Current Policy: 
“The annual budget of the Society shall maintain, at minimum, a net surplus or return to members’ equity in an amount equal to or greater than 5% of the Society’s net student activity fee revenue for that fiscal year. This requirement shall remain in force and effect until such time as the net assets or members’ equity of the Society, as indicated by the audited financial statements of the Society, is equal to or greater than the equivalent of 30% of the Society’s annual net student activity fee revenue.”

Recommended Change to Policy:
“The annual budget of the Society shall maintain, at minimum, a net surplus or return to members’ equity in an amount equal to or greater than 5% of the Society’s net student activity fee revenue for that fiscal year. This requirement shall remain in force and effect until such time as the net assets or members’ equity of the Society, as indicated by the audited financial statements of the Society, is equal to or greater than the equivalent of 25% of the Society’s annual net student activity fee revenue.”

Please direct any questions or concerns about this change to Darwin Binesh, VP External at vpexternal@sfss.ca

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