Hello FFAs,
Every year, the Student Fee Committee (SFC) is tasked with recommending the Student Building Fee (SBF) allocation and whether there will be a SBF Small Projects process. The SFC has decided not to accept any proposals for the SBF for this year. For further information about the SBF, refer to Article VII of the SFC Guidelines.
For this decision, the SFC decided to prioritize future, larger projects. These projects, such as substantial renovations to SMSU, often require far greater funds than can be collected in a single fiscal year. As such, the SFC wants to start on the path of collecting those necessary funds with the intention of undertaking larger projects in the future. This past summer, the SFC revised the critical maintenance necessary for SMSU with a 3.9 million dollar contribution to keep the project on track. Along with this, the SFC has just voted to revisit materials on the future of Smith, and your liaison will be reaching out for your normal check-in meeting and will ask questions regarding what your desired future of Smith would look like. We hope to hear from all of you.
After budget deliberations, this recommendation will then be presented to the PSU President and the Board of Trustees for final approval.
If your FFA needs to request additional funding, you can submit an agenda request to the SFC:
Mid-year Program Changes are temporary changes within an FFA’s budget that reset back to the SFC-approved budget at the end of a given Fiscal Year. This is a helpful process if you underspend in one line item or category and want to move funds to another area of your budget.
The Discretionary Reserve, similar criteria to the rollover process, is money set aside by the SFC during the annual budgetary allocation process to fund discretionary items of a unique, non-recurring nature.
Mid-Year Program Expansion is an expansion of FFA programs/services outside of the annual budget cycle, which may be approved by the SFC with a Unanimous vote. This includes an ongoing or recurring expense that will continue past the current year (even if the current year results in a net-zero balance).
Year-End Balances (Rollover/Overage Forgiveness Funds): FFAs can request the use of unspent funds or forgiveness for overspent funds for the previous fiscal year. Funds can be used only for expenses that relate directly to the programmatic operation of the individual FFA. Funds requested must be for a specific one-time use or purpose that is consistent with the FFA’s mission or purpose.