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University of Iowa Code of Student Life, 1966-1967

Page 20

a flight must sign a legal release relieving the University and the sponsoring group of responsibility for accident or mishap. 

CHAPTER IX - STUDENT ORGANIZATIONS FUND

   I. Authorization. The Student Organizations Fund was authorized by the Finance Committee of the Iowa State Board of Education in a meeting held July 18, 1925. At the same time the President of the University was given authority to appoint an Auditor of Student Organizations, who would be responsible for auditing and accounting for all student organization funds, and for serving in an advisory capacity in matters concerning financial policy. 

   II. Participation by All Student Groups Required. 
All officially recognized student organizations are required to make use of facilities made available to them through the Auditor of Student Organizations for the transaction of their business This makes it possible to have uniform financial records available and ready for reference at any time and to preserve the financial records in permanent form The Auditor is located in Room 4, University Hall. 

   III. Transactions Student Groups Must Handle Through the Auditor of Student Organizations Fund. 
   1. Deposit all monies
   2. Pay all bills by vouchers
   3. Make contracts for bands or materials 
   4. Order any tickets needed for events sponsored by the organization. 
   5. Prepare budgets and clear all financial arrangements for all parties or other activities group sponsors.
   6. Organization treasurer checks with Auditor at beginning of school year and leaves his books for audit at the close of the year. 

   IV. Service Charge. In order to defray a portion of the expense necessary to administer the policy as outlined, each organization is required to pay a service charge of 2 per cent of its gross receipts.

   V. Services Rendered. 
Procedures for handling financial transactions through the Auditor of Student Organizations Fund result in each organization's receiving the following services:
   1. Assurance that vouchers are in order before payment is made. 
   2. Preparation of monthly statements showing in detail receipts, expenditures, and the balance. 
   3. Annual financial report published as of June 30 each year. 
   4. Assistance in preparation of financial reports required by national organizations. 
   5. Assistance in budget preparation. 
   6. Accounting for tickets sold for events sponsored by the organiza-
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a flight must sign a legal release relieving the University and the sponsoring group of responsibility for accident or mishap. CHAPTER IX - STUDENT ORGANIZATIONS FUND I. Authorization. The Student Organizations Fund was authorized by the Finance Committee of the Iowa State Board of Education in a meeting held July 18, 1925. At the same time the President of the University was given authority to appoint an Auditor of Student Organizations, who would be responsible for auditing and accounting for all student organization funds, and for serving in an advisory capacity in matters concerning financial policy. II. Participation by All Student Groups Required. All officially recognized student organizations are required to make use of facilities made available to them through the Auditor of Student Organizations for the transaction of their business This makes it possible to have uniform financial records available and ready for reference at any time and to preserve the financial records in permanent form The Auditor is located in Room 4, University Hall. III. Transactions Student Groups Must Handle Through the Auditor of Student Organizations Fund. 1. Deposit all monies 2. Pay all bills by vouchers 3. Make contracts for bands or materials 4. Order any tickets needed for events sponsored by the organization. 5. Prepare budgets and clear all financial arrangements for all parties or other activities group sponsors. 6. Organization treasurer checks with Auditor at beginning of school year and leaves his books for audit at the close of the year. IV. Service Charge. In order to defray a portion of the expense necessary to administer the policy as outlined, each organization is required to pay a service charge of 2 per cent of its gross receipts. V. Services Rendered. Procedures for handling financial transactions through the Auditor of Student Organizations Fund result in each organization's receiving the following services: 1. Assurance that vouchers are in order before payment is made. 2. Preparation of monthly statements showing in detail receipts, expenditures, and the balance. 3. Annual financial report published as of June 30 each year. 4. Assistance in preparation of financial reports required by national organizations. 5. Assistance in budget preparation. 6. Accounting for tickets sold for events sponsored by the organiza- [20]