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Updated on Monday, July 6

#21080

OMG: I am totally late to this but I think most of you are. I am outraged at the 20 grand pay raise that almost each of the execs got in 2013-2014. We pay these useless fucks 60 to 90 grand a year for what? Who the fuck approved this shit? Wtf.

Source

26 comments

  1. That's not a pay raise, that is their budget and two of them had decreases that year.

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    1. Yeah, it even says in the budget how much their salaries are... OP is pretty dumb.

      For those who don't want to bother looking, all the salaries are between 49 and 51 thousand a year.

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  2. 1 is bang on. The budget is divided up by executive portfolio, but it's most definitely not their salary.

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    1. Can we please see a breakdown of the FED President's team expenditure that's grouped as $81k in 2012-2013 versus $65k in 2011-2012? And what drove the $16k increase specifically?

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  3. Another useless, misinformed statement by a student who's joined the hype of hating feds. I don't like feds myself but people like you make us look bad and incompetent.

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    1. It's pretty easy to hate feds, they are total shit.

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  4. Regardless of there salary, why do they need 90k to operate their office? I don't get it?

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    1. It's not "operating their office," it's operating everything under their portfolio. For instance, the VPIN portfolio includes the budgets for all of the Feds Clubs and non-commercial services.

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    2. Lol 4 you've never seen a budget before have you?

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  5. At most their wages increased by 2.28% as this is the max amount Board can approve as a CPI cost of living adjustment without raising the issue at a General Meeting. See the Board of Directors procedures pg 26 for more information: http://www.feds.ca/wp-content/blogs.dir/57/files//2012/08/Board-of-Directors-Procedures-April-14-2015.pdf

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    1. Then why on page 15 did the salaries line increase by 9.6%, going from $1,924,687 in 2012 to $2,110,120 in 2013, an increase of $185,433?

      Using 2.28% would only increase salaries by $43,883.

      Using 1a's statement of all salaries being close to $50,000, were 3 more staff hired as well? 2012's $1.9m works out to about 38 full time staff, and 2013's $2.1m works out to 42 full time staff.

      What happened to cause the numbers we're seeing?
      Any idea what happened in the rest of 2013 and 2014?

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    2. As seen here : https://uwaterloo.ca/secretariat-general-counsel/policies-procedures-guidelines/policy-5

      The University's salary structure has increases based on performance.

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    3. 5b&5,
      1. For the increase to be any higher than the CPI of 2.28% a Board-approved maximum. Did the Board raise the issue at a General Meeting as 5 said was required? Did the motion pass?

      2. Policy 5 says performance-based increases can cause salaries to be in the range of 80% to 120% of the average. It doesn't make sense for the salary increase in aggregate for all staff to be 9.6%. That's over 4 times the inflation rate. Was everyone given the same % performance increase or were some people given less and some given more?

      3. What was the aggregate actual salary compared to the baseline? 1a gave a range of $49k-$51k. Was that the baseline 100% (so 80% of baseline would be 50k*.8=$40k and 120% baseline would be 50k*1.2=$60k) or was that the actual salaries? In that case what was the baseline in 2012 and 2013 (ending April 30 of each year)?

      4. What is the salary of each of the executives compared to the baseline?

      5. If the baseline increased by CPI of 2.28% (since the baseline salary does not get a performance bonus), that means that the average actual salary compared to baseline increased by 9.6%-2.28%=7.32%. What was that aggregate ratio in 2012 and 2013 (again ending April 30th).

      Sorry if these questions are simplistic, I'm kind of new to this.

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    4. 5c, most of your questions can be answered here by actually reading the Feds budget. Each executive's salary is explicitly listed in that budget - since they are not hired on the UW Pay Grades like all the other staff.

      The other staff salaries, unfortunately, are something of a black box. Confidential to Board only - including how increases are handed out. I know they're bound to UW's HR policies, and each staff role is assigned a USG rating and paid/raised according to that rating... but that's basically *all* I know.

      There's a link to the full budget spreadsheet on the Feds website: http://www.feds.ca/about/fees-and-funding/

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  6. Where are the statements for years sending April 30 2014 and April 30 2015?
    It shouldn't take that long to release audited financial statements. I want to see his our current executive and full time staff and the one just prior are performing financially. Not this ancient history. Can someone please post a link?

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    1. This is weird. FEDs' link for the 2014 Independent Auditors Report just brings up the same 2013 Independent Auditors Report again. See the bottom of the FEDs Important Documents page. Since there's a link for it, does the 2014 independent auditors report exist? Could someone at FEDs explain and fix this, or post here, or somewhere else and let us know where it is?

