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State University of Iowa Code of Student Life, 1962-1963

Page 29

VII. Financial Policy

A. Two accounts shall be maintained in the Business Office, one each for (1) dances and (2) entertainments. All receipts from dances and entertainments shall accrue to these respective accounts, and all disbursements shall be made therefrom. if the total balance in both funds shall exceed $5,000, an equal distribution of surplus shall be made to all sponsoring organizations. A change from the $5,000 figure set as maximum may be recommended to the Subcommittee on Social Policy and Calendar at any time by vote of the three executive committees: Student Union Board, Student Council, and Central party and Entertainment Committee.
In each instance the balance in the account shall be carried forward from year to year. 
B. Each organization sponsoring and administering a dance shall be governed by the rules and regulations of All-University parties established by the Committee on Student life, and shall endeavor to provide the best possible music and program at the lowest practical admission price. Any marginal balance (profit or deficit) shall accrue to or be subsidized from the account of All-University parties. 
C. When sponsoring and administering entertainments the Central Party and Entertainment committee shall be subject to the same rules of advisership, budget approval, and control as are established for handling All-University parties. The best possible entertainment shall be provided at a reasonable admission price, and any profit or deficit shall accrue to or be paid from the account of All-University entertainments. 
D. If at any time the balance of either (1) the dance fund or (2) the entertainment fund becomes inadequate a transfer of funds may be made by vote of the Committee and with the approval of the advisers and the University Business Manager. 
E. When sufficient balances have accumulated the Committee may engage for one of the All-University parties promoted and sponsored by itself a well-known "name" band and may budget the party on such a deficit basis as will make possible sale of tickets to students at the usual approved prices. 

VIII. Rules of Procedure
A. SCHEDULING
1. All-University parties shall be held on Friday or Saturday nights, and the parties shall be divided as evenly as possible between the two semesters of the school year. 
2. Popular entertainments shall be scheduled on Friday or Saturday night if possible. 

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Saving...

VII. Financial Policy A. Two accounts shall be maintained in the Business Office, one each for (1) dances and (2) entertainments. All receipts from dances and entertainments shall accrue to these respective accounts, and all disbursements shall be made therefrom. if the total balance in both funds shall exceed $5,000, an equal distribution of surplus shall be made to all sponsoring organizations. A change from the $5,000 figure set as maximum may be recommended to the Subcommittee on Social Policy and Calendar at any time by vote of the three executive committees: Student Union Board, Student Council, and Central party and Entertainment Committee. In each instance the balance in the account shall be carried forward from year to year. B. Each organization sponsoring and administering a dance shall be governed by the rules and regulations of All-University parties established by the Committee on Student life, and shall endeavor to provide the best possible music and program at the lowest practical admission price. Any marginal balance (profit or deficit) shall accrue to or be subsidized from the account of All-University parties. C. When sponsoring and administering entertainments the Central Party and Entertainment committee shall be subject to the same rules of advisership, budget approval, and control as are established for handling All-University parties. The best possible entertainment shall be provided at a reasonable admission price, and any profit or deficit shall accrue to or be paid from the account of All-University entertainments. D. If at any time the balance of either (1) the dance fund or (2) the entertainment fund becomes inadequate a transfer of funds may be made by vote of the Committee and with the approval of the advisers and the University Business Manager. E. When sufficient balances have accumulated the Committee may engage for one of the All-University parties promoted and sponsored by itself a well-known "name" band and may budget the party on such a deficit basis as will make possible sale of tickets to students at the usual approved prices. VIII. Rules of Procedure A. SCHEDULING 1. All-University parties shall be held on Friday or Saturday nights, and the parties shall be divided as evenly as possible between the two semesters of the school year. 2. Popular entertainments shall be scheduled on Friday or Saturday night if possible. [29]