awards: added the secion on funding
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@ -219,15 +219,62 @@ These are less planned sessions but allow members to geek out about enterprise g
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### Details of income and expenditure?
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#### 5 points
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(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.)
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Our budget is currently healthy and has been for the past few years.
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### Describe how you managed your finances this year. (max 300 words)
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#### 5 points
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#### Wolves
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Our online platform, UL Wolves, has inbuilt budget management, we use this to manage our cash flow.
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Primary responsibility lies with our Treasurer.
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#### Banking
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We use Bank of Ireland, which has a branch just outside the entrance of UL.
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Each year to transfer access we fill out and submit the banking Mandate, followed by the Online change of admins form.
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The mandate requires the treasurer and two other core committee members.
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There is also a section for the previous signatories to sign.
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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.
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#### Workflow
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There are many times where we will need to buy something small from a local shop, the procedure for this is:
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* A chosen committee member buys the item, ensuring they get a receipt.
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* Paying by card is preferred as a screenshot of the transaction can be obtained.
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* A copy of the receipt as well as the transaction screenshot is uploaded to the Societies file server in a specific folder.
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* Treasurer refunds the member via bank transfer.
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* Details is entered into the Wolves Budget System.
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### Please provide details of the success securing funds for the running of the society. (max 300 words)
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#### 5 points
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There are three main areas where we obtain the funds to run the UL Computer society:
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* Membership fees
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* UL Clubs and Societies
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* Sponsorship
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#### Membership Fees
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We charge a nominal fee of €5 for membership for the year which nets us a reasonable (consistant) income.
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#### UL Clubs and Societies
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From C&S we have two sources of funding.
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The first is that C&S matches (or tries to) all of Clubs and Societies income from the previous year.
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This acts as a leaver and allows us to host larger events with out needing to penny pinch.
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Secondly we, along with OPC, help setup, do networking and teardown the C&S Recruitment Fair.
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For this C&S pay the Society for its service.
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#### Sponsorships
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Sponsorships are the most interesting source of funds as it requires us to make connections in enterprise.
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Often along with the financial sponsorship the sponsor also wants to have a significant involvement in an event.
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This has the added beneficent of giving our members an opportunity to network and aspire to reach interesting employers.
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In this past year we have had these significant sponsors:
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* Netapp
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* LERO
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* Patch
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