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Tuesday, January 28, 1975
University Daily Kansan
SUA budget acceptance proposed
By JANHYATT Kansan Staff Reporter
The Fiscal and Financial Affairs Committee of the University of Kansas Memorial Corporation decided Monday to recommend to the corporation's board of directors that it accept the revised budget for SIA
Programs produced and sponsored by SUA are expected to make money or break even for the remainder of the fiscal year because of the cancellation of 18 films, a collection of works on the "Lois Lane" film. Feb. 19 and a change in SUA concert production policy.
The program changes and budget cuts were made last week by the SUA board after a full accounting of SUA expenditures for last semester revealed that it already had spent more than its yearly operating allocation from the Kansas Union.
In addition, officials said, SUA lost money on its film series and on three concerts it sponsored last fall. Films and concerts previously had made profits that supported other SUA programs, including the Free Press, Forums, Travel and recreation programs.
The committee heard Dave Murfin, SUA board president, present the revised budget and ask that SUA not be required to pay the deficit.
A DECISION on the matter will be made at a full meeting of the corporation's board of directors Saturday. The University of Kansas Memorial Corporation is the body that governs the operation of the Kansas Union.
Warner L. Ferguson, associate director of the Union and a member of the committee, said it was assumed that the deficit incurred by SUA would be paid from the Union's general funds if the board of directors accepted the new SUA budget.
The Union has paid $40,902.32 to cover over-expenditures by SUA boards for the past two years, according to figures given by Ferguson.
He declined to give the amount of the defection to the board until after a meeting of the board of directors.
The news that SUA had exceeded its limits intrigued a surprise to the committee. Ferrugine said.
"We were aware during the year that they were having losers," he said.
IN ADDITION, monthly accounting reports to the committee by the SUA
Ferguson said he thought the spring semester budget would break even and not be too heavy.
treasurer showed an increasing deficit, he said.
"I believe they have taken a close enough look at what they're doing so that they won't lose money during the second semester. They've gotten their people to be alert and keep a close watch on all expenditures," he said.
Mike Miller, SUA adviser, said the SUA board members acted promptly and in a spirit of unity when they learned of the
sizable over-expenditures they already had made.
It's the first time that we have been in this position at this time of year with no hopeful prospects for making money during the spring," he said.
Miller said he expected that next year's SUA board would adopt a new accounting system that would require program chairmen to substantiate and verify every proposed expenditure with the treasurer or a staff adviser.
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