Memorandum

To: From: Date: Re:

Allocations Members
Hoofnagle, SGA Senator
7 April 1999
"Prior year funding"

"Prior year funding" is the term that the Office of the Vice-President for Student Affairs (OVPSA) uses to describe the surplus from the student activity budget.

The OVPSA spends "prior year ftinding" on projects without student oversight. For instance, in 1995, OVPSA took $1.5 million from student activity "prior year funding" to pay for debt servicing on the SPACenter.

It is important that allocations members know how much money is in "prior year funding." There is no reason why you cannot allocate money from prior year funding to student groups who need money. "Prior year funding" is your money. If you don't allocate it to student clubs, OVPSA may allocate it to other projects at their discretion.

I urge you to inquire about the present surplus of "prior year funding." As you enter deliberations, please consider allocating this money to student groups,

If you have any questions or comments, please feel free to contact me at choof@negia.net