not really require a great deal of outside contacts.  Most (if not all) of your work is centralized within the Association so this contact list may contain many more internal folks than external.  (However, after the fact, I'm finding more external people than I had originally thought!)
+
:N. Advise the ASUW Board of Directors on all financial matters, including spending priorities, budget process, and financial status;
  
These are not necessarily in any specific order of importance.
+
:O. Meet with the Programs and Enterprises to ensure proper execution and implementation of provisions provided in the ASUW corporate budget; and
  
===External===
+
:P. Work with the Director of Service and Partnerships to monitor the Husky Pride Fund.
*[mailto:sniglet@u.washington.edu Rene Singleton] (Your SAO Adviser)
+
*[mailto:mschoen@u.washington.edu Mark Schoen] (SAUF Accountant)
+
*[mailto:anitab3@hfs.washington.edu Anita Bowers] (Housing and Food Services contact for [[Late Night at By George]])
+
*[mailto:tseyfrie@u.washington.edu Teresa Seyfried] (Property and Transportation Services contact for [[Night Ride]])
+
*[mailto:llj@u.washington.edu Lincoln Johnson] (Director of SAUF)
+
*[mailto:gpsstres@u.washington.edu Malia Langworthy] (GPSS Treasurer)
+
*[mailto:railsbck@u.washington.edu Steve Railsback] (SAO contact for equipment purchases)
+
  
===Internal===
+
=Current and Past Finance & Budget Directors=
*[mailto:asuwaa2@u.washington.edu Assistant to the President and F&B Director] (Valerie Yandall)
+
*[[Emma van Inwegen]], Finance & Budge Director (FY 2014)
*[mailto:asuwpres@u.washington.edu ASUW President] (Cullen White)
+
*[[Riley Lee-Card]], Finance & Budget Director (FY 2013)
*[mailto:asuwvp@u.washington.edu ASUW Vice President] (Jerome McCuin)
+
*[[Joseph Salama]], Finance & Budget Director (FY 2012)
 +
*[[Neil Rotta]], Finance & Budget Director (FY 2011)
 +
*[[Conor McLean]], Finance & Budget Director (FY 2010)
 +
*[[Holly Jones]], Finance & Budget Director (FY 2009)
 +
*[[Jonathan Evans]], Finance & Budget Director (FY 2007, FY 2008)
 +
*[[David Morgan]], Finance & Budget Director (FY 2005, FY 2006)
 +
*[[Derek Huoth]], Finance & Budget Director (FY 2004)
 +
*[[Nicholas W. Hamilton]], Finance & Budget Director (FY 2003)
 +
*[[Weldon MacDougall]], Finance & Budget Director (FY 1998)
 +
*[[Christopher K. Carlberg]], Finance & Budget Director (FY 1997)
  
==Top 10 Successes & Failures==
+
=Past Vice Presidents for Finance and Budget=
===Top 10 Successes===
+
*[[Katherine B. Moir]], Vice President for Finance and Budget (FY 1995)
*The Budget, SAF Form & Narrative
+
*[[Chris Putnam]], Vice President for Finance and Budget (FY 1993, FY 1994)
*Special Appopriations Online Interface
+
*[[Kenneth Olson]], Vice President for Finance and Budget (FY 1992)
*Seat on SAF
+
*[[Victor L. Hou]], Vice President for Finance and Budget (FY 1991)
*[[Late Night at By George]]
+
*[[Heidi Wills]], Vice President for Finance and Budget (FY 1990)
*[[Night Ride]]
+
*[[Bruce Miller]], Vice President for Finance and Budget (FY 1989)
*Special Appropriations Bylaw Updates
+
*[[Chen H. Wen]], Vice President for Finance and Budget (FY 1988)
*Use of my assistant
+
*[[Carla Birdwell]], Vice President for Finance and Budget (FY 1987)
*Unprecedented level of trust between [[SAO]], [[SAF]], [[SAUF]] and F&B Director
+
*[[Teresita Gonzalez]], Vice President for Finance and Budget (FY 1984)
*This wiki
+
*Extracuricular Involvement
+
 
+
When I was looking at these top 10 successes, I was very pleased to see that you had been involved with F&B and Special Approps during quite a few of them.
+
 
+
During my two years in this position, I was able to completely transform the budget and the budgeting process. It was in a horribly ugly format prior to 2004-05 and had quite a bit of convuluted and old information.  Footnotes had been carried forward that no longer hand any bearing, numbers were incorrect, and it was difficult to sift through.  Though it took me two years to get things in order, we now have, for the first time, a complete and all-encompassing look at the ASUW Budget.  Unfortunately, what was uncovered puts you in a difficult position of guiding the Association through a rough time financially in order to compensate for the budgeting errors that have spanned decades.  I know that I have left it better than I found it, and genuinely hope that no further errors exist.
+
 
