Student Space Fund

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Student Space Fund
Ssf logo.png
Logo created by Gordon Hart
Contact: Thomas Hillyer, VP Finance
Daniel Szydlowski, Funds Director
About: Short Term
Amount ~$9,000/semester
Distribution Once/semester
Who can apply EUS Members
Allocators Adhoc Committee including x4 Regular Members, President, VP Services, Space Director, DT Rep, Clubs Rep, and Funds Director
About: Long Term
Amount ~$36,000/semester
Distribution Year-round
Who can apply EUS Members
Allocators Board of Governors

The Student Space Fund (SSF) is a fund composed of fees (out-able) paid by engineering undergraduate students. It is meant to be a sustainable resource for general improvements of the undergraduate space at McGill as well as to fund larger renovations projects.
The fund is separate in two accounts: the Short Term and Long Term (Capital) accounts. The Short Term account, available once a semester, is intended for purchase of single items (< $2000) and the Long Term account, available all year 'round, is aimed at significant projects and renovations (> 5000$).

Allocation

Short Term

The Short Term account is allocated twice a year through an application process sent out by the Funds Director, usually around October for the Fall Semester and February for the Winter Semester. Anyone in engineering can apply.

Long Term

The Long Term (capital) account is available at any point in the year. It is approved through any regular meeting of the Board of Governors, and must be submitted 5 days prior to their meeting. SSF Long-term is far larger than the short term. Motions can be submitted by emailing the board chair

Composition

Each semester, students contribute $15.00 (full-time students, >9 credits) and $7.50 (part-time students, =< 9 credits) to the Student Space Fund. From the total contributions per semester,

20% goes to the Short Term account
80% goes to the Long Term account

At the end of the Fall semester, if a surplus exists in the Short Term account, it is rolled over to the Winter’s Short Term account; if a surplus exists in the Winter, it is transferred to the Long Term account.