Society spends $12,000 on concert

SFSS Treasurer Emad Shahid brought a drafted statement of expenditures and revenues for the Kickoff Concert, held on Sept. 23. The statement outlined the budgeted expenses in comparison to the actual final costs, as well as the revenue brought in through tickets and sponsorships.

The final deficit, including all costs and revenues, was $12,607.69. The deficit is based on a “conservative budget,” according to Shahid, of $56,000, while the actual approved funding for the concert was $63,000.

Total expenses for the event were $56,732.21, over the conservative budget by $732.21. The total revenue of the event was $44,124.52, largely comprised of over $36,000 in ticket sales and $7,300 in sponsorships.

Overall, Shahid described the event as “very well managed, financially.”