Funding for student government activity at the University of Pennsylvania is given to the Graduate and Professional Student Assembly (GAPSA) as a portion of the University’s revenue from general fees. GAPSA reserves this funding for various activities initiated by individuals and groups, while also distributing funds to the twelve graduate and professional schools to support their student government activity. LPSgov is one of these recipients!
LPSgov follows a similar model whereby a certain portion of the funds received by GAPSA are held by the Executive Office to support central activities that benefit all LPS programs, and the remaining funds are distributed to programs based on student headcount. Student Representatives are responsible for managing the funds distributed to their programs, and the LPSgov Director of Finance, as well as the Finance Committee, is responsible for managing the central account and assisting Student Representatives as needed.
At the end of the fiscal year (30 June), an annual report (or After-Action Review) describing how funds were spent needs to be submitted to GAPSA. Any unspent funds are subject to cancellation, offset, and/or reimbursement to GAPSA.
Do you have questions or are you interested in joining the LPSGov Finance Committee? Email lpsgov-finance@sas.upenn.edu
