Finance Policies & Procedures
Please refer to the information below regarding club and cluster finance policies.
For full policies, procedures and other information please reference the Student Leader Guide.
General Cluster Finance
- Clusters are given $4,000 at the start of their first term by the Office of Student Affairs and must adhere to all finance policies
- Cluster funds are prohibited from use on alcohol and gift cards
- Clusters with an overdrawn account at the end of their last term may have graduation tickets held until the account is brought back into good standing
General Club Finance
- Clubs raise funds primarily through membership dues.
- Negative balances at the end of the year may cause a restriction of event planning and budget use for the next executive board
- Club funds are prohibited from use on gift cards
Spending Regulations
- Funds may only be used on university approved vendors
- Student loan companies are prohibited from sponsoring events
- University compliance dictates spending limits on all events
- Hard alcohol is prohibited except in the event an exception request is approved by the Dean of Students
Financial Planning Office (FPO)
- FPO maintains the university accounts for all clubs and clusters
- Yajaira Nieves is the main contact for clubs and cluster accounts, contracts and payments
- Payment options include vouchers, contracts and reimbursements
- All requests should be submitted via the FPO Now System online
- Please refer to the Student Leader Guide for full policies and procedures