University of Missouri

48-25: An Act to Transfer Funds from the New Student Center Equipment Fund to the Craft Studio Budget

PURPOSE: To transfer $3,713.28 from the New Student Center Equipment Fund to the Craft Studio’s FY09 budget.

WHEREAS, The Missouri Students Association passed Senate Bill 47-41 “An Act to allocate remaining carryover to the New Student Center Equipment Fund” in Spring of 2008, and

WHEREAS, This fund was created to allocate money to KCOU, MUTV, and the Craft Studio at the time of their transitions into the New Student Center and Memorial Union, and

WHEREAS, The Craft Studio recently moved into Memorial Union this past summer, and

WHEREAS, MSA Vice President Chelsea Johnson approved that the Craft Studio may spend $11,059 from the Equipment fund on movers, furniture, pre-made glazes, a new cash handling system, and one new kiln, and

WHEREAS, There was some miscommunication with the Craft Studio on which MoCode to spend these additional funds, and

WHEREAS, The Craft Studio has already spent $3,713.28 from their own FY09 budget that was supposed to have been spent from the Equipment Fund budget on movers, furniture, and a new cash handling system, and

WHEREAS, The Craft Studio is now at risk of being over-budget by $3,713.28 at the end of the fiscal year if this transfer isn’t made immediately, and

WHEREAS, The Craft Studio will spend the remaining $7,345.72 directly from the Equipment Fund this fiscal year so that no future transfers will need to be made.

THEREFORE, be it enacted that the Missouri Students Association transfer $3,713.28 from the New Student Center Equipment fund to the Craft Studio’s FY09 budget.

Respectfully Submitted,

Chelsea Johnson           Matt Sheppard             Gwen Daniels
MSA Vice President           MSA Budget Chair             SFRC Chair