2024/25 AMS Council concludes with code changes, next year's budget
AMS council met on April 26 for its final meeting of the term to vote on previously deliberated changes to AMS policies and next year's preliminary budget.
AMS council met on April 26 for its final meeting of the term to vote on previously deliberated changes to AMS policies and next year's preliminary budget.
On April 25, the AMS passed its 2024/25 budget and this year it is expecting a budget surplus of $1,438.69.
The budget projects $5.1 million in revenue, $5.84 million in expenses and a $738, 766 deficit.
The unveiling of the 2023/24 AMS financial budget took centre stage at last night’s Council meeting.
Last night, AMS Council met to discuss the 2022/23 budget reforecast which projects a significantly reduced deficit for this year.
A report outlining plans to deal with the $1.25 million AMS budget deficit was presented to the AMS Council in a private session on September 28 — but due to “sensitive” information in the report it was not publicly published, AMS President Eshana Bhangu said.
Councillors approved the 2022/23 budget and discussed the future of the Nest’s mask mandate at last night’s 6.5 hour-long AMS Council meeting.
On Wednesday, AMS execs and councillors met in the Michael Kingsmill forum to discuss a new subsidy for constituency events and the 2022/23 budget. They also voted to appoint a new student senator-at-large.