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...UC??s last audit in 2007, the RMAS deemed the organization’s financial procedures “inadequate”—the result of a variety of “high and medium risk issues” that could have led to fraud or misappropriation of funds, according to UC Treasurer Brad M. Paraszczak...
Fiscal management practices that sparked concern included the UC??s failure to co-sign checks, retain documents in an organized and systematic fashion, and store files off-site in the event of damage. Another noted deficiency in the 2007 audit was the lack of a memorandum to guide the transition period between outgoing and elected treasurers, according to Paraszczak...
...majority of the UC??s funds—which are primarily from the optional $75 activities fee included on undergraduate term bills every year—go toward funding student group grants, according to Lu. She said that the UC awarded over 1,200 of these grants last year, amounting to about $500,000 in total allocated funds...
...CEB—created in 2006 to take over event planning from the UC??had been allotted $200,000 annually to plan five or six major events...
This new calendar should become the default publicizing medium on campus. While the UC??s idea to make funding contingent on using the events calendar is a good one, they should also actively discourage email spamming...