Word: terming
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Dates: during 1990-1999
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Council President Beth A. Stewart '00 announced the unexpected funds at Sunday night's council meeting. The money is the result of unused term-bill fees rolling over from year to year...
...according to Coordinator of Student Activities Susan T. Cooke, council treasurers are regularly "made aware of [their] balance" in addition to their annual term-bill revenues whenever they tap term-bill funds...
According to Stewart, the council did not receive a balance statement from the University until this year. In the past, she said, it had been notified of each year's term-bill revenues, but never of the amount remaining in their University account from previous years' term-bills...
account, which had accumulated approximately $40,000 over and above the annual term bill distribution," Cooke wrote in an e-mail message...
Lamelle D. Rawlins '99, Stewart's predecessor as council president, said she had never been told of the balance's existence either, though she was aware that some term-bill roll-over from previous years existed...