2014 Finance Subcommittee

By admin, 30 March, 2022
Date of Meeting

    2014 Finance Subcommittee

    Date: Friday 7th week, Hilary 2014 (2014-03-07)

    Present: Dan Turner (President), Krista Halttunen (Vice-President (Administrative)), Georgina Wilson (Secretary), Max Dalton (Treasurer), Alex Mullan (Lindsay), Darryl Braier-Lorimer (Foody)

    Agenda


    1. Matters Arising
    2. Pantry Report
    3. Bar Report
    4. AOB

    Minutes


    1. Matters Arising
      • KH said we needed a replacement for Siobhan. MD has arranged four interviews. They have found someone called Craig that they are happy with. They are going to check his references and then offer him a job.
      • DT asked what has happened with Exeter. ML confirmed that they have stopped the boycott. MD raised the problem of transferring the £50 passed at the GM now that the boycott was over. KH said that given that the money had been passed at the GM it should be passed. DT said that the boycott had come at a significant loss so our money would be useful to them. MD asked DT to check with the Exeter president if the money would be useful. DT confirmed that we had the discretion to not pass the £50 if it was rejected by Exeter.
      • MD said that Denise is God.
    2. Pantry Report
      • ML said that takings have been up by about 8% compared to these two weeks last term. He thought it might be to do with the improvement of dinner turn-over. They had large food costs in 6th week. ML said that takings to cost ratio was about 1.6
      • MD asked if they were planning to do a cost analysis – ML said that he was waiting for a new till which he will do in the first two weeks of the break. MD said that last time pantry bought a till there was a GM motion. DT said this fell under usual pantry expenditure so did not need a GM motion. ML said that he thought the JCR would not have a huge problem. MD said he also thought it would be fine not to have a GM motion.
      • ML said we are at a total loss of £600 for the term. DBL said the losses look worse because they don’t have money from Formal Pantry. DBL said that Doug was fine with having formal pantry in Trinity.
    3. Bar Report
      • AM said that the bar was a bit slow towards the end of term. At the end of last week we were £5 down compared to this time last year, although about £500 down compared to a five year average. He thinks this reflects a long-term decrease in the popularity of the bar. KH encouraged AM to make a report and have the figures as we go along.
      • MD added that weekly figures contributed to buying decisions, and said that termly figures would be presented to College at the start of next term.
      • AM said that he needed to discuss with Denise and MD about whether to buy a new cooling system. If we are to transfer to Fosters/Strongbow etc then we need to ask the JCR for their thoughts. If we were to change over then this new company would give us £3000 worth of new equipment. AM pointed out that he didn’t constitutionally need to do a GM motion to change over, but KH said that it would seem more democratic for him to be mandated by the GM. AM is going to do a survey to gauge how people feel.
    4. AOB
      • MD said that he had asked for accounts from KB and AC, which should come in soon. Their aim is to make the same amount of profit as last year from bops, but to run loss making activities from the disposable camera scheme. This is fine because they have about £5000 to run down.