With an exhausted surplus and a benefit concert planned for the spring, the USG is looking to save money, USG treasurer Michael Kimberly '03 said at the senate meeting Sunday.
"For some time now, we have been trying to organize a sell-out benefit concert in the Princeton stadium," Kimberly said. "Obviously a huge spring benefit concert in the stadium represents a greater financial cost than the customary spring concerts, and while the USG would surely rely on other University sources for money, we will need to set aside more of our own money as well."
The USG typically gets its money from a specific line item in the tuition bill — the 'Student Fee.' Since the last student fee increase in 1997, demand for money by student groups has increased by 21 percent, Kimberly said.
"Ever since the 1997 student fee increase, the USG gradually accumulated a surplus, which, at its peak near the beginning of last year, totalled roughly $40,000," Kimberly said. "Annual contributions to the surplus have waned since the student fee increase, as the USG has dealt with inflation and larger demand for funds by student groups."
The USG is seriously considering petitioning for an increase in that fee, he added.
Despite the cutbacks in spending, Kimberly said no social programs will be cut — though one of two concerts this semester will be smaller, playing to approximately 1,000 people per show.
"These would be famous and exciting names enabling us to sell tickets tickets at an increased price, thus more greatly off-setting the cost of the productions," he explained.
Though last semester the USG Projects Board distributed $33,500 in grants to student groups, a 34 percent increase over the customary $25,000 in grants, it still only met 63 percent of need, Kimberly added.
The farewell concert for President Shapiro last spring also ate away at the surplus. The USG usually recovers $20,000 to $25,000 of the cost of the spring concert by selling tickets, but last spring's concert was free out of respect for Shapiro.
The USG also had to buy machinery and supplies for its new office, Kimberly added.
"We have committed to adding some funds to support social activities and programs," University Vice President for Campus Life Janet Dickerson said. "We in Campus Life, particularly the Office of the Dean of Undergraduate Students, will work with USG to provide an array of options."
"It is extremely likely that we have an additional $25,000 or so for the projects board from V.P. Dickerson's office to offset the difference in what is budgeted this semester and what we granted last semester," Kimberly explained.
The details have yet to be determined.
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