Word: ficom
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Dates: during 2000-2009
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...President Ryan A. Petersen ’08 reported the compromise at the beginning of Sunday night’s council meeting, and it was expected to be approved by the UC’s Finance Committee (FiCom) in a vote last night, FiCom Chair Randall S. Sarafa ’09 said...
...general meeting—causing an angry Mather HoCo to threaten to secede from the UC—many UC members pointed out that every HoCo, including Mather’s, had already received an unrestricted $4,700 at the beginning of the semester. Finance Committee (FiCom) chair Alexander “Zander” N. Li ’08, who is also a Crimson editorial editor, explained that there was considerable concern that funding Mather’s foam machine would “set an unfortunate precedent” that would lead other HoCos to also expect...
Either way, FiCom will need to make tougher decisions about which events it funds. Lori M. Adelman ’08, a former chair of FiCom, has argued in this paper that when the UC looks at a grant, it is “trying hard not to make value judgments about the content of the event itself.” Given the limits on the grants fund, however, it is absurd for FiCom to avoid evaluating the events that it spends student money on—FiCom’s primary job, after all, is to determine...
...FiCom has taken one small step to ameliorate the problem: whereas student groups could previously only be reimbursed after an event took place, they can now apply for money before the event and before funding runs out. But not all groups with May events will be able to work out the budget details by March, particularly if they have to coordinate with other outside organizations or guest speakers. Further, this change could just lead to money running out sooner, as every group rushes to submit its application before the pot runs...
Funds for this year are already low, although FiCom chair Alexander “Zander” N. Li ’09, who is also a Crimson editorial editor, says he does not expect they will run out again thanks to money that was allocated but never claimed last semester. But if demand in the final two grants packages exceeds the amount left, hopefully FiCom will demonstrate some initiative and responsibility in deciding where the remaining money goes rather than re-imposing last year’s indiscriminate cuts...