The GSC wrapped up loose ends from fall quarter and prepared for upcoming events at its meeting last night, including discussing the recent Go Pass extension and voting to fund the annual graduate Valentine’s Day party.

“We got the approval [for the Go Pass], and we got most of the money from the deans,” said Martin Mueller, member of the Graduate Student Transportation Board that organized the one-time extension.

Negotiations at the end of last quarter yielded a compromise with the Provost’s office and the deans of the graduate schools to share funding for the 2007 subsidized Go Pass program. While this compromise only extended the Go Pass program for the current year, there will be a ballot measure in the spring elections for a special fee to fund an annual subsidy for future years.

The GSC also discussed the upcoming Valentine’s Day party, slated to take place on Feb. 9. An annual event, the party is free to all graduate students 21 or older. According to party planners, the event is expected to cost $6,700 — of which $4,000 is dedicated for alcohol at the open bar. The GSC unanimously approved contributing $3,500 to that amount, with the rest of the funding coming from various other sources.

GSC members also attended to a half-hour presentation from BananaLoop.com, a new event organizing service that uses keywords to target audiences more narrowly. The Web site is currently limited to select testers but plans to open to the Stanford community in upcoming weeks.