ASI Allocates Undesignated Reserve Funds to Assist Students
The Associated Students, Inc., Board of Directors has approved allocating undesignated portions of its reserves to help students impacted by the COVID-19 pandemic.
The reallocation was approved at the ASI Board of Directors’ Sept. 4 meeting.
“Our mission is to serve, engage and empower students, and we hope to embody our statement through these funds,” said Tim Pelayo, ASI’s executive vice president.
Pelayo said the board identified areas for increased funding through Student Emergency Fund applications, surveys, social media and board recommendations.
Areas approved for additional funding include:
- ASI Student Emergency Fund: $350,000 was allocated for the 2020-21 academic year, and the individual student award amount was increased from $250 to $350.
- ASI Student Technology Fund: This is a new fund in development to support students’ technology needs as they navigate a virtual learning environment. The board is in the process of meeting with campus partners and students to develop protocols for using these funds.
- ASI Cougar Pantry: The pantry will be moving to a new, larger location in the University Commons building near Craven Hall. Allocated funds will pay for construction to make the space functional for the pantry’s needs.
- Refrigerated lockers: ASI is working with the University Student Union to install lockers with refrigeration, which will provide students with storage space for perishables and medications while on campus. Pelayo said the lockers will be especially helpful for commuter students.
- Cougar Care Network partnership: ASI has allocated $80,000 to support a staff position within the Cougar Care Network. The individual in this position will support some of CSUSM’s most vulnerable students during the pandemic.
- ASI working capital: The remaining balance of $200,000 will fund the ASI working capital per the ASI Reserve Policy.
Eric Breier, Public Affairs Specialist
firstname.lastname@example.org | Office: 760-750-7314