Student Space Fund
 | |
| Logo created by Gordon Hart | |
| Contact: |
Ryan Reszetnik, VP Finance Andrew Xie, Funds Director |
|---|---|
| Amount | |
| 2016-2017 | $96,000 |
| 2015-2016 | $92,145 |
The Student Space Fund, also referred to as the SSF is a fund composed of fees (out-able) paid by engineering undergraduate students. It is meant to be a sustainable resource for general improvements of the undergraduate space at McGill as well as to fund larger renovations projects.
The fund is separate in two accounts: the Short Term and Capital accounts. The Short Term account is intended for smaller purchase of single items (< 5000$) and the Long Term account is aimed at significant projects and renovations (> 5000$), envisioned for the future.
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 can apply.
Long Term
For the Long Term (capital) account, the Board of Governors must approve of the funding. You can apply at any time to the 'capital' account. SSF Long-term is far larger than the short term.
Source of Fund
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.