{"id":308,"date":"2014-05-19T21:59:29","date_gmt":"2014-05-20T01:59:29","guid":{"rendered":"http:\/\/aig.alumni.virginia.edu\/cdaa-college-topics\/?p=308"},"modified":"2014-05-20T00:06:25","modified_gmt":"2014-05-20T04:06:25","slug":"cd-funding-proposal-review","status":"publish","type":"post","link":"https:\/\/aig.uvaalumni.org\/cdaa-college-topics\/2014\/05\/19\/cd-funding-proposal-review\/","title":{"rendered":"CD Funding Request for Review"},"content":{"rendered":"

The managing board of The Cavalier Daily<\/em> recently reported to the Cavalier Daily Alumni Association that the newspaper is in critical financial condition. The paper\u2019s student leadership reports that they will be unable to pay their bills by the end of the summer without immediate financial support. As a result, the managing board has requested $15,000 from the Cavalier Daily Alumni Association\u00a0to support the paper\u2019s expenses for the summer and beginning of the fall\u2014so that it may tailor the paper\u2019s operations for a sustainable future.<\/p>\n

The Cavalier Daily Alumni Association\u00a0has the means to support this proposal; however, what\u2019s being asked is significant and comes on the heels of its recent financial support of other endeavors, such as the hiring of a professional advertising manager for the paper<\/a>.<\/p>\n

All Cavalier Daily alumni are asked to review materials submitted by the managing board to the Cavalier Daily Alumni Association\u00a0concerning this situation\u2014a brief open letter discussing the current crisis and a detailed proposal with relevant financial information. The proposal identifies the factors that contributed to the crisis, discusses short- and long-term options and presents some possible consequences of nonpayment of the paper\u2019s outstanding bills.<\/p>\n