As our university fights through tough financial times, student organizations also feel a significant impact upon their pocketbooks. Though GSB will not directly see financial losses (since its funds are received from student activity fees), groups funded through college councils rather than GSB have already begun feeling the impact upon their budgets. Colleges have had to drastically decrease the amount of funding they pass to student organizations, leaving these groups searching for other sources of funding. With fundraising opportunities sparse and corporate sponsorships also limited by tough economic times, some student organizations face extreme difficulties in making their financial ends meet.
The Roling/Dobbels administration recognizes the need for certain restrictions in the GSB funding process. A vast majority of organizations receive funding from GSB since there is no other source from which they can directly receive funds. It is GSB's responsibility to make sure the needs of these groups are met. However, it is important that GSB practices wise and efficient use of its funds in these trying economic times. Many student organizations across campus are only minimally eligible for funding through GSB. The recent creation of the GSB Events Account allows GSB to fund any student group for events entertaining and open to all students. This is a strong first step toward using fees to benefit students in the best way possible.
Nate and I are committed to working with the GSB Finance Director and Finance Committee to streamline the GSB finance rules and processes so students can have as many opportunities available as possible. We will work to adjust rules as needed to provide students with the best possible use of their funds. Nate and I recognize certain restrictions need to remain in place; however, we are committed to working out different aspects of funding that will be key in developing partnerships across campus.
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