In the past the Student Finance Board has required that all SAF-funded groups must maintain their fundraising accounts with the SFB. On Tuesday the Executive Board of the SFB decided to remove this requirement entirely and no longer requires groups to hold their fundraising accounts with the Board.
The SFB's primary purpose is to make SAF funds available to as many different groups on campus in order to reach a wide array of students and the Executive Board views fundraising as a secondary service which is not essential to the goals of the organization. Please note that SFB services for fundraising accounts have not changed in any way, the SFB is just no longer requiring that fundraising money be held by the SFB.
Also note that if an organization misuses SAF funds the misused funds will be replaced by that group's SFB-held fundraising money and if no fundraising money is held with the SFB that group will have all SFB accounts frozen until the funds are repaid.
In the past the Student Finance Board has imposed a one-year waiting period before a group could apply to the SFB for funding after it has been recognized by SG. On Tuesday the Executive Board of the SFB decided to remove this wait period entirely and invites any SG-recognized organization to immediately apply for funding.
The SFB serves to make funds available to as many different groups on campus to reach a wide array of students on campus and the Executive Board did not feel that a waiting period was beneficial in that regard. It was initially implemented to leave a time period for new organizations to bolster club membership and organization before applying for funding but in past years we have found that it is ineffective and too hesitant of an approach to serve our needs and goals.
The Student Finance Board has announced that it has committed $13,194 for safety and maintenance repairs to the broken basketball backboards in TCNJ's Recreation Center. These funds are for total repairs and will provide a new winch for lowering and raising the backboards as well as be used to replace the safety straps. The Student Finance Board recognizes the interest for basketball on campus and is proud to partner with the Department of Student Affairs and the TCNJ Recreation Center to make this possible.
SFB distributes the Student Activity Fee, a fund that undergraduate students pay into as part of tuition. These funds are set aside specifically for the SFB to allocate towards events, concerts, recreation and more.