FINANCE DEPARTMENT PRE-PLAN

Date: 09 July 2015

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AGENDA:
1. Organizational Direction
a. Mission, Objectives and Goal Setting
b. Structural Organization; Functions Scoping
c. Departmental Expectations and Overall
2. Departmental Target Setting
a. Discussion of ExeComm Targets
b. Possible IGP projects
3. Plansem Matters
2015-16 Organizational Goals:
a. To achieve a 100-120 active membership base by the end of AY 2015-2016.
b. To improve or at least maintain the current financial status of the organization.
Fund Target: 65,000- end of first semester
70,000 75,000 - end of second semester
c. To expand the organizations partnership and sponsorship base twice as the current base; while making
these relationships more sustainable (reliability).
Current Base:
Main Sponsor/Partner: Century Group
Other Sponsors: POG, John Robert Powers, Toblerone, Wacoal.
IFAD Partners: Philsmile, Make Sense, 180 Consulting
Organization Partners: UP Green League, UP SIBOL, UP STPA, UP LAKAN
d. To widen the scope and revive the organizations scope of influence inside and out of the university through
effective public relations and external & internal promotions.
e. To bolster the essence, perception and impact of the organizations thrust of Social Responsibility through
Business Excellence through more socially relevant and sustainable research and development projects.
f. To create an all-encompassing documentation system that is able to store, sort and access files and records of
the organization for every members perusal (qualified).
g. To bring back the old, deep-rooted glorious years of the organization, by living its Interschool title.
Finance Department 2015-2016 Goals
B. Finance Department
a. Establish a cash management procedure that shall ensure accurate and well-controlled receipt and
disbursement of funds.
b. Create a systematic and practical transaction recording system that shall be easily understood by the
executive committee.
c. Organize a financial reporting scheme (monthly, quarterly, etc.) that shall produce financial statements in a
timely and consistent manner.
d. Ensure the safekeeping of financial documents (receipts, vouchers, etc.) for accurate reconciliation.
e. Create at least 4 IGPs placed strategically within the academic year that shall enable the organization to
reach its financial targets.

EXPECTATION SETTING
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Expectations for UP IBA:
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EVALUATION OF PRECEEDING IBA

Recruitment Process
Internship For A Day
SIBOL
Other events
Past Execomm
POINTS OF
IMPROVEMENT

PROJECT
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Target Market
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PROPOSED INCOME GENERATING PROJECTS

tumbler sales / planners
Within first semester
Star Wars Episode VII The Force Awakens
Cinema block screening
December 17, 2015

Shirt sales / brandsale

Before Christmas / Before new year / February

Partnership event with Century