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2 Friday, September 14, 2001 Student Congress Finds Funds By Karey WiTKOwsKi Assistant University Editor Student Congress’ bleak financial out look has brightened after officials locat ed about SIB,OOO that the former student body treasurer tucked away in a sepa rate investment account. Finance Chairman Tony Larson said former treasurer Patrick Frye didn’t tell anyone he transferred money that should have been in Congress’s check ing account into an account for invest ment reserve funds. Larson speculated that Frye, who graduated in May and is now a Harvard law student, put the money in the invest ment account so it could accrue interest But because Frye did not notify any of the officers about the SIB,OOO in the investment account and because Frye neglected to pay the Student Activity Fund Office $40,000 in operating costs last semester, Congress initially thought it was dealing with a significant shortage of funds this semester, Larson said. “There are a lot of things that are the last treasurer’s fault,” he said. But Frye said Larson’s accusations are unfounded. When figuring the annual budget last year, Frye said, he set aside $40,000 to pay SAFO, and Larson should know the money’s location. Frye also said his transfer to the investment account was a move he made often so money could be accessible while accruing interest Since discovering the funds in the F'-iIJTTsE-'litFEi 706 9th St. • Durham • 286-7262 (next to Francesca's) 83 S. Elliott Rd. • Chapel Hill • 933-3003 (next to Wellspring) 118 E. Main St. • Carrboro • 933-5544 (across from Weaver Street Market) ' "I In memory of the victims whose lives were eliminated hy the face of evil “May God have mercy on the guilty... because we will not." Senator John McCain September 12,2001 jj , 11 , w ■ i.■.u.pyyj-y IF YOU THINK A NIGHT IN A FOXHOLE IS TOUGH, TRY A LIFETIME IN A CUBICLE. The U.S. Army offers 212 different career opportunities in fields ranging from medicine, construction and law enforcement to accounting, engineering and intelligence. You’ll be trained. Then you’ll use those skills from the ' first day on the job. It’s a great way to start moving in the direction you want to go. Find One of 212 Ways to Be A Soldier atGOARMY.COM or call 919-490-6671. Contact your local recruiter. flmnMTnji] And we’ll help you find what’s best for you. investment account last week, Larson said the original bleak estimation of $11,500 in fall subsequent appropria tions has about doubled. “There is no great crunch on funds," he said. Subsequent appropriations, which Congress doles out in the fall and spring, are composed of reversions and leftovers from the annual February budget process. He said the roughly doubled projec tion of about $23,000 in fall subsequent appropriations will increase even more when SAFO receives and knows the exact amount of fall student fee allotment But Larson said before all the $23,000-plus in fall subsequent appro priations is freely “The good thing about the money being put in the ... account is that it earned a good amount of interest. ” Tony Larson Finance Chairman accessible, he must have Congress pass a bill that allows him and Student Body Treasurer Kativa Parker to access the funds. After Frye put the SIB,OOO into the investment account Larson said an auditor combined that account with Congress’ emergency funds account. Congress cannot access the emergency account which must maintain a $40,000 balance, without a two-thirds vote. If the bill passes, Larson and Parker will be able to draw funds from the emergency account if there is an excess of $40,000. —G* — Sunday, September 16 Field Hockey vs. Wake Forest 7 pm at Francis E. Henry Stadium Men’s Soccer vs. UNC-Greensboro 2 pm at Fetzer Field Volleyball vs. William & Mary 7 pm at Carmichael Auditorium Free Admission TTarrtart sports shorts Students & Faculty Admitted FREE w/ID! This bill, which must be presented before the Rules and Judiciary Committee, would allow the two to freely access and appro priate the SIB,OOO currently resting in the fund. And Larson said the discovery of the SIB,OOO has given Congress more breath ing room. “We could come up to a normal amount of funds,” he said. Sophomore Scott O’Day, founder of the new group Students for a Free Tibet, came before the finance committee Thursday evening asking for $792.06 - an amount he decreased after hearing reports that Congress had very limited funds. O’Day and fel low group mem ber sophomore Kate Witchger left the meeting pleased with the committee having favorably recommended a whittled down request for $382.97. “We’re happy we got anything,” Witchger said. And in the end, Larson said there was some good that came out of Frye not putting the reversions money in SAFO’s checking account. “The good thing about the money being put in the invest ment account is that it earned a good amount of interest - SI,OOO at least.” The University Editor can be reached at udesk@unc.edu. ifSFTpijjpfr Get your ISIC 'rfs Get your ticket -wo' & >1 Get outta here!!! % ISIC 2002 s22 for a world " v of savings! ’■ V ■ Enjoy local and worldwide discounts for students only! LONDON PARIS BRUSSELS $463 $531 $556 "Fares are roundtrip and subject to change. Taxes additional, restrictions apply. 