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University Daily Kansan, February 24, 1982
Endowment cash pool expanded by $1 million
A cash management pool established by the Kansas University Endowment Association Nov. 1 has increased by $1 million this month. Richard Porto, Enrollment treasurer, said yesterday.
He said the cash pool consisted of more than 280 short-term trust accounts handled by the Endowment Association.
The interest from these trust accounts goes to areas designated by the accounts' owners. These areas include scholarships and construction and research for all University's campuses, Porta said.
"The pool is designed to better meet the needs of accounts that require a high amount of liquidity," Porto said.
High-liquidity accounts are those that can be converted into cash quickly, he said.
The cash pool has made income distribution to accounts more convenient and bookkeeping easier, be said.
Porta said the accounts in the cash pool received a monthly income based on the average daily interest rate of the whole pool.
He said January's interest rate was 14.35 percent and this month's rate also was expected to exceed 14 percent.
when accounts were first converted into the cash pool, Porta said, some had an increase in income and others a decrease. The pool's high average interest rate.
Other accounts, he said, had a decrease in income. But this was offset by the benefit of receiving a monthly income, he said.
Porto said that the accounts now in the cash pool previously had received their income on a quarterly or semi-annual basis.
Senate mav continue budget philosophy
Decision expected soon
By ANN LOWRY Staff Reporter
When the Student Senate's budget committee conducts hearings next month to fund clubs and organizations with student activity fee money, it may follow a funding philosophy approved by faculty and auditing committee yesterday.
The philosophy proposes that any program funded with student fees shall be open to all students of the University; that funding for groups should be determined by the scope of their activities and the services they provide rather than the amount that of effort must be elected from KU students; and that all allocations must comply with Senate rules and regulations.
Loren Busby, Hutchinson junior, who was last year's finance and auditing chairman, wrote the philosophy along with three other senators last year. The
philosophy was approved last year and could be used again this year by simply changing the date on it, Tom Berger, and auditing chairman, said yesterday.
The Student Senate executive committee also must review the policy at its March 3 meeting. The Senate will consider any changes with any changes StudeX will have made.
The budget committee will apply the philosophy, if formally approved, during budget hearings March 22-26, March 29-April 1 and April 5-9, David Zimmerman, finance and auditing committee co-chairman.
BERGER SAID teams requesting funding must be registered as student organizations with Caryl Smith, dean of student life.
"We will be checking this year," Berger said.
Zimmerman said, "I know of at least one group that was funded that wasn't recruited last year."
Berger also explained the difference
between organizations funded by the Senate unallocated funds. Funded by Senate unallocated funds.
"The Senate developed a revenue code that will provide for activities in the Senate budget," Berger said. "They have budgeted every year and that is all they get."
Berger said groups such as Associated Students of Kansas, the Kansan and forensics received their funds through the revenue code.
Additional money requests for revenue code-funded groups must go through a Senate committee, the board of Regents, Berger said.
However, such changes are made only once every two years.
This is the first year a single budget committee will allocate all the activity money. In the past, individual committees judged groups. For example, the cultural affairs committee funded international and dance groups.
ZIMMERMAN explained the difference between the finance and auditing committee and the budget committee.
"An unlimited amount of people can be on the budget committee if they apply by March 1 at 5 p.m.," Zimmerman said.
The finance and auditing committee is a smaller group that exists throughout the year.
Berger said that two dozen clubs and organizations had picked up budget packets from the Senate office.
The packets include forms requesting information about the organizations, inventories of all capital equipment and hints for preparing budget requests.
BOCO seeks Senate funding for unsettled debt payment
"If you cannot accurately itemize your costs with up-to-date cost estimates, don't expect to be funded!" the form states.
Organizations must file request forms with the Senate office no later than March 1 at 5 p.m.
By ANN LOWRY Staff Reporter
KU's Board of Class officers will present a bill to Student Senate soon requesting funds to赦 previous students in the case of its cases (a ROQ officer said recently).
For several years, BOCO officers have either graduated or left office and neglected to pay outstanding debts that had been paid. In 2013, John Best, class treasurer, said,
Although this year's BOCO already has paid $800 in debts from previous years, several hundred dollars in phone bills from four years of administrations have yet to be paid. BOCO wants help, Chris Meth, senior class president,
"WE FOUND the phone bill sitting on the desk this summer. You own us 490-some dollars. Pay it." "Meh! said much谋划 for BOCS."
Best said, "I feel like this (Senate) bill is important because I think maybe for the first time we can establish ourselves."
"I really don't understand how somebody could be that negligent."
Best said he, Mehl and Mollie Mit
chell, student senator, were working on the bill stating BOCO's needs and reasons.
"This is something we feel we shouldn't have to nav for." Best said.
He said that he knew Senate had $40,000 in unallocated funds left over last year when he was a senator, and that he had not even known that money was available.
David Welch, student body vice president, said that he did not know how the Senate would respond to a request for money from BOCO.
"THEY ARE NOT a Senate-funded group, so I would have my reservations. But again, if they come to me and provoke me, I provide can sure file and petition." Welch said.
Mehl said BOCO supported itself solely through selling class cards.
Best said BCOO never has asked Senate for money before, but that he was working on plans to participate in next year's Senate budget hearings.
Best said that he had planned a
system to prevent leftover debts for future years to BOCO.
Under his plan, every time a phone bill for BOCO goes to the University comproller, he will automatically sign it and pay for it out of BOCO's budget. Best said. At the end of each school year, BOCO will meet with the BOCO sponsor and review all outstanding debts to prevent problems for future officers.
He said BOCO had about $2,400, but that at least $1,500 of that had to be saved for the senior class gift and that he would go to other end-of-the-year activities.
Those plans include a junior-senior party after spring break, an open house at the Kansas Union for seniors and alumni, a breakfast for the senior class the day of commencement and possible philanthropies.
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here's a city in Europe-you could travel there free. So unravel these riddles, and uncover its key.
TO PLAY THE GAME:
Answer each of the riddles that will appear here each week in February. Write your answer in the blanks below each riddle. The letters with numbers below them correspond to the letter of the word you fill in the letters of the master key, you will be spelling the name and location of a secret city in Europe. Send us the solution, and you a friend could win a trip there, free.
TO ENTER SWEEPSTAKES:
ENTER MISSING PASSWORD
2. Grand Prize contest of two regular round-trip economy airlines to the secret city, 30-day Eurasian passage, American Youth Hostel or Swiss hostel. Print your answer with your name and phone number. CT 08652. Cut out master key for use as official entry blank or use a 3" x 3" card. Print your answer along with your name and phone number. CT 08652. The first 1,000 correspondents will receive a poster as an award. 4. All entries must be received by 8/15/18. Enter as often as you want, but each entry must be mailed separately. Dated 2/28/18 by the Highland Group, an independent judging organization whose website contains information o
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