Transcript Creating & Managing a Committee Budget

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Creating &
Managing a
Committee
Budget
UVA Student Council
October 2011
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How the process works
 Summer
budget approved between induction of
new officers and end of the academic year
 Due
before finals in the spring
 Funds accessible at year-end, through the first week of
school
 Fall
budget approved at the beginning of the
academic year
 Funds
accessible once the budget is passed in the fall
 Once fall budget is approved, summer funds will not
be accessible
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How to make your budget
 Create
a line-item budget based on expected
events and activities
 Look
at prior years’ budgets
http://www.uvastudentcouncil.com/financial/
 Get quotes from vendors/suppliers for approximate
costs
 New
this year: greater budget flexibility
 Line-items
will be used to generate a bottom line total
 This total will be the amount allocated to each
committee—more flexibility for new programs
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SAF vs. Non-SAF
 SAF
funds can only be used for certain activities,
everything else is funded by non-SAF
Biggest difference: food (including utensils, cups, etc.),
prizes/awards, and fundraising activities are non-SAF
 Religious activities, political activities, and social
entertainment are non-SAF
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 Many
distinctions between SAF and non-SAF vary on
a case-by-case basis
For a list of the guidelines, go to
www.uvastudentcouncil.com/download/112/ (pg.7)
 If in doubt, email Katie Gaver at [email protected]
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AtUVA: New financial package
 Allows
us to track all purchases and purchase
request by committee
 Gives
a running balance of how much money
each committee has left to spend
 Creates
transparency!
 http://www.atuva.net
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AtUVA: New financial package
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AtUVA: Finance and Roster
The roster tab lets you invite
members and manage positions
(give financial abilities)
The finance tab lets you make
purchase requests and check
your account balances
+AtUVA: Adding members/managing positions
+AtUVA: Adding members/managing positions
+ AtUVA: Adding members/managing positions
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AtUVA: Creating a purchase
request
1.
Log in using your computing ID and password
2.
Go to the committee for which you’ll be spending money
3.
On the bottom left-hand side, click on the “Finance” tab
4.
On the upper right-hand corner, click on “Create
Purchase Request”
5.
Fill out all information, making sure to specify what
initiative the expenditure is for, whether it’s SAF or nonSAF, and how it you need to pay for it (see next slide)
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AtUVA: Payment options
 SAF
funds have some flexibility. You can
pay by:
 Meeting
with Business Services to create a
purchase order for any vendors who are
registered with the University
 Having the company send an invoice to StudCo
 A direct transfer of funds within the University
(PTAO)
 Paying out of pocket and being reimbursed—
make sure to enter your 9-digit student ID #
 Using a p-card (training required)
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AtUVA: Payment options
 Non-SAF
funds are a little simpler. You can
pay by:
 Paying
out of pocket and being reimbursed—
make sure to enter your 9-digit student ID #
 Having the CFO write a check to the vendor
(invoice needed for this)
 Having the company send an invoice to StudCo
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AtUVA: After your spending is
approved
 When
your purchase is approved, you will receive
an email notification from atUVA
 Once
approved, make the purchase
 Print
out the atUVA form and attach any receipt or
invoice
 Deliver
the form + receipt to Newcomb 164K (in
the StudCo office)
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To the right of the computer monitor, there’s a file system
with sections for SAF receipts, non-SAF receipts, and
completed forms
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A couple of things to note…
 Never
sign a contract—this must be done by
Mike Citro
 Plan
ahead if you’ll be making major
purchases, and be sure to allow extra time for
processing, shipping, etc.
 If
your committee has a p-card, only the
cardholder can use it to make purchases, and
these must be tax-free
 Most
importantly—all spending must be
approved before any purchase is actually
made
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Questions? Comments?
 All
important documents accessible at
http://www.uvastudentcouncil.com/financial/
 Questions?
Comments? Contact Katie Gaver at
[email protected]