Where Does My Money Go?

1. Where Does My Money Go? Presented by Michelle My Nguyen VP of Business Administration 2009-2010

2. Why Do I Have to Pay the Students Activities Fee? • Student Activities Fee - $80/semester • Support clubs & organizations around campus financially • Allow clubs and organizations to host events and provide services for the entire USF Community • Enhancing your learning experience at USF (outside of the classroom – Opportunity for involvement & participation)

3. Where Does the Money Go First? The BIG Pot Aka ASUSF Account

4. More about the BIG Pot Associate Director of SLE ASUSF Finances (Finance Committee) Advisor VP of Business Administration & the Finance Committee ASUSF $750,000 (estimated for 09-10) Note: $90 Muni Passes – It’s in there too! We just don’t touch it!

5. Students Activities Fee Circular Diagram 3 1 2

6. More about the BIG Pot ASUSF $750,000 (estimated)

7. Smaller Pots = Funded Accounts Category 1: Administration - SLE Advisors • Category 2: Clubs & Organizations • Club Funding • Superfund • Category 3: Performing Arts • College Players • USF Voices • Category 4: Media & Communications • Foghorn • Graphics Center • USFtv • Ignatian Literary Magazine

8. Smaller Pots = Funded Accounts • Category 6: Support Services • Peer Advising Teams • Front Desk Workers • Category 5: Governance • Electoral Governing Board • CFCC • Greek Council • Senate • Category 7: Campus Activities • Campus Activities Board • Orientation Category 8: Reserves - Reserves – Emergency $

9. But Who Decides Who Gets What? ****The Finance Committee*** • VP of Business Administration –Committee Chair (non-voting) • 3 ASUSF Senators • 5 Students At-Large • Members upon recommendation of ASUSF Interview Committee (appointed by ASUSF Senate) • ASUSF Senate President (non-voting) • Director of SLE and Associate Director of SLE • In charge of allocating funds to all funded accounts in April • Any undergraduate student may apply • VP of Business Administration – Finance Committee Chair • Students decide!

10. What is the Process to Request Money? • In March, funded accounts starts putting their budgets together • Detailed, line item budgeting • In April, they presents to the Finance Committee • Questions & Deliberation from the Committee to come up with an awarded budget • Each organization have at least three (3) days to submit a written appeal to the Finance Committee. • Appeals and finalized budgets present to Senate by May. • Changes to budget during the year through Line Item Change Process (via-Orgsync)

11. Additional Information • Finance Committee tracks participation through Budget Stipulations • Effort to increase accountability among Funded Accounts and members • Quarterly Reports (Orgsync) • 1-1 meetings • Reports to Senate • FC members contact with Funded Accounts Executives

12. What if my organization is a club instead of a funded account? Don’t worry, you see the money too! • Club Funding • The money provides development opportunities for the organization, which may include office supplies, membership recruitment activities, staff development, and organization or conference dues. • $400/Semester • Evaluated by the Peer Advising Team on a weekly basis Club Funding Superfund

13. Superfund • Allocates money to clubs and organizations (non-funded accounts) when proposals from these clubs are turned in • The Superfund Committee consists of 7 voting members (not including VP of Business Administration, VP of Public Relations, the Superfund Committee Advisor) • When club/org needs money for an event they want to host for the USF Community, they send in a proposal (Orgsync) and present to the committee • The Committee deliberate and award the money • NOTE: Both Superfund & Finance Committees are committees of SENATE (Senate has final approval)

14. Superfund Superfund $70,165 Awarded Amount From a Small Pot into smaller pots!

15. Additional Information • Meeting: Mondays 12:00 pm – 1:20 pm • Informational Packet available in UC 100 • 6 weeks minimum for submission • Suggestion: If your proposal > $5000, with contracts, 12 weeks • Reminder: No reimbursements for funds spent prior to Superfund approval

16. Expenses Breakdown

17. Your $80 Breakdown

18. How do I benefit if I’m not in any organization? • Los Locos – Midnight Madness • Hui ‘O Hawai’I & Hawaiian Ensemble – Lu’au & Ho’ike • CAB – Homecoming Concert • College Players – Awesome plays • Foghorn – Free newspaper • USFtv – Free Television All of these events are free or available at a small cost for USF Students. How else would you justify paying only $5 to see Wyclef perform? 

19. What happens if Funded Accounts don’t use all budgeted amount, it remains in the ASUSF Account • ASUSF Reserve is used for big ASUSF initiatives (Safety shuttles, Lockers, Muni etc.) • Voice your ideas to Senate representatives (What do you want do to with the ASUSF Reserves?) • Apply to be a Finance Committee member and decide how ASUSF should allocate funding

20. ASUSF Account • 2008-2009 • Student Activity Fees collected (Revenue) $757, 120 • ASUSF Subsidy (expense) $724, 835 • Current ASUSF Reserves $372, 430 • Lockers Resolution • ASUSF Muni Account $196, 187 • Costs of Muni passes • Shuttle resolution

21. The benefits are all opportunity based • Both directly and indirectly, all students in the USF community will benefit • In some way, you will get your money back • The University cannot touch it, it’s ours  • Be a part of the funding decision process! Join Finance Committee! Or any other Senate Committees! CIRCULAR DIAGRAM

22. Thank You