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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 A llocated Funds How to Use Contingency Funding SAC Funding Guidelines - PowerPoint PPT Presentation
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Treasurer Training
A Guide To Learn the BasicsFall 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 SACâ—Ź Our Board
o Comprised of Chair, Vice Chair, UA Treasurer and six executive board members
o We meet every weekâ—Ź How We Fund
o Receive budget from UAo Based on how much we receive we
do a fair breakdown among ~150 groups
â—Ź Yearly Budget & Allocations Process o Takes place in the springo Treasurers submit budget for
upcoming year under funding guidelines
Basics of SACâ—Ź Go to sacfunded.net
o All relevant informationâ—Ź SAC Online
o Check how much you have in your account
â—Ź Like us on Facebook!
How To Access Your Funds• Two methods1) Use SAC funds when you buy with a check
from Office of Student Affairs2) 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• Email [email protected]• Meet with exec and explain request
Guidelines â—Ź Use guidelines to create budget and
apply for contingency
â—Ź Available on the website
o Revised and easier to navigate
Debt Policies
Maintaining Recognitionâ—Ź GBM is important!
o If you miss 2 GBMs, you will be derecognized
o Have all board members subscribed to the listserv
â—Ź Can apply for re-recognition
