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Show Page 2 Signpost Nov. 26, 1974 Jeff Flamm views spending policies for student funds rThe World Report USES I COMPILED FROM UPI RELEASES F Ifll VENTURA CARIOCA ELDORADO Rings from $100 to $10,000 i ! Minn fir. W-WM-W i I Most of the student fees that come in this year will be spent on this year's studentbody according to Financial Vice President Jeff Flamm. He said money that is left over towards the end of the year will be spent to give students more free activities such as the free Quicksilver Messenger Service concert last year. He added "We feel like we should use the money for the students." If the money is not used by this year's council, it will be put into the reserve fund, which is under administration control. However, it may be used by students as well as administration. The reserve fund is under the control of Dr. Robert E. Foulger, financial vice president of the college. According to Flamm, Foulger likes to keep the reserve fund at about $1500. For the reserve fund to be spent by student government, the expenditure must be approved by Foulger. Special projects In the Dast. reserve funds have ueen used to finance such projects as the first "Issues 74" week last year and carpeting for the student activities center. An example of administration use of the funds is the recent ex penditure of $5000 to finance equalization of athletic funds for women. Before making the expenditure, Foulger requested Executive Council approval of the expenditure but this was not required. Student fees The money that goes into unalloted comes from student fees. This money, along with money earned on certain projects that make a profit are what pays for student activities. Among the projects that make a profit are, I.D. cards, the Signpost, student concerts, the student vehicle fleet and activities sponsored by organizations such as the recent International Student's banquet. Flamm pointed out that as long as there are student organizations, it will be necessary to have funds under unalloted. He gave as an example of this the recent Anne Murray concert which the students lost over $1,500 on. Money from unalloted is what keeps the budget balanced.Both the reserve and unalloted funds are for emergencies but the Teserve funds are for "big emergencies," in case the council runs out of money from the unalloted funds, commented Flamm. X J G(D60dSGJj ! The Lifetime Contact Lens It pays to have contacts. Contacts offer the wearer more freedom and comfort. They move with the eye to give you clear all around vision. Contact lenses really are a once in a lifetime buy. With that one single purchase you get A second pair Free That's right, you buy one pair and you get a second pair Free. Not only that, you get . . . 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My Lai implications ( Oklahoma City ) An Army officer reprimanded in 1971 for participating in a coverup of the My Lai massacre was quoted in an Oklahoma City newspaper as saying me massacre was directed by the Central Intelligence Agency. Capt. Dennis H. Johnson's report was immediately denied by the general who headed the Army's investigation of the 1968 incident. Abortion financing (Washington) Federally financed abortions for needy women will be allowed to continue under a $33 billion bill which comes up today in the House to provide funds for the Department of Labor and Health, Education and Welfare. Conferees who worked out a compromise between House and Senate versions of the bill dropped an amendment which would have forbidden use of federal money for abortions. Sugar prices (Washington) The government opened its investigation Monday into sugar operations in hopes of finding out why the grocery store price of sugar is nearing a dollar a pound, forcing up costs of products ranging from breakfast cereals to soda pop. Ethiopian execution (Addis Ababa, Ethiopia) The execution of 60 former aristocrats and officials was announced by Ethiopia's new military government as "an act of justice." N Those executed include the grandson of deposed Emperor Haile' Selassie, two former premiers and the head of the ruling military council. Israeli expansion (Jerusalem) Information Minister Aharon Yariv announced Sunday that Israel is planning to build industrial centers and expand its presence in the occupied Arab East Jerusalem and on the West Bank. He denied there was any political motive behind the move which is bound to cause anger in the Arab world. U.S. food policy (Washington) While defending American food aid programs, Agriculture Secretary Earl Butz said he hopes the recent world food conference will result in a broadening of the base of world relief. He said he was disappointed that people were critical of the United States because the U.S. record in food relief has been tremendous. |