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Purpose

  • Understand what information the Finance team wants to communicate to the Subteam leads + PMs

  • Understand what information PMs require to make budgeting decisions

Recording

zoom_0.mp4

Attendees

Kristen S Catherine Cai

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PM Opinion

Finance Opinion

  • expenses

Comparison to the prior term

Expected

Who should be reviewing these reports and how often? @Finance

  • prepared once every four months

  • Leads + PMs + core members

Let’s say I’m a PM of the Aerobody team - can you walk through how I would review the subteam’s budget and spending in the report? @Finance

  • Finance can’t say who gets what’s spending - lack of info for them to know

What in the budget report is important for a lead?

  • Everything?

  • Estimated monetary spending

What are the tax kickbacks - are they only applied to MEF and how much? @Finance

  • ~8% HST rebate per purchase

With the new purchase planning sheet, how should one use the

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budget report with it to plan a purchase? @Finance

The issue of not reviewing reports has come up in the past - why do we think members don’t review them?

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