Student organizations could have more access to funds for events if the Associated Students of CSU Senate passes a bill to move $20,000 from the rollover account from last yearâ€™s administration to the Student Funding Board, or SFB.
The bill was proposed to Senate Wednesday night but sent to an internal committee for further review and will be voted on at a later date.
The SFB, which is a branch of the Associated Students of Colorado State University, is allocated a budget that student organizations can request money from to fund on-campus events aimed at student outreach. The budget is set shortly after the administration is ratified in the spring following student government elections.
There was originally $206,000 allocated to the SFB at the end of last year, but there is only $61,642.27 left in the account. This time last year there was roughly $84,000 left in the SFB account.
Director of Finance Jordan Von Bokern said this is due to the nationâ€™s economic crisis. Companies and co-sponsors donâ€™t have as much money as they did in past years to give to student organizations, so the organizations are asking for more funding from SFB to make up for depleted resources.
Von Bokern also said student organizations are becoming more familiar with the SFB process and have been coming in earlier than usual to ask for funds to make sure they get funding before the money runs out.
ASCSU President Cooper Anderson said this was the best way he could think of to spend the $20,000.
â€œI wanted to make students feel confident that they can still fund their events,â€ he said. â€œSFB is one of the best parts of the budget because the money goes directly to students.â€
Student organizations have to meet a number of criteria to be given funding, including having already raised 10 percent of the money needed before requesting funds from SFB and only asking for $20,000 in one year.
Von Bokern is working on a new set of criteria, though, that would make the funds last longer in future years. One criterion would lower the amount that students can request from $20,000 to an undetermined amount and ask the organizations to cover more than 10 percent of the event.
He said he is still working on the plan but that these are some of the ideas he is considering.
ASCSU Beat Reporter Jordyn Dahl can be reached at firstname.lastname@example.org.