+ Finance Societies Guild Executive. + What do we do? Approve & decline applications Assist with financial enquiries & problems Decide on the financial.

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Presentation transcript:

+ Finance Societies Guild Executive

+ What do we do? Approve & decline applications Assist with financial enquiries & problems Decide on the financial policies Decide on budgets

+ What does the office do? Administration Portal issues Signing cheques Collect receipts. So don’t lose them!

+ Finance Tips Communication between the Auditor and Finance Officer is vital. Collaborate with other societies to spread the cost of events. Don’t got the money? Don’t spend it! Use your start of year grant! Don’t make applications we will not approve – see schedule of allowances for more details.

+ The Schedule of Allowances… Your financial guide for the year so refer to it at all times. Full of information regarding funding limits, what the Guild will and won’t fund etc. Subject to change – you will be notified if this happens. Edited a the discretion of the Guild Executive

+ How can I make an application? Online portal – Events & Equipment – Special Project Find the best prices before you apply. Apply at least 2 weeks in advance. Retrospective applications? No. Seriously, do not spend money until it is approved. This is extremely important. Confused? Me too…

+ Spend, spend, spend… How can I spend money? Cheque Online Bank Transfer Online International Bank Transfer Inter-society transfer Credit Card

+ Handling Cash Be careful Lodge EVERYTHING. Do not wait days or weeks to lodge cash. Lodge it straight away. Misappropriated funds. No. Get receipts for everything and keep track of them.

+ What do we not fund? Alcohol & food Days out – bowling/activities Donations including charitable Political subscriptions Society clothing (unless from your start up grant) Mystery tours (if they are reinstated), balls, AGM parties etc. Prizes for quizzes/competitions