The planned GUSA Fund would make it rain

Leaders from all six advisory boards voted against creating the GUSA Fund at a Funding Board meeting today, but the Finance and Appropriations Committee will still be able to pass the GUSA Fund through the Funding Board without their approval.

At the meeting, advisory board leaders voiced concerns that GUSA would not have the knowledge to run the GUSA Fund. They asked what kind of experience the GUSA Fund members would have, how GUSA would know if events were duplicities of events that already existed, and how the GUSA Fund would handle clubs that went over budget.

GUSA senators also learned at the meeting that the Funding Board has $51,412 in reserve, unlike $69,687 like they had previously believed. The GUSA Fund plans to draw $30,000 from that reserve, meaning the GUSA Fund will now require more than half.

GUSA Speaker Adam Talbot (COL ‘12—LXR) said the GUSA executive will be looking for GUSA fund members who can bring both funding experience and club management experience. In regards to event duplicities, Finance and Appropriations Chair Nick Troiano (COL ’11—Village A, A-D) replied that because of access to benefits, advisory boards would still need to approve official club-sponsored events before the GUSA Fund could allocate funds.

Advisory board members suggested this would make an already tedious process even more bureaucratic.

“Clubs are looking for funds, and they’re willing to jump through hoops to get it,” GUSA Chief of Staff Tim Swenson replied. “While we’re trying to make it as streamlined as possible …. this is our way of addressing that temporarily.” [Edited at 10:21 p.m.]

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