1. Info Sessions: Sunday, March 29 th and Thursday, April 2nd

2.  The Student Organization Budget and Appropriations Committee  “The purpose of SOBAC is to fairly allocate funds to University-wide recognized organizations and to periodically review the use of these funds in order to maximize the quality of student life.”

3.  RCSGA and WCGA Presidents,  3 members of both RC and WC Finance committees,  WC Treasurer, RC VP of Finance  The Director of Student Activities, Max Vest

4.  Recommendations made by consensus of the SOBAC and ratified by both SGA’s  In order to make recommendations we… ◦ Collect forms ◦ Review account history ◦ Conduct hearings

5.  Recognized student organizations that are not exclusive with membership according to their constitutions  The following groups are ineligible: ◦ Sports Clubs, IM teams ◦ Honor Societies ◦ Any Greek Organization, social or service based

6.  All organizations that are either new or did not receive SOBAC funding for the past two semesters can receive a maximum of: ◦ $500 in the fall semester ◦ And $1000 in the spring semester

7.  The committee has been expanded to increase efficiency  The Mid-Year Review process encourages accountability, organizations can be rewarded or penalized for the use of their funds  The constitution and by-laws have been updated to provide a more thorough definition of what will and will not be funded, which will be accessible to all of you, along with the sanctions that go along with violating the rules of SOBAC

8.  Takes place immediately after Winter Break  ALL organizations must present all post program reports regardless of how much has been allocated ◦ All post-program reports MUST be submitted within two weeks following the program  Review fiscal year account history ◦ If not on track to spend entire allocation, we will ask for an explanation

9.  To be eligible for spring semester funding, an organization must submit their applications and budget reviews to the committee by the first day of classes of the spring semester

10.  TODAY: Make sure you’ve signed in ◦ SIGN UP FOR HEARING TIME SLOTS  APRIL 8 th, 2009: APPLICATIONS ARE DUE ◦ Email them to ur.sobac@gmail.comur.sobac@gmail.com ◦ Check the website and Blackboard for any updates or for any of the forms  http://studentorg.richmond.edu/sobac/ http://studentorg.richmond.edu/sobac/

11. ◦ TUESDAY, APRIL 14 th : 5-10:30pm & ◦ THURSDAY, APRIL 16 th : 6-10pm  All time slots are 6 minutes  The sign up sheet will be available at the Student Activities desk – make sure to ask for it  Be prepared to explain the previous years budget  Bring 11 (Yes ELEVEN) copies of your application  In addition to the application, you must have an inventory of anything that your organization owns  Also, come prepared with the contact information for the new officers of the organization

12.  May 1, 2009: You will be notified of how much you will receive  June 30, 2009: Sign the online Code of Ethical Conduct and pass the funding guidelines test (all available on Blackboard)  July 1, 2009: Funds will be transferred to your account ◦ You will receive 60% of your funds for the first semester, and 40% in the second semester unless you request otherwise in your application and during your hearing

13.  Don’t hesitate to contact us or use the Blackboard account to post comments or questions – we check it regularly!  Feel free to email either of us: ◦ katrina.goulden@richmond.edu katrina.goulden@richmond.edu ◦ gabriel.gigliotti@richmond.edu gabriel.gigliotti@richmond.edu