ussu society finance

Post on 12-Jun-2015

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How you can get funding from the Union, how your account works and how to spend your money

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If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Society

Finance

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

USSU fundingSocieties Fund

£13,000

Initiative Fund£6,000

Activities Loan£???

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Funding from USSU

Download application

formComplete form & email it back

Activities Committee

considers your application

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Funding from USSU - criteria

Under £75 USSU affiliated society;

Committee Constitution Code of Conduct

Over £75 USSU affiliated society;

Committee Constitution Code of Conduct

Paid in at least £75 Submitted a list of at

least 15 members

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

The Small Print…

Specified items

Spend within 28 days

Spend your money first

Ultra Vires – legal restrictions

Not for items already purchased

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Activities Loan

Show you can pay it back

2/3 rule

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Simple Rule:

If you haven’t got it…

DON’T SPEND IT

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Under £50

Buy it

Get a receipt

Claim it back

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Over £50

Fill in a Purchase Order form before you spend

Supplier can invoice us directly

We’ll arrange payment

(Dog n

ot

requir

ed)

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

SponsorshipMoney Services

DiscountsGet a good deal,

don’t undersell yourselves

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Your account

Pay money inPay money out

View your transactions(Our Finance Office is less scary looking than this though)

If you haven’t got it, don’t spend it Over £50 – Get it authorised BEFORE you spend it

Questions?

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