+
The SAOI was the very first change that I implemented at the beginning of my first year as director.  It also completely transformed the way that ASUW dealt with RSO direct funding.  For the first time, RSOs could submit their proposals electronically and the F&B Director no longer had to account for and organize proposals on paper.  Demand has skyrocketed over the past two years and I only expect it to increase further.  Updates to the bylaws were implemented at the end of 2005-06 in order to help spread the money out to as many groups as possible, among other things.  It will be important to follow the bylaws as '''rules''' and not '''guidelines'''.  Trust me, it will make your job that much easier to have something to fall back on when something is not funded.  I have made my best effort to ensure that the SAOI is fully functional and won't give you troubles next year or into the future.  Hopefully my effort has paid off.
+
 
+
The ASUW took on some important external projects while I was here.  The U-Match Agreement, [[Night Ride]], and [[Late Night at By George]] all occurred with my consultation.  U-Match fell through due to a lack of service and a general bad taste in the mouth of the Association when dealing with, what turned into a, 3rd party merchant.  Night Ride is also listed as one of my top 10 failures.  We succeeded in launching the program with SAF seed money at the beginning of 2005-06.  It will run through June 2007.  I failed to keep in contact with Teresa (listed as one of the top 10 most important contacts) throughout this year and, honestly, am not sure where we stand on this.  ASUW has the money from SAF to run the program through June 2007 and I would highly encourage you to sit down with Teresa and gather ridership statistics, etc.  There is an exit clause in the contract that can be exercised if it is found by the Board and Property and Transportation Services that it is not a worthwhile service.  [[Late Night at By George]] was the brainchild of Cullen White.  Cullen and I worked very closely together throughout the year to see this come to a reality.  I honestly belive that this venture can be a break-even business, if not make profit.  Work with Cullen (and Scott, the new Director of Organizational Relations) over the summer, as well as during the year in order to solidify a contract and get this thing advertised to the student body; '''especially the freshman'''.  Anita Bowers (also listed in the top 10 contacts) is your best contact at Housing and Food Services.
+
 
+
The F&B Director now sits on the Services and Activities Fee Committee.  This gives a great deal of experience and insight to the director on the true "big picture" of student fees and what they fund.  It also help to foster a high-level of trust between the ASUW and SAF, which is extremely important to the financial health of the Association.  Remember that you wear ''three'' hats on this committee, one as the ASUW F&B Director, one as the Board of Directors representative, and one as an ASUW student representative to the committee.
+
 
+
I want this wiki to become the defacto source of all important information for the F&B Director.  Make sure that you update it at least by the end of the year, if not on-going throughout the year.  It is a great deal of information and I would hate to see it lost in the fray after all the work I've done to write all of this stuff down >:).
+
 
+
Remember that ASUW is only '''ONE''' of your commitments.  Don't let it consume you.  Don't let it become the only thing you think about.  When you walk out that office door for the day, leave it behind.  It '''IS''' possible to care too much.  I was really starting to feel the burnout at the end of my third year in the ASUW, and much of it came from the fact that I did not give myself enough time away.  Student leadership is hard.  It takes a lot of time and energy to be good at it.  Do well at what you do, but don't forget the other things in your life.
+
 
+
===Top 10 Failures===
+
*[[Night Ride]]
+
*Use of my assistant
+
*The Budget
+
*Contact with Daily about budget situation
+
*Education of the BOD when it comes to ASUW finances
+
*Use of the Current Situation Spreadsheet
+
*Contact with ASUW entities
+
*[[Late Night at By George]]
+
*Excess Special Appropriations funding
+
*Lax on office hours
+
 
+
You can look above for my rant about my Night Ride failure; unfortunately, it isn't pretty.
+
 
+
In my efforts to fix the budget during my first year, I ended up underestimating our SAF Request by $100,000.  Yes, very, very, very bad.  However, in retrospect, it may be the single greatest motivator the ASUW has ever seen.  This short fall has allowed SAF to instruct ASUW to make changes to the way it deals with its finances and actually have something to back up their instructions.  I'm not saying what I did was good, not at all, but it may end up being very good.
+
 
+
There is an entry in the F&B Director section within the ASUW bylaws that refers to contact the Daily with quarterly budget updates.  I never quite understood what this entailed or if it had ever been done.  It might be something you want to discuss with the Board in order to decide what information should be shared, etc.
+
 
