Senate passes ordinance to collect unused funds

Makenzie Huber News Editor

The Students’ Association unanimously passed Ordinance 15-01-O at its meeting Monday to reinstitute index sweeps of student organizations’ accounts supported by SA.

“It’s going to do a lot of good things,” said Senator Lexi Opheim in support of the ordinance.

The sweep will go into effect next fiscal year and will collect the unused money allocated to student organizations by SA and put them into a reserve fund. In addition to the reserve fund, the sweep will help solve the Senate’s problem of an “ever-shrinking pool of money” according to Finance Chair Nick Reagan.

The first sweep would collect more than $100,000 Reagan estimated.

Vice President Matt Dahle said the reserve will act as “one big pillow” for all organizations rather than a small pillow for each organization.

Three exceptions have been made to the index sweep:

1.     If an index isn’t receiving a new allocation

2.     If an index is tied to an academic department

3.     If there is an extenuating circumstance approved by SA

Also during its meeting, SA had first reading of Resolution 15-11-R: In Solidarity with the University of Missouri football team, Jonathan Butler and students of color.

The next meeting will be held in the Lewis and Clark room next Monday, Nov. 30 at 7 p.m.