Word: budgeting
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...answer to the question ‘what are we spending the money on’ is obvious—just pick up the budget book and look,” she said...
This is not the sign of mismanagement or incompetence, however. In fact, the UC is doing precisely its job by distributing its budget to student organizations without delay. Although much noise will be made when the UC inevitably runs out of money and must make an end-of-the-year, across-the-board cut for all student groups in the last grants package, this practice is the most fiscally responsible, fair, and un-arbitrary way that the UC can handle its money shortage. The UC Finance Committee (FiCom) should be applauded for employing such a method already...
...this procedure argue that handing out such a large portion of funds early in the year is fiscally irresponsible, and in many ways has been interpreted as being indicative of mismanagement of the UC’s funds by UC leadership. These critics argue that the UC should simply budget at the beginning of the year so as to spread out the grants fund evenly across each week that it makes a grants package. Simple math, these critics say—dividing the UC’s total student group budget by the number of grants packages that the council...
...logic which justifies many small budget cuts over the entire school year as being inherently better than one cut at the end is fallacious; there is nothing “wrong” with an end-of-the-year cut that is not also “wrong” with smaller cuts made gradually throughout the school year. Both force the UC to make rather arbitrary cuts to student group events which it would otherwise like to fund...
Furthermore, even if the UC did choose to budget on a tighter schedule despite the great variance in grant requests, the fact would still remain that some events would be arbitrarily refused funded simply because of their date of occurrence. Weekly budgeting would simply mean that events will not happen during the school year, rather than at the end of the year. How can one make the judgment that one is better or worse than the other...