Finance Education Student Government

Types of Financial Requests Contingency Request (CR) - Unforeseen expenses Multicultural and Educational Program (MEP) - Public, cultural, free and educational event TORF (TORF) - Only for temporary organizations

How we Allocate Funding Calculate funding for Travel, Lodging, and Registration Also Equipment, Standard Operating Expenses, and other necessary items Use Finance Calculator to figure amounts for aforementioned items Uses: GSA rates, google maps mileage amounts, enterprise rates, gas reimbursement. Final amounts are 70% of request, approved at senate meetings.

Tier System Breakdown Tier I Orgs- Important services for Student Body Prominent existence for extended period of time SAF dollars allocated based on percentages outlined in SG Code Tier II Orgs- Allow any student to be involved Recommended funding from Finance Commission Tier III Orgs- Restrictions on who can be involved Only eligible for MEP’s or RR’s

Budgeting Budgeting begins in January/February and budgets are created for the next fiscal year (7/1/18 – 6/30/19) Tier 2 organizations with a CSO status greater than 3 can receive a budget Organizations can receive up to $25,000 this upcoming budgeting Finance Commission meets with organizations twice a week for 5 hours to review any additional requests other than standard operating.

Budgeting In December: In January: Before Meeting: Start assembling next year’s budget Reach out to specific resources so you know the specific expense amounts In January: Budgets are DUE! Use online emailed form to schedule budgeting meeting Before Meeting: Bring quotes, league letters, direct deposit form, and equipment agreement form

Budgeting Maximum Standard Operating of $50 Competitive Orgs: Maximum of 5 home and 5 away events Number of people funded is team and a half Non-Competitive Orgs: 1 Event per year Maximum of 7 people funded

Questions Feel free to get in contact or meet with us at anytime this year ndsu.sg.finance@ndsu.edu