Funding board will discuss reserve money

Reserve account usage will be the main focus of Thursday’s Apportionment Board meeting.

The Apportionment Board meeting will be 7 p.m. Thursday in the Tuscola Arcola Room of the Martin Luther King Jr. University Union.

Amy Leonard, vice president of Student Affairs and AB chair, said Student Government will present the resolution to change the amount held in the reserve fund from the current $100,000 to $75,000.

The Apportionment Board bylaw states the reserve account needs to be maintained at $100,000 except in the event of dire emergencies, and Student Government recommended the Apportionment Board consider revising this bylaw.

Leonard said students pay into the reserve account from student activity fees.

She said the students need the present monies for funding new equipment for their Student Recreation Center and for other places where there have been budget cuts.

Rec center director Ken Baker presents a proposal at the meeting for more equipment.

Leonard had planned to change the amount held in the reserve account from the beginning and the rec center request is not her primary motivator.

“There has never been an emergency situation to call upon large amounts of money from the reserve account,” Leonard said. “The students could take advantage of money that they have paid into this account while still having a reserve of $75,000 on hand.

“Student needs can be met by revising the bylaw while still maintaining a large amount of reserves.”