OMG UPDATE: Like us on Facebook or follow us on Twitter to get updates on updates!

Updated on Sunday, March 16

#18739

OMG: Feds is a financial black hole. It is funded by our fees, and they make shitloads of money off their businesses, making profit. All that money - going where?

9 comments

  1. to paving walkways from DC to MC and... oh wait

    ReplyDelete
    Replies
    1. Sustainable Campus Initiative is already doing this with MathSoc and MEF

      Delete
  2. you should try learning how to use something called google

    http://www.feds.ca/about/fees-and-funding/

    ReplyDelete
  3. Most of the Feds businesses don't make a ton of profit. Not sure where you're getting your information from...

    ReplyDelete
  4. I don't know where you're getting any of this from... FEDS isn't nearly competent enough to be running profits. That inefficiency is usually the source of much bitching, particularly when they hire so many FT staff that do so little.

    But if you actually bothered to spend 30 seconds searching, you'd be able to find all of FEDS finances audited and publicly available. You can even ask questions to the auditor if you go to a GM where the finances are presented.

    I don't have much love for FEDS, but I have much less respect for people shooting their mouths about how terrible something is for the totally wrong reasons because they couldn't bother to make a single google search...

    ReplyDelete
  5. Ask Imprint, they'll make you a bad pie chart

    ReplyDelete
  6. When I go to Jew Pizza down the street and spend 5 dollers, I know that it is going to the owner. I am supporting my local community. When you spend 5 dollers at FEDS, it goes into a blackhole. They don't pay rents or nothin, they are funded by fees, and they will always exist year after year, and the studnets change every 4 years. Its good money going into nothingness.

    ReplyDelete
    Replies
    1. Not sure if troll, or...
      Look at 4's response for more info. Feds doesn't turn a profit. All that the money you spend at their businesses does is subsidize their cost of operation (and even then not completely).
      All of Feds revenues and expenses are publicly available on the Feds website. Look it up there before you start calling it a black hole.

      Delete
  7. Have you ever used absolutely any of the AMAZING services that Feds provides every single student on campus? Have you ever sat down to meet friends, studied or just relaxed in the student life center? Do you ride the GRT with your UPASS? Do you have student health-care? Have you ever done the simplest of google searches only to find that you can see all of Fed's financial information is posted? Did you know that all of the Feds services and clubs are STUDENT RUN 100% through dedicated student volunteers? Although Feds does have some flaws, it does provide you with opportunities that would not be otherwise available if they didn't exist.... for future reference (and so you don't make further unsupported claims) please refer to feds.ca for any future questioning.

    ReplyDelete