By the end of tonight’s ASUO Senate meeting the surplus fund gained $44,234. That’s right, gained.
The Child Care Subsidy returned $45,000 to the surplus fund which, after taking into account other funds allocated at senate, put the surplus at $97,160.
At the meeting, senators discussed whether the returned money should remain in the surplus or go directly into the roll-over fund. All left over surplus funds automatically go into the roll-over fund at the end of the year, which goes to next year’s surplus.
If the funds were left in the surplus, students and groups could request them for the rest of the year.
“This year’s seniors who paid the i-fee would have a chance to use the money if it wasn’t rolled over,” Senator Amy Jones said. “I dislike displacing the money further and further out.”
Some senators felt that the best course of action would be to save the funds for next year.
“I am wholeheartedly against spending money for the sake of spending money,” Senator Losner said. “I’m leaning towards putting it in the roll-over fund.”
If the returned funds were put in the roll-over account, they could still be accessed by a vote of 2/3 of the ASUO Senate.
Senate will further discuss where to put the returned surplus funds at next week’s ASUO Senate meeting.