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    2. 2015's statements won't be ready until close to October. Audits take a long time and a lot of work.

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    3. 6b, so you're saying it's the audit that accounts for most of the time between close of the fiscal period and this financial statement's publication? Has the 2015 report gone to the auditor yet?

      When did the reports get signed and go to the auditor?

      What about the budget ending April 30th, 2014? That looks 15 months late and counting. Is that sitting with the auditor as well?

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    4. http://www.feds.ca/wp-content/blogs.dir/57/files//2012/08/audit-2014.pdf. It must be just an issue in the link. If you switch the year you get the correct file.

      6c, the audit is done by an external auditor. They come in at the end of the fiscal year, do the audit, and then prepare the report (which can take quite a bit of time, Feds isn't huge but they are certainly a fairly complicated organization given the amount of different things that they operate financially - business operations, clubs, societies, etc). Once the report is done the auditor sends it to Feds. If I understand correctly, Feds Board sees it and provides responses on the recommendations in the report, and then eventually it will be brought forward at an AGM for the general membership to review. These things don't magically happen overnight.

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  7. Why did total expenses go up by 2 million dollars, from 4 million to 6 million?

    At the same time, one of its pieces (commissions, services, programs, and events) costs went down by about $70,000. Meanwhile, student government expenses went up by $30,000. So why did it cost $30,000 more in student government expenses to provide $70,000 less in commissions, services, events, and programs?

    And why did "operating expenses" as a subcategory of "total expenses" go up by over $1m, from $3,391,911 to $5,517,029? Its 3 pieces are:
    General Fund $2,998,541
    Orientation $708,315
    Societies Fund $1,810,173

    Thanks. Sorry for the newbie questions from a constituent.

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    1. 7, I highly recommend you do two things:

      1) E-Mail one of your counsellors, who can get the answer to this question from a member of the Budget Committee or from the VPOF. You can also try e-mailing the VPOF directly (vpof@feds.ca), but there's no guarantee she'll respond right away (I have no idea how many e-mails she gets in a day, but I'm positive it's more than can actually be answered in a day).

      Moreover, this is the perfect sort of question to ask at the October Annual General Meeting, when the audited financial statements are presented for approval. It's treated as a formality, but it really is the one time of year when the student body as a whole can hold Feds to account for how it spends our money.

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    2. 7a it doesn't make sense 7's specific questions on the 2013 financials at the 2015 AGM. It'd be better to see answers here where they're posted. It looks like the answers so far are mostly insults or too vague.

      Can anyone answer the questions in this thread with actual numbers or specific reasons?

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    3. 7b, what I'm saying is that the budget IS the answer to all those questions.

      You want to know why expenses went up in student government? Well student government is a whole page of the budget, with detailed expenses available for the past 7 years - go read it and see what increased!

      Almost all the other answers are there in a similar fashion. If you actually want to understand how Feds spends its money, that's the document you want to read - not whatever 7 is citing.

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    4. 7c, I don't buy your response that the FEDs budget answers 7's questions. Can you give a specific example that any of 7's "why" questions are answered by the budget. We can see "that" the amounts increased. But there's no commentary that explains why the numbers 7 mentioned are moving in what looks like the wrong direction (for example higher expenses for less services).

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    5. 7d, 7 asked very general questions. The Feds budget is very specific - it shows where expenses were increased, line item by line item, per department. You want to know why "commissions, services, programs, and events" went down? There's a budget for each commission, a budget for every service, and a budget for special events. Each of those is a page in the Feds budget, and you can see exactly how they were altered in a given year.

      I'm not going to do your work for you - the very nature of your question shows that you haven't actually READ the budget. Go read it, understand where money is actually being spent, then come back with real questions.

      There is one thing I agree with you on. The budget will show, for instance, that the money available to "Special Events" was increased a couple years ago (with more money being allotted to Fall Welcome Week specifically), but there usually aren't comments attached that reflect why. This is because of the unfortunate process by which the budget is made - department heads sending their ideal numbers to the exec with a general rationale, who send that onwards to the VPOF, who gives it to the budget committee. If you want rationales for the increases, the only way to find them is basically to sift through the minutes from the Student Council meeting where that year's budget was passed.
      The process has improved in recent years (Feds used to have to go 3 or 4 months WITHOUT an approved budget, now it's more like... 2), but it's still absolutely NOT transparent (the fact that nobody is actually taking/publishing minutes at the budget committee meetings really doesn't help). Fortunately, the meetings are (technically) open, so your best bet becomes asking the VPOF when the meetings are so you can sit in.

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  8. Convo meant to be had in private.

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