Additional RSO Funding Sources

RSOs needing financial support for events can apply for on-campus funding from various departments, colleges, and organizations. Click on the funding sources below for details on application processes, guidelines, and deadlines:

Budgeting

A well-planned budget helps RSOs manage funds responsibly. It should be reviewed, explained, and approved by members.

A Budget Is:

  • A financial planning tool
  • A guideline for future goals and expenses
  • A record of financial activity

A Budget Can:

  • Help refine goals within financial limits
  • Ensure efficient fund use
  • Aid in decision-making and future planning

Developing a Budget

  1. Begin planning at least a month before the fiscal year ends.
  2. Outline planned activities.
  3. Determine available funds and expected income.
  4. Research major expenses and assign responsibilities.
  5. Prioritize spending and adjust as needed.
  6. Finalize, review, and approve the budget.

Managing the Budget

  • Maintain a minimum cash balance.
  • Establish financial procedures and policies.
  • Keep accurate transaction records.
  • Implement internal controls and cost oversight.
  • Regularly assess and adjust the budget.