| 1. |
We wish your prosperity. |
| 2. |
Last May we received from you the details of the Estimated
Budget and Closing Account of the Parent Trust Fund and
General Account from 2001 through 2004. However, the
details you sent us were too poor for us to determine
whether the fund is being spent properly or not. |
| 3. |
The disclosed data contained numerous errors, such as units
written written incorrectly and total sums that do not
match. In particular, the balance of Parents Trust Fund of
previous year and the balance carried over to next
year do not match. (Please refer to the attached document
for details.) |
| 4. |
Chungnam University disclosures annual budget details in a
book with more than 400 pages. We, the students, demand
disclosure of details such as those below, in order to
reassert our rights as members of the school and to help
the budget be used properly. |
| 1. |
It looks increasingly to us as though the General Account
and Parents Trust Account have duplicated appropriations. For
example, II. "School Affair Business Expense" contains
an item labeled "Daeduck KAIST School Affair Expense".
More than 24 billion won - 24.2 billion won in 2004 - has
been appropriated annually for this expense. We suspect
that the details of the Daeduck KAIST School Affair Expense
are similar to those of Parents Trust Account, and thus that
these two accounts might be duplicated appropriations. We
demand an explanation for this apparent duplication.
|
| 2. |
The Parents Fund balance of previous year and the balance
carried over of next year do not match. In fact, they
don't even match when the Daeduck KAIST balance is added
to that of Seoul Techno branch. We demand a clear
explanation of this irregulatiry.
|
| 3. |
The Parents Trust Tund is not being spent in accordance
with its stated purpose. We judge that some expenditure
items - Staff Expense, Retirement Grants, Public
Relations Expense, etc. - do not match the stated
objective of "Securing urgently needed education facilities
and education activities which the nation cannot support."
We demand an explanation for this inconsistency.
|
| 4. |
The meanings items specified on Parents Trust account are
unacceptably vague. For example, we do not understand what
"Management Fee", "Facility Fee", "Maintenance Fee", and
"Asset Purchase Fee" mean, what they are for and what
specific things they designate for purchase. We also
find that items like "Student Guidance Measures Fee",
"Student Support Activity Fee", and "School Affairs
Activity Fee" etc. look so similar that we cannot
identify their purpose and use. Therefore, we find it
impossible to understand whether the fund is being used
properly through these disclosed details.
|
| 5. |
Other national universities disclose details of the Parent
Fund Account and General Account. For example, ChungNam
University, which is located close from KAIST, discloses
budget details by publishing a book with more than 400 pages
every year. Although both schools are national, they are
are different in that KAIST "disclosed" its Estimate Budget
and Closing Account with only one page.
|
| 6. |
KAIST students have been alienated by KAIST's recalcitrance
in disclosing the details of it Parents Trust Fund.
According to a straw poll taken after KAIST's superficial
disclosure, a large fraction of KAIST students believe the
response to be inadequate and that KAIST's management of the
Parent Fund is untrustworthy.
|
| 7. |
For the reasons stated above, it is necessary to disclose
of the details of Parents Fund and General Account. KAIST
students want this and, moreover, it is something that must
be carried out in a democratic university. We demand
immediate disclosure of the details of Parents Fund and
General Account.
|