FGCU Sport Clubs Financial Training Fall 2014 Today’s Agenda O Duties of a Treasurer O Types of Accounts & Access to Funds O Purchasing & Reimbursements O How to: Making Travel Arrangements O Fundraising & Donations Duties of a Treasurer O Complete purchase/reimbursement forms O Track funds for all club accounts & deposit $ O Assist with fundraising/donation plans O Work with team to develop budget request Types of Accounts •University A&S Account funding •Fundraised by Off Campus your club A&S Account O Two ways to receive A&S funding: O Annual A&S Budget Request – SCC’s request is reviewed by the SG Appropriations Committee each year O Senate Bill - funding requests for unforeseen costs in the middle of the year O Sport Clubs Council O Holds budget hearings with each club and presents one request for all Sport Clubs to Student Government O Budget hearings take place September 2014 (for funding during 2015-2016) O Unused funds are swept at the end of each fiscal year (May 2015) Off Campus Account O Your Club’s Bank Account O Used for depositing funds raised by the club O Checks made out to “Eagles (club name)” can be deposited into this account O Must track deposits & withdrawals O Required for semesterly Financial Reports Funding Access O What can we use this money for? O O O O travel costs entry fees & league dues home events & facility rentals team equipment O Items purchased with A&S funds can’t be personalized or kept by members O Access funds through Purchase & Reimbursement Requests Checking Your A&S Balance O EagleLink O View up-to-date account balances O See transaction details Google Account Trackers Purchase Requests Check •2-3 weeks Credit Card •5 business days Submit all Purchase Requests to the Sport Clubs Office, Alico Arena 307 Look Over PR Form Any questions? Reimbursement Requests Check No $ •2-3 weeks •No Payment Submit all Reimbursements to the Sport Clubs Office, Alico Arena 307 Reimbursement Requests O Before making a purchase: O Check your account balances O Ensure the item is A&S eligible O Reimbursements are made to individuals O Not to your club Fuel Reimbursements O Must be submitted with: O Name of destination(s) O Use of fuel (car or boat) O Round trip mileage on google map/mapquest O Original receipts O Reimbursements are made to individuals O Not to your club Look Over Reimbursement Form Any questions? Do you know where to find these forms? Check out the Sport Clubs website: rec.fgcu.edu/SportClubs/forms.html Travel How To’s O All found in Team Manual online O Booking Flights O Reserving Hotels O Renting a Vehicle O Including discounted Enterprise rental rates O You can view the team manual here: O rec.fgcu.edu/SportClubs/resources.html Life of a Request O Step 1: Submit Paperwork to Sport Clubs Office O include all necessary details, invoices & receipts O signature of club officer submitting the request and signature of payee for reimbursements O Step 2: Approval Process O signature of SCC President, Treasurer & Coordinator O Step 3: Sent to Purchaser O Procurement handles checks & reimbursements O Campus Rec staff handles credit card purchases Payment Tips O Complete the form O No really. All of it. O Plan ahead! O Make sure payment deadlines are met O Always include supporting documents O Invoice that states the price & vendor O Printout of online shopping cart O Receipts & map for fuel reimbursements Fundraising O Teams are required to match at least 10% of annual A&S allocation O Percentages can be found in SCORE system handout O Submit Financial Report for credit O Sponsorships, donations, travel fees, equipment donations, etc. count towards total % O Due at the end of each semester O Submit through EagleLink Look Over Financial Report Any questions? Donations O Off Campus Account O Account managed by team O NOT considered tax deductible O Unless a 501(c)3 tax exempt organization O FGCU Foundation O Tax deduction letter given for donations $250+ O Only for donations – not sponsorships O Account managed by Sport Clubs Office Important Dates O Annual Funding Application for FY15-16 O SCC application – due mid-September O SCC hearings – late September O SCC submits one budget for all teams on October 10th to Student Government O Each team will have budget hearing with the Sport Clubs Council in late September Questions? O Sport Clubs Office Located in the Recreation Center, Alico Arena 307 O Email :: sportclubs@fgcu.edu O Phone :: 239-590-1420 O Website :: rec.fgcu.edu/sportclubs