On Nov. 8, Associated Students Inc. (ASI) approved a revised finance policy which is scheduled to take effect in August.

Major revisions include new organizations now receiving $100 in their first year, and only historical events will have funding approved for off-campus functions. All events funded by ASI must display the student government’s logo at the event and student organizations must perform evaluations if they receive more than $1,000 of funding for one event. ASI also created an appeals process for organizations to use if they feel they need additional event funding.

The addition of the appeal process will allow organizations who are not satisfied with the funding they received by the board to appeal that decision by filling out a form and appearing in front of the board to plead their case.

Organizations receiving $1,000 or more for one event must go through an evaluation process within 25 days of that event. The organizations are expected to complete a cost analysis of the event, supply pictures, attendance records of performers and staff and an event summary including any problems that may have arisen from the event.

ASI voted against the $5,000 cap on funding to any one student organization after receiving input from organizations, according to ASI President Chris Jackson.