Throughout the 2025/26 term, the SUO Vice President, Finance Rajat Arora focused on financial responsibility, transparency, and sustainable systems to support the long‑term stability of the Students’ Union. While several initiatives remain ongoing, measurable progress was made toward strengthening SUO’s financial governance and accountability.
Goal 1: Achieving a Non‑Deficit Budget (Ongoing)
Maintaining a non‑deficit budget remained a core priority throughout the term. Progress was achieved through regular assessment of distributed funds and careful monitoring of revenues pending collection from the University.
Although the budget process continues beyond the end of the term , with final confirmation to come from external auditors, financial management to date indicates the budget has remained stable and responsibly managed.
Goal 2: Strengthening SUO Budget Oversight (Ongoing)
Significant strides were made toward improving budget oversight across the organization. This included:
- Ongoing review of spending across budget lines
- Clear spending limits and controls
- Regular expense tracking to prevent overspending
While a small number of budget lines exceeded allocations, the majority remained within approved limits, resulting in a largely balanced overall budget.
Goal 3: Enhancing Financial Transparency (Completed)
This goal was successfully completed by the end of the term. To improve visibility and student access to financial information:
- The SUO budget was published on the SUO website
- Graphs and charts were created to clearly present spending and allocations
- This initiative marked a key step toward making SUO finances more accessible, understandable, and transparent for students.
Goal 4: Streamlining SA Financial Processes & Rubric Platform Use (Ongoing)
Progress continues on improving financial processes for Student Associations through the use of the Rubric platform. Feedback gathered during the term indicates:
- Staff find the platform easier and more efficient to use
- Student Associations have successfully adapted to the system
- Early responses suggest Rubric remains a viable long‑term solution
Further evaluation will continue to ensure the platform meets the evolving needs of students and staff.
Conclusively, the 2025/26 year reflects steady progress toward stronger financial governance, transparency, and sustainability. While several goals remain ongoing, the foundation laid this term positions SUO for a more resilient financial future.
