Finance

Associated Students can provide funding for special projects, events, conference travel,etc… In addition, we also provide for Academic Related Funds (ARRA). There are two type of allocation processes:

1) Annual allocation process:

This process establishes the general A.S. budget for the July-to-June fiscal year. It commences the preceding fall, when all prospective budget areas (or “departments”) submit requests through a process defined in the A.S. Constitution. During winter, the Finance Committee conducts hearings and recommends a budget to the A.S. President, who either approves the budget and forwards it to the Senate or returns it with recommendations to the Finance Committee for reconsideration, who then forward the reconsidered budget to the Senate. The budget is reviewed and, as appropriate, approved by the Senate and then sent on to the University President for final review and, as appropriate, approval.

2) Supplemental funding:

One-half of the funds not spent in a given year ”roll over” into the next year’s budget into an A.S. resource called Unassigned Contingency. Any existing or new budget area (department) may request supplemental funding from Unassigned Contingency through the Finance Committee and Senate in a process defined in the A.S. Constitution and in Article V of this document. In addition, students may request funding through the Academic Related Reserve Account (ARRA) during the actual year in which the funding would be used.

Both type requests follow the same application procedure.