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Finance Committee 2019
United Student Government

Finance Committee

Overview

The Finance Committee of the United Student Government exists in order to provide the financial support, logistics, and information to all sanctioned organizations and those requesting funds. We coordinate with the business office to record accurate internal and external USG financial aspects. Our primary tasks include creating the fiscal budget for the fiscal year and advising the USG body on the financial opinion of various directives with regard to our financial position by analyzing trends, policies, historical happenings, and administrative initiatives.

What is a point system?

A “point system club” is a club or organization that will earn money for their budget in the form of points acquired by hosting campus-wide events or attends a USG sanctioned event. Points will be awarded based on how many events the club hosts or attends. The point worth for a USG event and a mission statement event vary. Point system clubs budgets rollover to the next fiscal year at the end of each fiscal year.

What is an Exempt Club

An exempt club is “exempt” from the Point System. Instead of acquiring points that then equate to funding, exempt clubs receive funding by requesting them in the budget submission window. The functional distinction between the two is in how exempt clubs need a certain funding to exist (e.g. Rugby Team) because there is one primary action the club participates in, while point system clubs can host a variety of events that benefit their mission. Exempt clubs’ budgets do not rollover at the end of the fiscal year.

Departmental Budget Access

Departmental Budget Access grants access to the President, Treasurer and advisor to see the clubs funds on AMOS, which are directly updated from the business office. They can track how much money they have left, what has been spent, what they were allocated, and what they rolled over. In order to receive Departmental Budget Access, the club must keep USG updated on who are in these executive positions.

Discretionary Funds

The discretionary fund is available for all individuals, clubs, departments, or organizations on campus to apply for. Each request must be submitted to the F.C. to be brought before the governing body for approval. The individual, club, department, or organization that is requesting a discretionary fund must present their request to the governing body. Discretionary requests can be approved by a majority vote. If approved, funds will be distributed within the following week. If a request if over $500 then they must present the reasoning in a USG Council meeting.

Discretionary Request Form