Ends Financial Reporting

Ends Financial Reporting

Ends Financial Reporting is a new system WLUSU has implemented that presents our financial information in a manner that is directly linked to the goals of the organization which are known as ’Ends’. The ’Ends’ are determined by the elected Board of Directors who then create their policies, one of which is the ’Ends Policy’, as seen in the WLUSU Policy Governance Manual. Instead of presenting each revenue or expense on an itemized basis, the information is presented in accordance with the goals of the organization.

This system is utilized for the following types of financial information as presented to the Board of Directors for the 2009-2010 term:

i) The Interim Budget

ii) The Operating Budget 

NOTE: The Operating Budget is inclusive of the interim budget.

iii) Financial Snapshots 

NOTE: Snapshots were presented on a period-by-period basis which compare the budgeted dollars  allocated to the actual dollars being spent in order to illustrate the financial health of the organization.

Below you will find all the information as presented to the Board of Directors during 2009-2010 relating to Ends Financial Reporting: