Big Budget, Big Budget
First the outgoing chair of the Finance and Appropriations committee, Colton Malkerson (COL ’13), talked about the finalized budget for next year. This round of allocations reflects the last major increase from SAFE reform, so the distribution of money will probably be a template for future years, according to Malkerson.
For the six advisory boards, Finapp allocated 24 percent of the $960,000 pie to Club Sports, 19 to CSJ ABSO, 16 to SAC, 10 to GPB, six to Media Board, and five to PAAC. They only allocated two percent to GUSA.
Deviating from previous years, Finapp allocated money directly to the Lecture Fund instead of indirectly through SAC. Lecture Fund still has Access to Benefits through SAC, but creating a separate allocation frees up SAC’s funds for other organizations.
Although the increase in funding for most boards was commensurate with the overall funding increase, Club Sports’s allocation decreased by $20,000 compared to last year. According to Finapp member Bridget Power (COL ’12), Club Sports received a mammoth increase at last year’s budget summit, going from $115,000 in 2011 to $250,000 in 2012. This year, Finapp scaled down that increase to make room for other projects.
In other Finapp news, the Senate also allocated another $3500 to the GUSA fund to allow them to finish out the year. According to Malkerson, the current system of funding for the GUSA fund, in which the GUSA fund has to request money from GUSA whenever it needs it, makes it difficult for them to effectively budget.