PAGE 3
'f
NEW BUDGET POLICY GIVES TREASURER GREATER FLEXIBILITY IN SPRING TERM AUDIT
Student clubs who have remained active
throughout the fall vdll be eligible' for ad
ditional funds in the spring, according to a
new SGA budget policy agreed upon by Parker
Umstead, Vice President for Finance. The
policy stipulates that in the first weeks of
the spring term the SGA will submit to the
Vice President a list of clubs with supple
mental budget requests.
After fall term, the SGA will conduct
its internal audit. Club leaders will be
asked to submit a progress report and a re
quest for additional funds, if desired.
Money will be withdrawn from the accounts of
inactive clvibs euvd shift^ to the accounts
of more active clubs. SGA leaders expect
that even after this shuffling, the funds
generated from withdrawals will not be
enough to fill the additional requests of
the active clubs.
It is this discrepancy which is ad
dressed by the new policy. Becky Long, this
year's SGA Treasurer, will submit a list of
projects which could take place with more
money, and Umstead is obligated to address
these concerns. He is not obligated to re
lease any funds.
"The benefit of this policy is that the
Vice President has to justify denying funds
for very specific projects which will have
relatively small price tags. It takes the
allocation of fionds to the SGA out of the
abstract realm of 'x' amount of dollars per
student for activities in general to the
very concrete amount of money for a specific
project," says Long.
The fall audit also serves to make al
locations to clubs more fairly. In the
fall, budget requests were merely specula
tions. By the spring term, the treasurer
knows which club leaders achieve their goals
and which are pipe-dreaiters and can adjust
budgets accordingly. ■