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UA Finance Board Supplemental Policies

Finboard will no longer fund:

� No food under operations

� No Membership dues to external groups

� No Intramural sports fees

The Start-up Restructuring Fund:

� Will no longer contain a separate capital portion available to all Finboard groups (things of this nature will be handled as regular capital).

� Will require main account access for all start up groups as a condition of application (submitting an application gives consent to Finboard to view main account balance and transactions).

� Will require categorization of all income and expenditures from the main account; it must be submitted as an attachment to the capital start-up application.

� Is available, through an application process, to new groups and groups going through reconstruction as deemed by Finboard.

With regard to allocations:

� As conditions for applying for funds, current main account balance, current reserve account balance, actual gross income and actual gross expenditures for the last two funding periods shall be provided by the Student Activities Finance Office; the group shall provide gross estimated income.

� The purpose of appeals is to give money to groups that did not receive an allocation and on rare exceptions increase allocation amount at the discretion of Finboard; nearly all Finboard funds will be distributed at allocations.

With Regard to Capital:

� If a capital line item costs $200 or more, at least two quotes must be provided to Finboard.

� Finboard funding given to a specific capital line item can only be used for that line item.

� No more Finboard funding can be used on a specific capital line item other than what has been allocated to that line item without the permission of the Finboard Chair.

� Finboard reserves the right to ask for at least one quote for any capital line item.

Source—Undergraduate Association Finance Board