BOULDER — Student organizations at the University of Colorado may soon be contending with a very different funding scheme than in years past, thanks to a new proposal that would curtail spending to roughly one-quarter the amount allocated to clubs and groups last year.
Entering the fall semester of 2014, the CU Student Group Funding Board held a fund balance of $995,000. By spring’s end, those savings had been slashed down to less than $200,000.
That rate of spending is no longer tenable, student leaders say, given that only about $225,000 in student fees are allocated annually to the funding board.
Deb Coffin, vice chancellor for advancement, said administrators were “very concerned” upon learning earlier this year of the Funding Board’s over-allocation.
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