GUSA’s FinApp budget, explained
The budget for the fiscal year of 2015 includes some new and exciting initiatives. For the first time in its 225 years, GUSA will fund Georgetown Day directly (so that the groups organizing it doesn’t have to petition other boards for money). The event will cost $16,900 of the budget’s total.
The second new addition to the budget is the creation of the “Sunny Day Fund.” FinApp chair Seamus Guerin (COL ’16) explains: “it was something I proposed in order to account for new ideas that Trevor, Omika and other GUSA people would have deeper into their tenure.” Any Georgetown student, with the help of his/her Senator, can use the fund to request an appropriations bill. The fund currently consists of 2,000 dollars.
Two specific programs were cut from this year’s budget. Firstly, FinApp did not provide any funding for class committees. “We believe that the money we would have allocated the class committees can better serve Georgetown in other ways and make a larger impact on student life elsewhere,” explained Guerin.
A similar argument was made for the removal of the collegiate readership program. The board decided to ax the program and redistribute the money elsewhere, 14,000 dollars to be exact, to provide for programs such as two new Alternative Spring Break Trips; the board gave CSJ-ABSO $12,000 more than last year. FinApp members argued that undergraduate students rarely used the newspapers and that $14,000 could be used elsewhere to more directly affect student life on campus.
Georgetown Programming Board received a minor slap in the face in terms of the decrease in their funding and the reason for that decrease: “The committee believes that GPB could reallocate its funding among its own programs in order to finance some of these events. Additionally, the Committee feels that GPB has not proven the necessity of many of its underutilized programs,” wrote senator Abbey McNaughton (COL ’16) in the proposal.
Luckily for Vox, Media Board received a 2.98% increase in funding that very well could have resulted from the program’s removal. Though it should be noted that GUSA decided to allocate more towards Media Board due to an average $30,000 loss in reserves for FY13 and FY14. (Oops. Vox will try to keep her spending in check.)
“Finance is not black and white,” Guerin reminds us. He explains that the board had to cut initiatives they no longer felt strongly about in order to make room for new ones.
Vox broke down how much these programs cost per student (a.k.a. where $156 of your tuition will go next year). Here’s a bar chart and a graph illustrating this. Vox made these herself and is quite proud.
Fancy interactive charts by Isabel Echarte