LANDMARK UNIVERSITY STUDENT

COUNCIL (LUSC) 2019/2020

BUDGET

FISCAL YEAR 2019-20

LUSC 2019/2020 BUDGET AT A GLANCE
N N

7,471,000.00
INCOME

EXPENDITURE:

RECURRENT EXPENDITURE
1,965,000.00

CAPITAL EXPENDITURE 4,019,375.00

(5.984,375.00
)

SURPLUS 1,486,625.00
 LUSC STATEMENT OF INCOME AND EXPENDITURE FOR 2018-2019 FISCAL YEAR

INCOME: NOTES N N N

Cash at Bank 341,000

LUSC Dues 7,200,000.00

LUSC Luggage Collection Scheme 100,000.00

Business Unit 100,000.00

TOTAL INCOME 6,601,000

EXPENDITURE:

RECURRENT EXPENDITURE

Administrative Expenses 460,000

Conferences and Seminars 200,000

LUSC Website Design 50,000

SRC Legacy week 500,000

Variety Nights 1 50,000

520,000

Eden’s Experience 200,000

TOTAL RECURRENT EXPENDITURE 1,800,000

CAPITAL EXPENDITURE

College programs 100,000.00

Intra University Creativity Challenge 200,000.00

LUSC Library 40,000.00

LUSC Poultry Project 300,000.00

Matriculation packages (Picture Frame

,Souvenir) 1,000,000.00

Office Allocation 1,684,375.00

Marker Boards 80,000.00

Tithe 565,000.00

TOTAL CAPITAL EXPENDITURE 3,469,375.00

SURPLUS 1 ,331,707.00

NOTES TO THE STATEMENT

1. LUSC DUES
 N
LUSC DUES:
2000 X 2100 returning students) 4,200,000
(3000 X 1000 matriculating students) 3,000,000
7,200,000.
Service charge (500 X 3,100 students) 1,550,000

NET LUSC DUES 5,650,000

The estimate is based on the total number of 2,000 students and 1000 matriculating
students factoring the increase in the student council due of #2,000 and #3,000 for the
returning and matriculating students respectively.

2. LUSC LUGGAGE COLLECTION SCHEME

The LUSC luggage collection scheme is been expected to generate this amount for the
semester while that of Omega will be handled by the new student council.

3. SALES OF LAPEL PIN AND WRISTBAND

This represents the sales of lapel pin and wristband expected to be generated between the
month of July and December.

4. ADMINISTRATIVE EXPENSES
 N
ADMINISTRATIVE EXPENSES:
BUS Servicing (#10000*4) 40,000.00

Bus Repairs 100,000.00

FUEL 120,000.00

IMPREST 200,000.00

TOTAL 460,000.00

BUS SERVICING
BUS servicing would be twice in every semester that is (#10,000 X 4) for alpha and omega
semester.

BUS REPAIRS
LUSC bus would need regular and periodic servicing as well as basic repairs to avoid
breakdown during the academic session.

FUEL
This represents the amount to fuel the LUSC bus monthly for logistics (such as luggage
collection, health center emergencies, directorate affairs) as may arise from time to time.

IMPREST
This amount will cater for any urgent need of the council for the session.

5. CONFERENCE AND SEMINAR

The amount stated represents the expenditure expected to be disbursed for conference and
seminar. This is to help build capacity for students as they rob minds with captains and
giants of industries.
6. LUSC WEBSITE DESIGN
This is in conformity with best practices around the world. The website will provide the
platform for easy interaction with our students, information can be well articulated for all
to see and it will also serve as an archive for past, present and future student’s leaders.

7. LUSC SUMMIT

N
LUSC SUMMIT:

CAPACITY BUILDING SUMMIT 240,000.00

POSSIBILITY MENTALITY SUMMIT 240,000.00

SECRETARIES SUMMIT 70,000

TOTAL 520,000.00

CAPACITY BUILDING SUMMIT

The amount budgeted will encompass the facilitators' welfare which include transportation,
feeding and honorarium. Capacity Building Summit is aimed at sanitizing the students on
the need to build capacity by laying the foundation for solution-based thinking.

POSSIBILITY MENTALITY SUMMIT

The amount budgeted will encompass the facilitators' welfare which include transportation,
feeding and honorarium. PMS is aimed at sanitizing the students on all-round excellence as
well as instilling in every student the rudiments of what and how to make a business work.
 SECRETARIES SUMMIT

The Secretaries Summit is a program organized by the Secretariat Unit of the LUSC aimed
at building leadership capacities in student leaders by practical Leadership Session and
Workshop Sessions. This is the Second Edition following the maiden edition which held last
year with records of transformation. The budget covers facilitators feeding transportation
and welfare of participants, certificates will also be issued to participants

8. SRC LEGACY WEEK

The amount budgeted will encompass accommodation and feeding for 3 nights including
transportation and honorarium for the facilitators. The LUSC legacy week is an annual event
of the council which normally holds towards the end of each council tenure and it is aimed
building the capacity of leaders at every category and also tends to highlight the
achievement of the student council, the amount will cover the feeding, accommodation,
transportation and honorarium for all the facilitators.

