Hello President Kotlikoff,

It is my pleasure to convey to you Student Assembly Resolution 13: Required Transfer of Excess Funds from SAFC to Student Assembly Reserves.

With regard to the Student Activities Funding Commission's reserve account balance of well over $1 million, this resolution enforces Student Assembly Charter Appendix B, Section 2, Subsection F requiring that surplus funds held by byline-funded organizations exceeding $500,000 be transferred to the Student Assembly Reserve Account.

Please let me know if you have any questions.

Thank you very much,

Whereas, the Finance Club at Cornell has an annual allocation of $4000 from the Student Activities Funding Commission (SAFC), 

Whereas, the Cornell Finance Club seeks to familiarize members with the financial landscape of New York City,

Whereas, students benefitting from this experience make invaluable connections with top financial firms and gain essential experience in student pitch competitions with opportunities to be placed in summer programs or receive job interview offers,

Whereas, the Student Assembly Charter Appendix B, Section 2, Subsection F: Funding Clawbacks states:

“In the event that a Byline-funded organization enters a new academic year with a rollover balance exceeding either twice the amount of its most recent annual allocation or five hundred thousand dollars ($500,000), whichever is less, any surplus funds in excess of that threshold shall be immediately transferred to the Student Assembly Reserve Accounts”;

Dear Nicholas,

 Thank you for conveying GPSA Resolution 1: GPSA FY26 Internal Budget.

Sincerely,

Michael Kotlikoff

Michael Kotlikoff, V.M.D., Ph.D., Sc.D. (h.c.)

President and Professor of Molecular Physiology

Cornell University