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Types of Funds
Student Organization funds may exist in three separate forms, each of which has a different purpose, and therefore, different requirements for use:
Internal Funds
Internal Funds are made up of budgetary funds granted for a single fiscal year (or the remainder of a fiscal year). These funds come from student fees and unused funds are not retained at the end of a fiscal year (they are returned to the pool for reallocation amongst all organizations).
More information: Requesting A Budget | Spending Internal Funds | Policy for Internal Funds
Revenue Funds
Revenue Funds are made up of money the organization has raised (usually through ticket sales or fundraising events) and deposited through the Center for Student Engagement and Inclusion. An organization’s revenue balance is tracked separately from other funds and unused funds may carry forward from one year to the next, within existing policy limitations.
Deposits to an organization’s revenue account may be made in CSEI during normal business hours. A student ID (BeeCard) is required and the person depositing funds should be prepared to declare the source of those funds (i.e. the specific fundraiser or activity that generated the funds). A preliminary receipt will be provided.
CSEI Staff will credit the organization’s revenue account in Campus Groups once the deposit has been verified (including final verification of the amount). In the event of a discrepancy, the official amount recorded in the Bursar’s office for the deposit in question will be considered the amount deposited.