Treasurer's Report

CASH_FLOW 0F UPEI SU EOR'

_MARCH 1973 EXPENSES

BARN NIL CADRE 321.24

DAYCARE NIL DONATIONS 50.00 EXECUTIVE 791.25

FILM 301.85 INT.&BK.CH. 32.80 MISC. 373.80 OFFICE 168.19 PANTHER NIL PHOTO 191.96 RADIO 363.66

~ SOCIAL 1,003.00 YEARBQOK .98 '75 NIL '74 . NIL '73 200.00 SALARIES 1,225.00 I/T 53.73 LAST YEAR 448.99 **

5,526.45

Payment made after audit cut-off.**

- RECEIPTS BARN' 188.26 CADRE V NIL

DAYCARE 1,374.65 * DONATIONS NIL EXECUTIVE NIL FILM NIL 509.16

PANTHER

snap a _ SPORT LODGE Ltd.

63 UNIVERSITY AVE.

BIKE The Bicycle Headhuarters

Bicycles : Sales & Service

1—3—5 & 10 speed models

I'Scc Them New

YEARBOOK '75 186.90 '74 242.00

2,500.97

*Money received from Prov. Govt. as part payment of salaries-not yet paid out.

Mike Duffy

THE CADRE, APRIL 18,.page 7 POLICY REMINDER

To"one of the very concerned students." your article is not here reproduced due to our policy ("Cadre Manifesto' Apr. 3, p.3) which states "..§Q article will be given any consideration by he who has not the courage of his convictions."

Editor

UPEI S.U. Finances

Mr. P. Duffy - Past Pres- ident of the S.U. and Mr.

L. McCardle Past Treasurer of the S.U. made thier final appearance before the stu- dents to present a wrap-up of what happened here in the last year. ,

The Auditor's statement was very interesting and for those not having the time to wade through all the numb- ers,here is a summary of it all" ‘

As of Feb. 28/73 we had: $3,960 in cash

500 in saleable goods on hand (liquor) people owed us $12,475 we also owned property val- Business Manager and Len McCardle (Past Treasurer) the situation is being met by holding off payment of $8,000 to UPEI and a loan from the bank. -

The question that is upper- most in my mind is: last year at this time we had an excess of bills over money to pay the bills with of $11,000 and this year it is $30,000. will we be $50,000 short next year? This is the problem that your new treas- urer, Mr. Mike Duffy is wrestling with at present.

A bright note in all this is that the S.U. showed a profit of $7,000. however. improve-

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C.C.M. & PEUGEOT

ments to the Radio Station and the S.U. Offices cost $12,000 and that took care ued at $169,953

we owed $28,004 to others and $19,380 to UPEI all to be paid this year. we also owe $16,645 to be paid next year to UPEI.

These figures are interest- ing in that last year on Feb. 28/72 we had $23,082 in cash and people owed us , $7,036 which means that in comparison the S.U. is in much poorer financial shape. Mr. McCardle states that everything is under control however, can everything be rosy when you owe $30,000 more than you have. This is what it all boils doen to. According to J.T. Place, of the profit and then some.

I wouldn't be too surpri- sed to see some cutbacks in some areas, although it is hard to imagine where. It did not appear that things were very tight moneywise when Miss D. MacDonald (President S.U.) obtained a summer extra salary of $1,200 and Mr. Mike Duffy a summer salary of $400. on top of their salaries of $1,000 and $800 res- pectively. This doesn't include the tuition that will be paid for all ex- ecutive members who remain for the summer.

KJM

YOURCHHUC RflflTQUE

IMPERIAL OPTICAL Co. Ltd.

Prescriptions Filled

137 KENT ST.

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