9. VARIETY NIGHT

This amount will be used by the campus life committee of the council to facilitate each
variety.

10. LUSC LIBRARY

The amount budgeted will be used in the acquisition of books for LUSC Library. This is to
help build our leadership capacity by broadening our horizon by accessing materials that
builds a total man.

11. MATRICULATION PACKAGE

The amount represent the fund budgeted for the matriculation souvenirs for 1000 students.
The intention is to present each matriculant a picture frame with their matriculating picture.
12. BUSINESS UNIT COMMITTEE
 The business unit committee is in charge of overseeing the activities of students that do
business on campus and this amount as stated in the budget will help finance its projects as
stated in the proposal.

13. GIFTED HANDS MATERIALS

The gifted hands team is targeted at encouraging the innovation and creativity of students in Landmark
university. This amount captured in the budget will be for the purchase of materials they need such as
permanent marker, razor blade, top bond, wrapper, brushes, cardboards, staple pins, frames etc.

14. TUTORIALS
With the pursuit of academic excellence in mind, tutorials have been set up. The amount captured in
the budget is to finance teaching materials and periodic refreshment for the tutors throughout the
session.

15. OFFICE ALLOCATION

OFFICE ALLOCATION:

COUNCIL SECRETARIAT 141000

OFFICE OF THE PRESS SECRETARY 360,375.00

OFFICE OF THE REVOLUTIONARY SQUAD 61,000.00

OFFICE OF THE COMMUNITY DEVELOPMENT OFFICER 55,000.00

OFFICE OF THE WELFARE SECRETARY 897,000.00

OFFICE OF THE AGRO-REVOLUTION OFFICER 120,000.00

OFFICE OF THE SPORTS COORDINATOR 50,000.00
TOTAL 1,684,375.00

COUNCIL SECRETARIAT
 The breakdown of the Budget is as follows Laptops for the Community Development
Secretary Office and the Student Agro revolution Officer. These are needed for record keeping
and other activities that will facilitate its successful operation.

The printer is needed to facilitate the printing of weekly bulletin and LUSC magazine to aid
the effective functionality of the office of the Press Secretary and The Public relations officer.

The Hard Drive This will be necessary as the current systems which run the secretariat are
currently occupied with council files from the first council and as such reduce the current space
available to the secretariat. The hard drive will also be used to backup all council documents
ina bid to ensure continuity

OFFICE OF THE PRESS SECRETARY

The breakdown of the expenditure is as follows:

 Camera Microphone TAKSTAR SGC-598 Interview Microphone for Nikon/Canon

Camera/DV Camcorder
 Microphone Furry Windscreen Muff (Neewer® NW-MIC-121 Outdoor
Microphone Furry Windscreen Muff for MIC-01 MIC108 MIC-121 Stereo
Microphone, TAKSTAR SGC-598, NW-598, SHENGGU SG209 SG108 & Similar
Mics)
 Memory card nikon camera (d3400) bundle
 Grey photography backdrop
 Camera tripod stand
 Speed light backdrop stand kit
 Reflector
 press tag and press frame. For members

The price tag represents the prevailing market price from Jumia. These materials are of
necessity and they will help in facilitating information gathering. This can also help generate
revenue in times of University's event like Matriculation and Convocation.

OFFICE OF THE REVOLUTIONARY SQUAD

 The amount is for the purchase of Spy Gadgets (three spy glasses, two spy pen and
recorded) I.D Cards and Revolutionary Squad Jackets members as well as for refreshments
during meetings with revolutionary squad members.

OFFICE OF THE COMMUNITY DEVELOPMENT SECRETARY

This represents amount to be expensed during the Community impact week which includes
washing of cars for staffs, visit to omu-aran community especially to omu-aran secondary
school and omu-aran market, provision of more waste bins, cleaning of marker boards in
the college buildings.

OFFICE OF THE WELFARE SECRETARY

The commonwealth Day at # 296,600 It is a way we show love to students from the
LUSC platform. It occurs twice in a session and food that will be served are jollof rice, beans,
fufu, fries and zobo.

The Kings Meal P;atform at 130,400 The kings’ meal is aimed at providing provisions for
our kings and queens during the exam period for both semesters.

OFFICE OF THE AGRO-REVOLUTION OFFICER

This represents the amount to be expensed for the cultivation of potatoes groundnuts and
other crops as well as Farm maintenance and welfare coupled withy farm inputs in terms of
implements and tools

16. REFUND OF LOAN

The amount stipulated represents the refund of loan collected for producing souvenirs.

17. TITHE
 This represent ten percent (10%) of all income expected. This is a new idea and in line with
God's word as Abraham did.
18. EDEN’S EXPERIENCE
An event organized by the LUSC to serve as a platform students for students to show their
prowess in music and dance with special emphasis on comedy. It is brought up to give a
robust campus experience for students.
19. INTRA UNIVERSITY CREATIVITY CHALLENGE
This is aimed at harnessing the potentials in students by engaging them in brainstorming
competitions to proffer relevant solutions to the challenges that face Landmark University
Community