Contingency transfer to service budgets
RESULTS: PASSED ON 2/24/09 FOR FULL AMOUNT.
24 February 2009 MEMORANDUM FOR A.S. SENIOR VP / SENATE
FROM: Kari Walton/VP of Finance
SUBJECT: Budget Difference
1. Proposal: I am proposing for $1,625 to cover the difference in the actual Student Enrollment and the Spring 2009 budget.
2. Amount Requested: $1,625.00
3. Problems with Status Quo: When the Spring 2009 budget was created a Full Time Enrollment (FTE) amount of 3,400 was used. However, the actual FTE for the Spring semester was 3,317; a difference of 87. In order to cover the difference between what the actual amount and the budgeted amounts $1,625 is needed.
4. Miscellaneous: This is the most productive way to handle this situation because (1) another budget meeting is not wanted and also would cost a lot more to pay each employee to be there. And (2) all the Service Chairs are already using the budgeted amounts that were allocated to them last semester.
Kari Walton AS VP of Finance