Word: ficom
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Dates: during 2000-2009
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...other business, Finance Committee (FiCom) chair Teo P. Nicolais ’06 kicked off a heated debate by announcing a proposal to add an additional council representative from each House...
Nicolais said that the increase in the size of the grant fund due to the term bill fee hike necessitates additional members to handle the overwhelming number of grant requests from student groups this year. According to Nicolais, the FiCom currently has 248 grant applications to process and can only handle a maximum of 77 grants per week...
Aaron D. Chadbourne ’06 expressed concern about the additional representatives because under Nicolais’s plan the FiCom would have two members from each House while SAC and the Campus Life Committee (CLC) would have only one from each, giving FiCom half of the council’s voting members. SAC will review the proposal, and the council will vote on a potential bill later in the semester...
...council cannot currently fund every request made by campus student groups, and it should not attempt to. Among the numerous projects the Financial Committee (FiCom) rejected (or denied full funding to) in the past year can be found a $15,000 grant request of the Automotive Society for a go-kart expedition and a host of other white elephant undertakings...
...past few weeks, fee hike proponents have circulated a sexy (though misleading) figure that suggests that this year’s council has only funded 38 percent of student groups’ total grant requests. A closer examination, provided by a recent analysis of four grants packages authored by FiCom chair Teo P. Nicolais ’06 (himself a proponent of the fee hike), reveals that the council in fact funds nearly 70 percent of all applicants that request less than $750. These applications account for the vast majority (86 percent) of all grant requests. These numbers hardly provide...