Budgets all part of balance for GSB finance director

Natalie Spray

Editor’s Note: This is the second in a weekly series about the people and responsibility behind Iowa State’s Government of the Student Body.

Budgets and bills aren’t the only priorities for David Boike, finance director of the Government of the Student Body.

“[The job of finance director] is one of the most intense jobs on GSB,” said T.J. Schneider, GSB President.

The GSB finance director is responsible for overseeing the allocation of student fees and the finances of GSB and student organizations, as well as acting as the financial adviser to the GSB president, the GSB senate and student organizations.

The main duty of the finance director is to oversee the distribution of the $1.5 million allocated to GSB through student fees. This money is divided among student organizations who request funding from GSB, said Boike, senior in electrical engineering.

The amount allocated to each student organization is based on the budget it presents to the finance committee, of which Boike is the chairman.

The position of finance director is appointed by the GSB president and approved by the senate.

Of all the candidates for the position last spring, Boike seemed to understand the finance process and possessed an ability to work well with groups, which is key to Boike’s position, Schneider said.

“My job involves customer relations between [GSB and] student organizations,” Boike said.

After GSB funds are allocated, Boike must continually know how each of the student clubs and organizations are spending the money and ensure the groups are following their budgets.

If a group doesn’t follow its budget, its funding will be taken away. In order to prevent a loss of funding, a club or organization may change its budget to fit spending needs that may arise throughout the semester.

Budget changes under $500 must be approved by Boike; changes between $500 and $1,000 are approved by the Finance Committee and any changes involving more than $1,000 require GSB senate approval, Boike said.