• Student Organizations are not permitted to keep organizational funds at a separate bank, credit union, or financial institution.
• Failure to deposit funds into your Agency Account shall make the organization ' s funds taxable income, violate procedure, and the organization will be subject to sanctions.
• When a Student Organization’ s agency account is inactive for at least 18 months, the remaining funds should be distributed to a non-profit organization as registered by Section 501 ©( 3) of the Internal Revenue Code. The funds will automatically be distributed to the Collin College Foundation General Scholarship Fund if no other organization is noted.
Requesting Funds
Student Activity Fee Advisory Committee( SAFAC) Student Organizations are eligible to request funding from SAFAC( Student Activity Fee Advisory Committee). Funding is available for activities that directly involve and benefit students. SAFAC hears funding requests from Student Organizations and college departments for events and programs with educational value that directly affect and help students. The committee comprises nine( 9) members. Five( 5) members are appointed by the Student Government Association( SGA), and the President of Collin College selects four members( 4).
Examples of previous initiatives funded by SAFAC:
• organizational travel to educational conference
• organizational programs
• cultural events
• guest speakers
• organization banners
• organization tablecloths
Funding Submissions Student Organizations and college departments requesting financial support from this committee must complete a Request form on the SAFAC page of Cougar Connect and provide supporting documentation. For on-campus events, requests must be submitted at least thirty( 30) days prior to the event. For conference attendance or purchase orders, requests must be submitted at least sixty( 60) days prior. Approval of an event does not guarantee approval of funding. Some examples of potential funding requests could include recreational activities, intercollegiate athletics, artists, lectures, cultural entertainment, and debating activities. Given the significant amount of funding submissions received, Student Organization leaders are encouraged to follow up on any pending submissions. If follow-up information is not received from the Student organization to SAFAC, the funding submission may be denied.
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