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Funding Board: Main Account Balance Policy

  1. UA Finboard and GSC Funding Board have decided to ask for total account balances from all groups that apply for funding to the respective boards with immediate effect. This includes disclosure of main, reserve, sub and all other account balances reported as a sum total, as applicable to the group. Student Activities Financial Office will confirm these balances with GSC FB.
  2. Ideally, Funding Board is looking for groups to hold events that are of general interest to graduate students. The GSC provides the money and the group provides the idea and the logistics. It really does not matter how much money the group already has - we are supporting the groups because we find that the group is contributing to the life of graduate students.
  3. The Board is very careful not to let account balances discourage us from funding groups that have a substantial balance but are holding the sort of events that that the GSC Funding Board wants to see.
  4. The GSC Funding Board understands that the account balance is not necessarily a good indicator of how much money the group has to fund events. For example, in no form would the Board let the fact that a group is saving up for a big event or purchase prevent them from getting funding for an otherwise worthwhile event.
  5. The Board will keep all such information confidential from all third parties, will work with the student groups to clarify any special situations and use account information to further understand and serve group needs.