|
|
|
|
|
|
|
|
|
|
|
|
| home | help | back | first | fref | pref | prev | next | nref | lref | last | post |
Date: Tue, 20 Oct 2009 03:18:32 -0400 From: Alex Dehnert <adehnert@MIT.EDU> To: Alex Dehnert <adehnert@mit.edu> CC: UA Senate <ua-senate@mit.edu> In-Reply-To: <4ADD0FD6.5000600@mit.edu> Alright, have some amendments. Again, new bill text at http://web.mit.edu/ua/officers/treasurer/Public/FY10/2009-10-moving-money/moving-money.pdf. Pending objections, I'll be proposing a series of amendments that leads to that bill on Monday. If you know how to use Git, you can see the detailed series of diffs that leads there. One bit of information regarding why this is valuable. Current timeline: ~late October 2009: Spring 2010 budget process begins ~November 2009: Groups apply for Spring 2010 allocations ~December 2009: Spring 2010 allocations approved by Senate ~December 2009: Spring 2010 budget (including money that will be spent in Fall 2010 by groups) ~January 2010: Fall semester ends. In theory, the rollover into the reserve from Fall 2009 becomes known. ~October 2010: Fall 2010 budget approved. This budget is the first one that *can* take into account rollover from Fall 2009 --- and that assumes a treasurer who can successfully get the rollover information. This budget includes money that will be spent in Spring 2011 by student groups. Possible new timeline (for some money): ~November 2009: unused money from part of Fall 2009 becomes known. It gets reallocated into the pool Finboard proposes to allocate for Spring 2010. ~November 2009: Groups apply for Spring 2010 allocations ~December 2009: Senate approves Spring 2010 allocations to groups (which includes some unspent money from Fall 2009). In short, this bill: * Allows greater certainty of rollover happening properly --- the treasurer is more likely to know that the Athletics Weekend went under-budget in the first few months of his term than that it went under budget a year before his term. * Allows faster turn-around of the money --- (some) money in the Fall 2009 budget is available for Spring 2010 allocations (the same cycle as it would have been available for if the budget had been fully accurate), instead of Spring 2011 allocations (two semesters later). Unfortunately, there aren't many ways to reduce this cycle time without * including a provision like this * approving the spring budget after the fall one runs out, which presumably requires spending money unbudgeted in spring as well as fall * having Finboard recommend money for allocation (and probably having Senate approve said allocations) before it knows how much money is available Personally, I prefer the first of these... If you can think of another solution, by all means let me know, but I'm doubtful... ~~Alex Alex Dehnert wrote: > Since we postponed this a week... > > If you have questions: Please ask them explicitly. Otherwise, no > guarantee that you'll get an answer... I'm not psychic. > > I'll probably put together some more information shortly, but I > encourage some discussion to happen here besides that. > > ~~Alex > > 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 >
|
|
|
|
|
|
|
|
|
|
|
|
| home | help | back | first | fref | pref | prev | next | nref | lref | last | post |