Initially earmarked for the largest single grant in council history in an effort to convince the administration of student's desire for a new student center, the funds will now be rolled up into this year's committee expenses.
Even worse for the council's financial wellbeing, term bill revenues (the council's main source of income) continue to decline, and took a dive for the second year in a row.
Students are automatically assessed a $20 "fee" on their term bills in order to fund the activities of the council. However, the fee is optional, and students can elect not to pay it.
Seton said that the Council received term bill revenue from 37 fewer students this year.
Last year's term bill revenue dropped by 102 students.
Seton said the council is calling on the administration to share some of the wealth from its recent capital campaign, and match whatever revenue the council collected in term bill revenue.
"When you think of the success of the University's capital campaign," Seton said, "[the council's operating expenses] would be recouped in an afternoon of interest."