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The Daily Tar Heel

Finance committee's first spring ends in unanimous decision on handling of funds

In its first meeting of the semester on Tuesday, the finance committee for Student Congress heard from a representative from the Board of Elections, a representative from Student Congress and the International Association of Students in Economic and Commercial Sciences, commonly known by the French acronym AIESEC.

The first request was from Peyton Roberts, a representative from the International Association of Students in Economic and Commercial Sciences, which is a youth-led organization that facilitates a global volunteer and internship program.

The association was seeking to be exempt from the student activity requirement stating all funds from the organization must be held in the Student Activities Fund Office. 

Finance committee chairperson Priyesh Krishnan said the history behind this requirement is that there were past issues with groups stealing money. 

Currently, the organization at Chapel Hill has three accounts, with the SAFO account being used primarily for publicity and sending groups to a conference held in Atlanta each semester. The two external accounts are used to pay for national fees. 

In a unanimous decision, the finance committee voted to exempt the group from depositing all their generated funds in SAFO as long as the group continues to submit information regarding their external accounts.

Grayson Berger, a representative from the Board of Elections, requested $3,250 from Student Government for spring elections for campus-wide leadership positions. His request was approved. 

The other funding request came from Student Congress and was presented by Priyesh Krishnan. Student Congress requested money to pay for clerks to keep minutes at meetings and work-study students who work as student government office assistants.

This request was also approved.