308 w Rosemary Street - CfitmcH Chapel Hill tr<ivd JP 919-942-2334 1-800-2 COUNCIL Americas Leader In Student Travel WWW.COUfICHtraVeI.COni Sell for one of the best dailies in the nation. The DTH ad staff is looking for Assistant Account Executives. "Working on this ad staff taught me more than across ever aid. I loved making areat contacts ana working right m me heart of campus.” -Katie Bowden Marketing Consultant Chapel Hill Herald For more info or an application, call Nicki at 962-4102 or Chrissy at 962-0175. The Daily Tar Heel MN Suite 104 Carolina Union News The University and Towns In Brief Town to Honor Lost Lives, Rescue Efforts In response to Tuesday’s attacks, Mayor Rosemary Waldorf and the Chapel Hill Town Council will be spon soring a community observance cere mony today at 9 a.m. The event, which will be held at the Franklin Street Post Office, will honor those who lost their lives in Tuesday’s tragedies and those participating in die many ongoing rescue efforts. For more information contact 968- 2700. Hooker 5K Postponed, Hopefully Rescheduled The Hooker 5K run, previously scheduled for Saturday, has been post poned due to the cancelation of this weekend’s home football game and out of respect for Tuesday’s terrorist attacks, officials said. Organizers said the event hopefully will be rescheduled for noon, Sept. 22 before UNC’s home football game against Florida State University at Kenan Stadium. This time is not yet confirmed. All money received so far will still be donated to the Lineberger Cancer Center. Any questions regarding the event should be directed to Carolina Cancer UCIS University Center for International Studies ipty ]or a MMOM! Fulbright U.S. Student Program: Gives graduating seniors and graduate students opportunities for international experiences. UNC Deadline: September 28 Fulbright-Hays Dissertation Research Abroad Grant: Allows Ph.D. candidates to engage in full-time dissertation research abroad in modern foreign languages and area studies (excluding Western Europe). UNC Deadline: October 2 Info: www.unc.edu/depts/ucis/funding or email tessa dean@unc.edu Focus Chairwoman Erica Simon at 914- 8045. Biochemistry Professor Elected to Society Biochemistry and biophysics profes sor Barry R. Lentz was elected to serve on the Biophysical Society’s Council for a three-year term. Founded in 1956, the society is a pro fessional organization that promotes the development of knowledge in bio physics. Lentz will take the post in Feb. 2002. Bach, Tchaikovsky Featured in Concert A free concert by the UNC Symphony Orchestra will be held at 8 p.m. Oct. 9 in Hill Hall auditorium. Works performed include Tchaikovsky’s “Suite from Swan Lake" and an orchestration by UNCSO con ductor Tonu Kalam of a Bach solo vio lin piece. Senior Tara Schwab will perform a solo flute composition by composer Malcom Arnold. Schwabb was last year’s winner of the UNCSO concerto competition. Local Store Launches Donation Program Food Lion and Kash n’ Karry stores have paired up with the American Red Cross to raise disaster relief funds. Customers can make donations until Sept. 29 by adding a contribution to their final bill at the checkout counter. Donations will be accepted at all of the 1,100 Food Lion store locations and 140 Kash n’ Karry stores. The American Red Cross donation program, dubbed “Your Help Counts,” hopes to raise more than $200,000 in disaster relief funds for the victims of ■R Monday, September 17 vRU Morehead Planetarium Ballroom A MB Experience needed tB ■ in one of the following: gEBL * salsa Bk * hip hop B W * techno/club B * African M |HL • modern Parents’ Weekend OPEN HOUSE APARTMENTS Now accepting applications for Summer and Fall 2002. Sign up early! ~ Chapel Hills Finest ~ Visit us Saturday or Sunday 10am-4pm ~ 919-929-8020 Safety, Security, Convenience, & Style 316 W. Rosemary St., Chapel Hill, NC 27516 (Eljp Satly (Ear Mrel Tuesday’s terrorist attacks. Exhibits to Highlight Chapel Hill History The Chapel Hill Museum, located at 523 E. Franklin St., will be hosting exhibits featuring Lincoln High School and the Girl Scouts of Chapel Hill. “Lincoln High School: Mighty Tigers" is a multimedia exhibit docu menting Chapel Hill and Carrboro’s black high school during the years of segregation. A supplement to the Lincoln High School exhibit documents the civil rights movement in Chapel Hill. “Girls Scouts of Chapel Hill: Past and Present” traces the changes in scouting over the past century and documents the history of Chapel Hill troops. For more information please contact 967-1400. Prevention Center Looking for Volunteers The Family Violence Prevention Center of Orange County is looking for volunteer crisis line advocates, court advocates, community educators and childcare providers. The center, located at 201 E. Rosemary St., will be hosting volunteer training sessions starting Sept. 20. The training sessions will be held every Tuesday and Thursday from 6 p.m. to 9 p.m. until Oct. 11. Two Saturday ses sions will be held on Sept. 29 and Oct. 13 from 9 a.m. to 5 p.m. The center provides information, support and advocacy to victims of domestic violence, their friends and family members. For more information contact 929- 3872. Campus Calendar Sunday 7 p.m. - Kappa Psi Pharmaceutical Fraternity is having formal rush at the Kappa Psi house at 7 p.m. today and Monday. Interested stu dents only have to come to one night. Professional dress is required. Call 968- 9971 for more information. Tuesday 12:30 p.m. - The Sonja H. Stone Black Cultural Center will host Dr. Tradier Harris, J. Carlyle Sitterson Professor of English. Harris will discuss “Saints, Sinners, Saviors: Strong Black Women in African-American Literature,” her latest publication scheduled for release this fall. The event will take place in Union 205. dbr Sally dar Hrrl RO. Box 3257, Chapel Hill. NC 27515 Katie Hunter, Editor. 962-4086 Advertising & Business, 962-1163 News, Features, Sports, 962-0245 © 2001 DTH Publishing Corp. All rights reserved
Daily Tar Heel (Chapel Hill, N.C.)
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Sept. 14, 2001, edition 1
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