Page 33 - The Flame

Dean’s Offi ce’s inability to process papers SAF allocation per Artlets society for the first and second semesters of Academic Year ‘11-’12
ahora mismo. Ineffi ciency is a result of
many factors.”
While the Cifra administrati on helped
organizati ons that had problems with
funds, this year’s ABSC are fi nding other
ways to solve these problems.
“We are engaging in meeti ngs with the
Dean’s Offi ce and I am also consulti ng the
Central Board regarding the issue and their
answer is for us to generate funds from
other sources so we can lend money to
these societi es,” Fernandez said.
Vasco said that the cause of delay be-
gins when his offi ce starts to discuss with
the society offi cers their project proposal
whose budget will be thoroughly scruti -
nized. This process takes ti me before the
Dean’s Offi ce can release the approved
requisiti on to the organizati ons.
“Once approved, we will make a req-
uisiti on to the Treasurer’s Offi ce. It really
depends on when the request for the fund
is submitt ed to our offi ce because some-
ti mes students would have acti viti es and
would make the request three or four days
before the event,” he explained. “They
cannot get the fund that way because it
takes seven working days to process a re-
quest at the level of the Treasurer’s Offi ce.
It is not seven days from the submission; it
is seven working days upon requisiti on at Amount of SAF paid by students from the different faculties and colleges of the Universty for
the Treasurer’s Offi ce.” Academic Year ‘11-’12. Figures courtesy of the UST Accounting Office.
Vasco added that the failure of the other amount, they should have liquidated handle their budget more eff ecti vely in
societi es to liquidate previous requests is the previous request so that the liquida- order to have fewer problems in their req-
someti mes the reason why it takes ti me to ti on report will not accumulate. According uisiti ons.
request for another. to OSA, it requires its society and organiza- “To observe fi scal health, you really
“Two months is more than enough. ti ons to liquidate every semester,” he ex- have to budget and rati onalize your bud-
In fact, the rule of the University is that plained. “If you (societi es) have a request get. It does not mean if you have a budget,
two weeks aft er the acti vity, the amount for the second semester and we realized you will throw your money into the river,”
should have been liquidated because they that you sti ll have funds that are not yet he said. “You have to be very effi cient in
(the societi es) have the receipts. But we liquidated in the fi rst semester, we will the uti lizati on of fund because it would be
give them one to two months, someti mes questi on why unti l now you have not yet unfair to other noble projects. So the rule
to no avail,” he said. liquidated your funds.” of thumb is equanimity in the distributi on
“Before a society could request for an- Vasco reminded student leaders to of funds.” F

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