With great power comes great fiscal responsibility
By Rishi Shah | Apr. 26, 2022The Student Finance Board (SFB), responsible for allocating roughly $1.9 million to Recognized Student Organizations (RSOs) throughout the academic year, holds a pivotal role in determining the fate of potential events at the College. Made up of 19 students, SFB is designed to distribute the Student Activity Fee (SAF) “in a financially responsible manner,” with members of SFB “expected to act in a fiscally responsible manner regarding the appropriation of Student Activity Fees.” According to its Funding Guidelines, SFB can use financial and nonfinancial metrics to determine if an event is “fiscally responsible.” The only concrete rule in place is the cost per student metric that states that an event’s cost per student cannot exceed the total SAF charged to each student per year – $299.56. However, there has been concern as of late over the consistency of SFB’s decisions in funding certain requests over others, especially after they instituted a temporary pause in funding early in the spring 2022 semester.
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