CLUB BUDGETING VP of Finance Abhinav Pal finance@msucongress.com PPTX Made By: katarina Stevanovic
TYPES OF MONEY Grant Fundraising Loan Given when budget request approved Must be used for what it is granted for Reabsorbed if not used by the end of the year Fundraising Bake sales, donations, student deposits Must be deposited with the MSU Carried over to next semester and year if club is active Loan Must be paid back within two weeks Any money can only be spent after a request for funding form has been approved
REQUEST FOR FUNDING In order to access any money in your account, you must correctly fill out a request for funding form Keep track of how much grant/fundraising/loan money you have before filling out forms If you’re not sure how much money your club has access to, ask me! Open ticket at requests.msucongress.com
requests.msucongress.com
requests.msucongress.com
requests.msucongress.com
requests.msucongress.com
requests.msucongress.com
requests.msucongress.com
requests.msucongress.com
requests.msucongress.com
BUDGET REQUEST
requests.msucongress.com
requests.msucongress.com
DEPOSITS Cheques: Abhinav Pal (V.P.F.), Ramiz (Pres.) or Jia (V.P.) Cash: Tuesdays AP in Congress Office (A-162)
REFUNDS Approval request for funding form Interac e-transfers (-1$, email) Cash & cheques: Tuesday AP in Congress Office (A- 162) Exceptions can be made if urgent
BAKE SALES MSU-owned cash boxes at Wayne’s in the morning Return locked cash box at Congress Office (A-162) at 6:00PM, KEEP KEY Mio Abhinav Pal to set up counting appointment Count at Wayne’s the following day, BRING KEY Fill out counting form
PROBLEMS Using funds for personal purposes Not paying back a loan within two weeks Club may be suspended or budget cuts
QUESTIONS? Mio me!