Budget Request/Funding

Budget Forms

Budget Request Form (.doc)

Budget Forecast Form (.xls)

E-mail completed Budget Request Forms to: Terrence.Tan@rockets.utoledo.edu

 

SBA Funding

Who Qualifies for Funding?
The SBA is a source of funding for both SBA recognized student organizations as well as individual SBA members.

What can be funded
The SBA provides funding to assist SBA members and organizations meet their financial needs for various events, trips, speakers, etc. 

Please note:  Student organizations are encouraged to be self-sufficient through collection of dues, fundraisers, and private endowments. However, when additional funding is required, SBA funds may be requested to meet organizational or individual needs.

In the past, funds have been requested to assist with speaker fees, food for events, office-supplies, and travel expenses for attending organization-related conferences.  This is not intended to be an exhaustive list, but rather to illustrate common purposes.

One notable exclusion to SBA funding:  Funds may NOT be used to purchase alcohol.

When must organizations submit funding requests?
In order to facilitate logical allocation of its funds, SBA requires that organizations submit budget requests to the SBA Budget Committee no later than 5:00PM on the Monday immediately proceeding a SBA Board meeting. Currently the SBA board meets approximately every other Wednesday during the Fall and Spring semesters.

When must individuals submit funding requests?
Individual SBA members may appear and present budget requests at any SBA Board meeting.

When are requests considered for funding?
The SBA Budget Committee makes general recommendations on funding requests and SBA votes on funding requests at the SBA meetings (held approximately every other Wednesday during the Fall and Spring semesters)..

Are there any special prerequisites for funding?
Any UTLaw student organization that wishes to be recognized by SBA must first be recognized by main campus student activities.  Prior to receiving a Budget Committee recommendation regarding funding, each student organization must submit an estimated budget forecast PRIOR to the first budget request of EACH semester.

On what basis are funding requests considered?
The SBA Budget Committee balances a number of factors when considering organizational funding requests.

Procedurally, the organization must have filed a budget forecast, the organization should contribute to the cost of holding the event (ideally, the organizational contribution should match or exceed the requested amount), the organization should hold at least one fundraising activity per semester, and finally, the organization must make a showing of financial need with respect to the organization’s remaining available funds.

Additionally, the SBA Budget committee may consider factors such as the number of dues paying members in an organization, the number of students that might participate in the funded event, whether the event was included in the budget forecast, how much funding the organization has already received during the semester, any future/other benefits that funding will provide to the school and its students, and general availability of funds.

Where does the SBA obtain its funds?
The SBA obtains funding from a variety of sources. Each year the SBA collects one-time dues from new incoming 1L SBA members.  Additional funding is received from main campus student activities. The SBA raises other funds through various efforts throughout the year such as locker rental, activities and various auctions.