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Date: Sun, 18 Oct 2009 15:17:34 -0400 From: Alex Dehnert <adehnert@MIT.EDU> To: hwkns@mit.edu CC: Quentin Smith <quentin@mit.edu>, UA Senate <ua-senate@mit.edu> In-Reply-To: <9d4f87ed0910181215s63a5a075l89b3cf07a52ddcb4@mail.gmail.com> Because SAFO hasn't given it to me. I'll continue to pursue that, but I can apply the bandaid trivially (and it does give a faster turn-around than getting account access would give), and I can't get the reserve account access trivially. Daniel Hawkins wrote: > I'm not opposed to this bill, but it seems to me that we're patching holes > in the system instead of fixing it. Why don't we have detailed information > on what happens to the reserve account (deposits, withdrawals, interest, > current balance, etc.)? It's kind of scary that the UA Treasurer doesn't > have access to that information. > > -hwkns > > On Sun, Oct 18, 2009 at 2:25 PM, Alex Dehnert <adehnert@mit.edu> wrote: > >> 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 In theory, at least, money that rolls over into the reserve gets withdrawn 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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