Types of Funds

Student Organization funds may exist in three separate forms, each of which has a different purpose, and therefore, different requirements for use:

Internal Funds
Internal Funds are made up of budgetary funds granted for a single fiscal year (or the remainder of a fiscal year). These funds come from student fees and unused funds are not retained at the end of a fiscal year (they are returned to the pool for reallocation amongst all organizations).

More information: Requesting A Budget | Spending Internal Funds | Policy for Internal Funds

Revenue Funds
Revenue Funds are made up of money the organization has raised (usually through ticket sales or fundraising events) and deposited through the Center for Student Involvement. An organization’s revenue balance is tracked separately from other funds and unused funds may carry forward from one year to the next, within existing policy limitations.

Deposits to an organization’s revenue account may be made in CSI during normal business hours. A student ID (BeeCard) is required and the person depositing funds should be prepared to declare the source of those funds (i.e. the specific fundraiser or activity that generated the funds). A preliminary receipt will be provided.

CSI Staff will credit the organization’s revenue account in OrgSync once the deposit has been verified (including final verification of the amount). In the event of a discrepancy, the official amount recorded in the Bursar’s office for the deposit in question will be considered the amount deposited.

More Information: Depositing revenue Funds | Spending Revenue Funds | Policy for Revenue Funds

External Funds
External Funds are money that the organization has deposited in an off-campus account. Organizations must meet certain criteria to maintain this type of account, must submit monthly audits to CSI, and are subject to restrictions on the balance carried externally.

More Information: Policy for External Funds | External Account Dates & DOcs | Step-by-Step Audit Guide

Announcements

2017-18 Funding Requests
The deadline to request a budget from Allocations Board for 2017-18 is May 25 at noon! Training (which is required before submitting a request) is to be completed online this year. Click to access the training now or get info about the training.

Additional resources for developing your budget request can be found on this page.

Event Calendar

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Helpful Links

Reallocation Request Form
Student Org Funding Portal
General Org Resources/Handbook
Center for Student Involvement
UB OrgSync

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