+
It is the responsibility of any non-profit Board of Directors in the State of Washington to have an understanding of the corporation's financial situation.  Talk with Rene and see if you can setup to have Mark Schoen come in during the Board of Director orientation at the beginning of the year for a presentation on the ASUW financial structure.  The more knowledge the Board has, the more confident you can be that appropriate decisions are being made (or so logic would lead you to believe).
+
 
+
Stay connected with the various ASUW entities.  Use the Current Situation Spreadsheet to keep up to date on entity spending habits and potential problems that are coming up.  Get to know each of the entity director's and let them know that if they have questions about finances, you're the person to ask.  It's the little things that help to make sure that larger problems never present themselves down the line.  Stay on top of your office hours, even during spring quarter.  It can be tough with nice weather and many other things to do, but it's important to be available and to be finalizing the budget and updating the wiki.
+
 
+
'''Keep Special Appropriations funding at the budgeted amount'''.  I know there won't be a problem with this during the next year because of the discussions we've had one-on-one and in committee, but it doesn't hurt to reiterate.  After this year, Special Approps really needs to be more strict and the ASUW as a whole needs to understand that money is a limited resource.  Make sure everyone understands this; both within the Association and at the RSO level.
+
 
+
Everybody will have failures.  Do your best to realize what has gone wrong and what you can do to fix them.
+
 
+
==Contacting Me==
+
 
+
You should have my cell phone number if you need to get in touch with me.  You can also reach me through e-mail [mailto:davidcmorganjr@gmail.com here].  It can be overwhelming at first with all of the various entities that you have to wrap your head around, so I'll understand if I hear from you quite a bit.  :)
+
 
+
If not, that's great too!
+
 
+
Good luck!
+
 
+
==See also==
+
*[[Special Appropriations Committee]]
+
*[[Special Appropriations Fund]]
+
*[[Finance & Budget Committee]]
+

Latest revision as of 18:24, 8 April 2014

[edit] Delineated Duties

ASSOCIATED STUDENTS OF THE UNIVERSITY OF WASHINGTON


BYLAWS OF THE BOARD OF DIRECTORS


ARTICLE I, SECTION 4


The Finance and Budget Director shall:

A. Serve as an ex-officio member of the Board of Directors without vote, and shall be hired by the current Board of Directors through the Personnel hiring process. This individual shall take office with the incoming Board of Directors but shall be responsible for learning the position over Spring Quarter;
B. Act as the Chief Financial Officer of the Association;
C. Serve as Chair of the Finance and Budget Committee, which shall include the following responsibilities:
1. Set up an agenda for the weekly Finance and Budge Committee meeting;
2. Make appointments to discuss budget matters with student groups;
3. Prepare a report of the weekly Finance and Budget Committee meetings to be submitted to the Board of Directors at its next meeting;
4. Monitor budget appropriations and expenditures; and
5. Present a financial report of the previous quarter to the Board of Directors at or before the second regularly scheduled meeting of each academic quarter.
D. Serve as a member of the Services and Activities Fee Committee and appoint volunteers to serve as ASUW representatives on the Committee by using the Open Selection Process;
E. Report directly to the President;
F. Serve as the Chair of the Special Appropriations Committee;
G. Post the budget of the ASUW on the ASUW’s web page;
H. Post the budget summary in The Daily at the beginning of each quarter;
I. Complete initiated projects as directed by the President;
J. Meet with the ASUW President at the beginning of each quarter to establish the responsibilities and allocation of their Administrative Assistant for that respective quarter. This shall be submitted for approval to the Personnel Director by no later than the second week of each quarter;
K. Attend all regularly-scheduled Board of Directors meetings or special Board of Directors meetings unless officially excused by the President or Vice President;
L. Maintain accountability for twenty-five office hours per week, including twenty scheduled office hours during which time the Finance and Budget Director’s activities and/or whereabouts are known to the front office staff. Meetings and appointments may be scheduled during this time. The remaining five hours shall be utilized to complete projects, schedule meetings and appointments, or otherwise facilitate the word of each quarter;
M. Supervise financial and internal operations of the ASUW in cooperation with the Vice President;
N. Advise the ASUW Board of Directors on all financial matters, including spending priorities, budget process, and financial status;
O. Meet with the Programs and Enterprises to ensure proper execution and implementation of provisions provided in the ASUW corporate budget; and
P. Work with the Director of Service and Partnerships to monitor the Husky Pride Fund.

[edit] Current and Past Finance & Budget Directors

[edit] Past Vice Presidents for Finance and Budget

Personal tools
Namespaces

Variants
Actions
Navigation
Tools