RIC passes budget control legislation
Jessica Burk
Issue date: 2/20/08 Section: News
"The university is shifting its goals toward a better environment with recycling, and we want to get in the game early and show our support," Formanek said.
Under the fiscal policy, a certain percentage of a project cost is paid out of the RIC budget, depending on the size of the hall, he said.
"We help soften the costs for the smaller halls. It also helps steer hall spending to us," Formanek said.
Smaller halls tend to shy away from big investments because of budgeting, he said.
"Currently, if the halls want to buy a new pool table, they use $1,000 of their budget and they are on their own after that," Formanek said.
Fun social projects cost Gibson Hall less than they do for Pomfret Honors Quarters, but capital stays the same between the halls, he said.
"A pool table would be a good investment because it's going to last several years," he said.
"I did a survey where I asked all the hall senators if they would vote yes on a bill to purchase a $1,000 pool table. Then, I asked if they would support it if RIC paid 1 to 10 percent of that. That's how I figured out what the ideal subsidy would be," Formanek said.
The problem with that is what people say they would do and what they would actually do is often different, he said.
One of the disadvantages of the fiscal policy is it's slow because it's designed for the long run, Formanek said.
"Also, because it's brand new, there is no previous data for us to go by. We're really just testing the water," he said.
Under the fiscal policy, a certain percentage of a project cost is paid out of the RIC budget, depending on the size of the hall, he said.
"We help soften the costs for the smaller halls. It also helps steer hall spending to us," Formanek said.
Smaller halls tend to shy away from big investments because of budgeting, he said.
"Currently, if the halls want to buy a new pool table, they use $1,000 of their budget and they are on their own after that," Formanek said.
Fun social projects cost Gibson Hall less than they do for Pomfret Honors Quarters, but capital stays the same between the halls, he said.
"A pool table would be a good investment because it's going to last several years," he said.
"I did a survey where I asked all the hall senators if they would vote yes on a bill to purchase a $1,000 pool table. Then, I asked if they would support it if RIC paid 1 to 10 percent of that. That's how I figured out what the ideal subsidy would be," Formanek said.
The problem with that is what people say they would do and what they would actually do is often different, he said.
One of the disadvantages of the fiscal policy is it's slow because it's designed for the long run, Formanek said.
"Also, because it's brand new, there is no previous data for us to go by. We're really just testing the water," he said.
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