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Funding for Collaborative Funding Organizations (CFOs) University of Iowa Student Government & Executive Council of Graduate and Professional Students.

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Presentation on theme: "Funding for Collaborative Funding Organizations (CFOs) University of Iowa Student Government & Executive Council of Graduate and Professional Students."— Presentation transcript:

1 Funding for Collaborative Funding Organizations (CFOs) University of Iowa Student Government & Executive Council of Graduate and Professional Students

2 Introductions Name Organization Position/Role

3 CFOs FY14 Allocations Crisis Center SCOPE Homecoming Council Dance Marathon Student Video Productions Bijou RVAP Indian Student Alliance KRUI

4 Joint Finance Committee (JFC) GPAC & SABAC GPAC = Graduate/Professional Allocation Committee (the budget committee for ECGPS) SABAC = Student Assembly Budget & Allocation Committee (the budget committee for UISG)

5 Application Steps 1.Submit Budget Request 2.Submit Budget Application Supplemental Form

6 1. Log into OrgSync and go to your org’s main page…. Submitting a Request

7 2. Hover over “Treasury” and click on “Budgets”. Submitting a Request

8 Make Sure you select the correct period. 3. Click on “New Budget” Submitting a Request

9 4. Fill out Budget Request. Submitting a Request

10 Supplemental Form Listing of CFOs Revenue Sources Includes: Revenue from tickets or products/services sold Funding from other on & off campus programs Revenue from advertising/promotion Donations from U of I Foundation Revenues from membership fees/dues Contracts with other campus/student orgs

11 The Process Review of Budget Requests 1.Budget submission 2.JFC meeting With CFO representatives 3.JFC evaluation and recommendation 4.ECGPS and UISG approval

12 JFC Changes The Revisions are as follows: If not passed by Student Governments Sent to UISG & ECGPS Executives Sent back to Student Governments If failed again, Sent back to SAF Committee Allowed to come to our meetings to explain merits of applications & answer our questions Review of the CFO Recognition Applications Fiscal Year Budget Review Meeting

13 Fiscal Year Cap Equal to: Previous Fiscal Year Caps +/- % Change in SAF revenues + 3 year weighted average (3 rd being heaviest) of any newly recognized CFO. - current FY allocations of any CFOs that have lost recognition.

14 Discussion New Initiatives:  Assessment  Year End Reversions  Unforeseen Circumstances

15 Communication with UISG and ECGPS officers UISG Chief Financial Officer Drew Turner Drew-Turner@uiowa.edu ECGPS Budget Director/GPAC Chair Gene Parker Eugene-Parker@uiowa.edu


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