SGA recently met with upper level financial officers to discuss making a budget for student organizations for the upcoming fiscal year.
Jackson Suss, SGA treasurer and junior financial management major from Weatherford, said SGA is still working on a budget for the year.
“We are still in the early stages on how much we need for certain activities and organizations,” Suss said.
Historically, SGA is able to provide for 60 percent of requested funds for the organizations on campus. So far, SGA is still meeting with organizations to set an expected budget. SGA has a planned senate meeting to look over the overall budget for the year the week of Sept. 21.
“Our plan for the budget is just the same things we have had every year,” said Nathan Marshall, CFO and sophomore financial management major from McKinney. “We use four criteria in our model and based on last semester’s data and those factors, that is what the budget is based on.”
The numbers for the budget are not completely set. However, due to some misallocation of funding there was a slight cut. SGA and ACU financial officers are working to solve this issue.
“The historic documents that we used were slightly arrant in their mathematical equations,” Suss said. “However, they are correcting this error.”
This year, due to the error, SGA is pushing a fundraising pool for student organizations on campus. SGA will match up to $200 that the organizations are able to raise.
“Normally, in a normal given year, we aren’t able to fully fund organizations, which this is unfortunate,” Marshall said. “It probably means the organizations cannot do the events to the full extent, but this is why we are pushing fundraising.”
Despite SGA still working on the budget, there is confidence they will get the same amount as last semester to fund organizations.