Appeals Voiced at Finboard HearingBy Sarah Y. Keightley
Editor in Chief
The Undergraduate Association Finance Board held a meeting last Thursday to decide on appeals for funding from dissatisfied or unfunded student groups.
Finboard will present the funding recommendations at a future UA Council meeting for approval, according to Finboard Secretary Douglas K. Wyatt '96. The UAC usually approves these recommendations, he said.
Finboard, which decides how to allocate funding to student activities, held the standard budget compilation meeting to set the budget and make activity funding recommendations for this term last April, Wyatt said.
Twenty groups requested funding during last week's appeals meeting, according to statistics provided by Wyatt. During the regularly-scheduled budget compilations meetings about 100 student groups make funding requests, he said.
Of the 20 groups requesting funding last week, most of them forgot to request funding last term or turned in their requests too late, Wyatt said. Few groups were appealing original funding allocations, he said.
The groups requested a total of $19,481.53. Finboard only made funding recommendations for $1,270, with half of the groups receiving recommendations for no new funding, Wyatt said.
The groups which received recommendations with high monetary values included the Logarhythms ($300), the Hawaii Club ($205), and MIT Pro-Life ($175).
Finboard "tries to be as equitable as possible," and groups realize that there are "limited resources and unlimited requests," Wyatt said.
The recommendations will not be voted on at tomorrow's UAC meeting because the council still needs to hold elections for three positions, Wyatt said.
Finboard review process
During the review process, groups turn in a written defense and each activity's budget is looked at separately on a case-by-case basis, Wyatt said.
Because funds are much more limited during appeals, groups are less likely to receive money than if they were to ask for money during the normally scheduled meetings, Wyatt said. "Appeals requests are more scrutinized" than regular requests, he said.
Student activities are allowed to give oral defenses during the budget compilation meetings. More do so during the general meetings, but three groups gave oral defenses during the appeals meeting, Wyatt said.
Though time is usually limited, "it is always to the groups advantage to give an oral defense," Wyatt said.
The Finboard has a budget of $70,000 for student activities for this year, Wyatt said. During the funding allocations for this term last April, the Finboard recommended and the UAC approved $33,000 to $34,000 for student groups, he said.
Because there are variables and student groups do not always spend all of their allocated money from previous terms, the Finboard has money to allocate during appeals meetings, Wyatt said.
Though Finboard might not grant funding to student groups, it can still recommend loans for these activities. For example, Finboard does not fund fundraisers, but it does offer loans for start-up costs, Wyatt said. The Finboard chair deals with all of the loans, he said.
At the appeals meeting, the student group Circle K requested $830 but received no money. Instead, they were granted a loan recommendation, according to Wyatt.
Finboard will have the budget compilation meeting to decide funding recommendations for the spring term on Nov. 19-20.