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Date: Sun, 18 Oct 2009 14:25:34 -0400 From: Alex Dehnert <adehnert@MIT.EDU> To: Quentin Smith <quentin@mit.edu> CC: UA Senate <ua-senate@mit.edu> In-Reply-To: <alpine.DEB.1.10.0910181410340.2890@dr-wily.mit.edu> Not quite. This would primarily (in my mind) allow money to be rolled over much faster --- unused Athletics Weekend money from October could be allocated in November, instead of waiting until the next April or so. In theory, at least, money that rolls over into the reserve gets withdrawn for use in the next semester's budget, though I'm not sure that that has happened in recent memory. (It turns out to be somewhat difficult to determine exactly how much money has rolled over into the reserve, since I can't directly get reports on the reserve...) ~~Alex Quentin Smith wrote: > So what you're actually proposing here is for excess committee funds to > be rolled over into finboard, instead of into the invested reserve account? > > --Quentin > > On Sun, 18 Oct 2009, Alex Dehnert wrote: > >> I wrote a bill which is available at >> http://web.mit.edu/ua/senate/UAS41/2/moving-money/moving-money.pdf. >> >> The bill authorizes the treasurer to: >> * reallocate funds from a committee to the pool of funds that the >> Finance Board helps allocate to student groups for the next funding >> period; and >> * Requires that such reallocations be approved by the committee chair >> losing said funds; and >> * That the Senate, Finance Board, and affected Chair must be informed >> of each such reallocation; and >> * That such authorization shall expire at the end of the 2009–2010 >> fiscal year unless renewed by Senate. >> >> I'm happy to answer any questions that you have. It would be awesome >> if we can get most questions out *before* Senate, so that Senate can >> be short without being much less effective. >> >> ~~Alex >>
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