The Final Budget is determined through a multi-step process. This process is overseen by the Budget and Finance Committee within the Student Senate.
The SGA Senate Budget & Finance Committee will meet on Wednesday, September 16 at 5 PM CDT, to hold the annual Final Hearing which allocates all student activity fees to the various Student Activity Organizations. The meeting will be live-streamed by EagleEye for anyone interested in viewing.
Each student pays $52 which accumulates to create the fund that the Budget &
Finance process is responsible for allocating among the Student Activity Organizations (SAO). The Budget & Finance process allows students to have the responsibility of managing the finances of all six SAOs.
If an SAO needs additional funding they may request either a Program Expansion Fund request or a Reserve Fund Request. The Budget & Finance Committee discusses the request and votes on it. If passed, the request is put into a bill and brought to the floor for the Senate to vote on.
Program Expansion Fund (PEF)- The fund from which SAOs can request a reoccurring increase. Each Request is reviewed by the B&F committee at the end of the year. PEF Requests can be found here.
Reserve Fund Request (RFR)- This is a request for some amount of funding that is requested for a one time event or project. The RFR form can be found here.
Fiscal Year – The university fiscal year runs from October 1 – September 30. All Student Involvement budgets follow this fiscal year
Please see below for the current Budget and Finance Process schedule:
Week of September 1- Preliminary hearings
September 16- Final Budget Hearings and Cut Process
September 28- Budgets passed on the SGA Senate Floor
October 1- New Fiscal Year Begins
Late October- Carryover Hearings