awards: added the secion on funding

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silver 2025-02-23 18:44:46 +00:00
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@ -219,15 +219,62 @@ These are less planned sessions but allow members to geek out about enterprise g
### Details of income and expenditure?
#### 5 points
(Is this question for BICS? There is no good way to paste in our balance sheet from Wolves without spending several hours transcribing it manually.)
Our budget is currently healthy and has been for the past few years.
### Describe how you managed your finances this year. (max 300 words)
#### 5 points
#### Wolves
Our online platform, UL Wolves, has inbuilt budget management, we use this to manage our cash flow.
Primary responsibility lies with our Treasurer.
#### Banking
We use Bank of Ireland, which has a branch just outside the entrance of UL.
Each year to transfer access we fill out and submit the banking Mandate, followed by the Online change of admins form.
The mandate requires the treasurer and two other core committee members.
There is also a section for the previous signatories to sign.
When signing it one year we pre-sign the previous signatories section for the next committee, saves having us having to follow up with them.
#### Workflow
There are many times where we will need to buy something small from a local shop, the procedure for this is:
* A chosen committee member buys the item, ensuring they get a receipt.
* Paying by card is preferred as a screenshot of the transaction can be obtained.
* A copy of the receipt as well as the transaction screenshot is uploaded to the Societies file server in a specific folder.
* Treasurer refunds the member via bank transfer.
* Details is entered into the Wolves Budget System.
### Please provide details of the success securing funds for the running of the society. (max 300 words)
#### 5 points
There are three main areas where we obtain the funds to run the UL Computer society:
* Membership fees
* UL Clubs and Societies
* Sponsorship
#### Membership Fees
We charge a nominal fee of €5 for membership for the year which nets us a reasonable (consistant) income.
#### UL Clubs and Societies
From C&S we have two sources of funding.
The first is that C&S matches (or tries to) all of Clubs and Societies income from the previous year.
This acts as a leaver and allows us to host larger events with out needing to penny pinch.
Secondly we, along with OPC, help setup, do networking and teardown the C&S Recruitment Fair.
For this C&S pay the Society for its service.
#### Sponsorships
Sponsorships are the most interesting source of funds as it requires us to make connections in enterprise.
Often along with the financial sponsorship the sponsor also wants to have a significant involvement in an event.
This has the added beneficent of giving our members an opportunity to network and aspire to reach interesting employers.
In this past year we have had these significant sponsors:
* Netapp
* LERO
* Patch