Hello, friends! Some questions were raised about the Engineering Capital Improvement Fund (ECIF) at Joint Council. What is it? Why does it exist? Where does the money go? Who can make decisions? I am here to answer all the questions!
What is it?
Each term, an amount from the budget is allocated towards ECIF. This funding is used to sponsor capital purchases.
Why does it exist?
In the past, VP Finances from both societies made capital funding decisions independent of student input. With this new approach capital projects are decided upon by students with the interest of all their peers in mind.
Where does the money go?
The money goes towards projects that meet the following criteria:
- Improvement of the facilities of the Engineering Society
- Supporting and improving both new and existing services of the Society.
- Improving the facilities and services of Affiliates (including the Iron Warrior).
- Other projects that the Committee feels fulfill the purpose of the Fund.
Past projects have included POETS upgrades (new blinds and volume adjuster), a bike repair station, lighting equipment, and future funding for an E7 C&D and student space.
Who can make decisions?
Final decisions for projects are made by an elected committee, but before the committee can make decisions we need ideas from you! Visit engsoc.uwaterloo.ca/services/ecif-application to submit a detailed proposal. The deadline is July 10th.
Leave a Reply