SE Soc’s funding comes from the SE department. This means that we are subject to university guidelines for expenses, and that approval from the SE department is required before spending any money.

The SE department (and other University of Waterloo departments) have a yearly budget, with each fiscal year beginning on May 1 and ending on April 30 of the following year. During budget planning, money is allocated towards SE Soc for things like events and resume critiques. Generally, money is allocated for a specific purpose - for example, we might get $400/term for bowling and $800/term for transportation. However, we are allowed to make changes to the plan (with approval), and thus we can generally host any event we want to as long as it lies within the overall budget constraints.

Unspent money does not rollover between fiscal years, but does rollover between terms within the same fiscal year. This means that any unspent budget from the Summer and Fall terms can be spent during Winter terms.