Student Union in finance revamp
Delays in funding for student organisations have forced the president of the University of Hong Kong Student Union to back a review of its finance administration.
Students producing the two campus publications - HKU Post and Undergrad - in an article posted on the university's democracy wall for two weeks, complained they owed a printer more than $100,000 for the costs of this year's issues of the publications.
The latest issue of HKU Post, published last month, was in black and white instead of the usual colour due to financial difficulties, and campus TV also faced a crisis because of the union's delay in providing funding, the article said.
Even campus TV faced financial crisis because of the union's delay in providing funding, the article said. It added the reason was because of the delay in some sub-organisations in submitting their budgets for approval.
Union president Chan Chi-kin admitted that there had been a delay because some sub-organisations submitted their budget only last month rather than August as usual. But he said money had been disbursed to various sub-organisations since the budget was approved in the middle of last month.
The third-year engineering student acknowledged that there was a need for a review: 'Maybe in future we should give out one-third of the funding to our member bodies first on the basis of their past expenditure instead of waiting till all budget plans are in.'
Undergrad editor-in-chief Iris Chow Ka-yin, a third-year student, said: 'Our financial problem is over as we have just been given the money. But we left the article on the wall ... because we wanted students to know there is a problem with the union's financial system.'