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	Vol.7, No 37, November 2, 1999
	A.S.I. loses money By Andres Cardenas Daily Forty-Niner Associated Students Inc. lost money during the last fiscal year, according to information released Wednesday. At the Associated Students Senate meeting last week, A.S.I. Chief Administrator Richard Haller said that from July 1998 to July 1999 A.S.I. lost just under $176,000. The problem was not overspending but a shortage of income, Haller said. "The estimates of income were inflated and overly optimistic," Haller said. Haller said the current A.S.I. budget is balanced and the $6 fee increase that will take effect in spring will help. He also said more realistic projections have been made for this year and next year. Haller said the Recycling Center is an example of high-income projections. Haller said the Recycling Center is struggling with two different problems. The first problem Haller points to is that prices for recyclable items are not what was expected. The second problem, Haller said, was that the volume received did not meet expectations. Other areas where income was lower than predicted included student health insurance sales, Soroptimist House rentals and Union advertising sales. A.S.I. had budgeted to lose just under $30,000 to continue to provide services and programs that have been running since the late 1980s, when higher enrollment figures made the programs profitable. Since then enrollment has dropped and revenue has gone down, Haller said. Haller said lost revenue means funds must be taken out of the reserve fund, which is money left over from years when A.S.I. was profitable. Since 1995 A.S.I. has used its reserves. At the end of last year A.S.I. had more than $800,000 still in reserves. Haller said if the reserves dip below $500,000, action will be taken. "Below $500,000 is uncomfortable," Haller said. "At that point we would have to rebuild the reserve fund." Haller said he feels confident that would not happen.		A.S.I. loses money   Beach concert to blast off   GOP appeals to women voters   Students rush to enroll at CSULB   Prominent dean resigns Vets need more   Standing up for male gender rights Alumni share film industry process   Latin art museum offers two unique exhibits   'The West Wing' brings glory to NBC's fall season LBSU club hockey  team beats SDSU   The Beach sinks two more   Regular season comes to close for women's soccer Fall 99 ISSUES DAILY 49ER HOMEPAGE
Forty-Niner Publications, Department of Journalism, California State University, Long Beach ©1999 All rights reserved.