Treasurer Training A Guide To Learn the Basics Fall 2014

“Money is not the most important thing in the world. Love is. Fortunately, I love money.” – Jackie Mason

Outline Basics of SAC Accessing Already Allocated Funds How to Use Contingency Funding SAC Funding Guidelines Debt Policies Recognition

Basics of SAC ●Our Board o Comprised of Chair, Vice Chair, UA Treasurer and six executive board members o We meet every week ●How We Fund o Receive budget from UA o Based on how much we receive we do a fair breakdown among ~150 groups ●Yearly Budget & Allocations Process o Takes place in the spring o Treasurers submit budget for upcoming year under funding guidelines

Basics of SAC ●Go to sacfunded.net o All relevant information ●SAC Online o Check how much you have in your account ●Like us on Facebook!

How To Access Your Funds Two methods 1)Use SAC funds when you buy with a check from Office of Student Affairs 2)Use SAC funds to reimburse clubs members through Concur Meet with your OSA advisor

Contingency Requests What is contingency? More funding Why should I apply? Uncertain costs from yearly budget Unexpected expenses How can I apply? Apply on SAC online List expenses and submit request Meet with exec and explain request

Guidelines ●Use guidelines to create budget and apply for contingency ●Available on the website o Revised and easier to navigate

Debt Policies

Maintaining Recognition ●GBM is important! o If you miss 2 GBMs, you will be derecognized o Have all board members subscribed to the listserv ●Can apply for re-recognition