SGA allocated $5510 to the Public Relations Student Society of America and the Green Bear Coalition, an environmental sustainability group, using money from their reserves account during their Oct. 9 meeting, despite the Financial Accounting department delaying SGA’s funds transfer. 

“We have a few different accounts, and one of those accounts is our reserves account,” Vice President of Finances Phoenix Vu said. “At the end of each semester, we can dump whatever’s left over. We have money from there to pull.”

Vu said this “is a normal thing we do every year.”

“I emptied out accounts and put all of our funds into our reserves account in mid to late July, so we’ve been pulling from our reserves account since then,” he said.

Vu said the delay hasn’t “hindered anything.”

“Since we do have that reserve money, everything is so smooth,” Vu said.

Associate General Counsel and Compliance Officer Adam Rose said Financial Accounting totals how many students are enrolled around mid-September since each student pays an activity fee in their tuition. The total is then deposited into SGA’s funding account.

However, Financial Accounting hasn’t done a census yet.

“We’re hopeful that will occur soon,” Rose said. 

“Once they deposit the student activity fee into our account, then they divvy it up per our constitution, which 87.5% stays for [student activity fee allocation], and the rest of it goes to general and the other accounts that we have,” Rose said. 

“[Vu] will then go back and reconcile all the money we’ve spent from reserves and deduct that from the amount that’s in the SAFA account or the general account of whichever one, and then take the money and put that back into reserves,” he said.

“Everything we’re giving right now is from our reserves account,” Vu said.

SGA allocated $910 to PRSSA to attend the annual ICON conference.

“Finance Committee met and talked over their budget,” Vu said. “We decided that the conference will be great professional development.”

SGA also allocated $4,600 to the Green Bear Coalition to fund the Lewis Science Center Atrium project. 

“The Finance Committee and I think that was a really, really good budget and aligns with a lot of the goals that we talked about at the retreat,” Vu said.