Source: UA Finance Board
Last Monday, appeals wrapped up and the UA Finance Board approved the final student group allocations for the spring. The total allocation this semester increased by 18 percent, or $16,661, since last semester. UA President Mike A. Bennie ’10 said that the allocation increase was due primarily to an increase in the UA budget, which occurred because of the Student Life Fee increased by $22 last year. According to Bennie, the Student Life Fee makes up approximately one-third of the UA budget.
UA Treasurer Alex W. Dehnert ’12 said that over-allocation decreased this semester from 15 percent to 10 percent because Finboard expects student groups to use more of the money that they are allocated. Finboard usually gives out more money than it has, because it expects student groups will not use all of the money they have been budgeted.
Last fall, Finboard allocations shrank by 16 percent. Dehnert said that the UA has already determined next fall’s Finboard allocation to be capped at $115,000. Allocations are decided the semester before, but there is an appeals process during at the beginning of each semester.