Article 2—General Policies and Regulations
Part 3. Registered Organizations and Organization Fund
§ 2-310 Purposes for Which Organization Funds May Be Used
(a) The determination of the ways in which registered organization
funds are expended is largely the responsibility of the members
of the registered organization, subject to the general policies
and procedures established by the Office of Business and Financial
Services, which acts in the name of the comptroller. While it is
not possible to list all of the expenditure regulations, the items
outlined below are listed to present the thrust of the regulations,
and no attempt has been made to foresee all potential types of expenditures
that may be requested. Therefore, authority to approve all expenditures
remains with the director of the Office of Registered Organizations
and the Office of Business and Financial Services. Expenditures
from the Organization Fund must be for a lawful purpose and, in
general, must:
(1) be for payment for services rendered, or for material received,
(2) be related to the educational goals and objectives of the
University,
(3) not accrue or inure to the benefit of an individual or individuals,
except as payment for services rendered,
(4) not be for the purchase of alcoholic beverages,
or to enable or facilitate by any means the purchase of alcoholic beverages by any person,
(5) not be for the purchase of weapons (as defined in subsection 1-309(b)), or to enable or facilitate by any means the purchase of weapons by any person, and
(6) not be for the purchase of materials by, through, or from
the University for resale to others.
(b) Requests for travel reimbursements must be for actual and necessary
costs, and may not exceed the limitations for transportation, per
diem, or lodging as provided under University Travel Regulations.
(c) All tax and legal matters relating to organization activities
are the sole responsibility of the registered organization. Registered
organizations are not authorized to use the University’s Employer
Identification Number (EIN) or tax-exempt status. Funds deposited
in the Organization Fund may not be used for donations to, gifts
to, or support of charitable organizations, except with the special
approval of the Chancellor. Currently, the director of the Office
of Registered Organizations approves and supervises contributions
to recognized charitable organizations.
(d) Funds may be transferred to another account within the Organization
Fund provided that such transfer does not violate any University
statutes or policies or this Code and does not provide the recipient
organization with funds obtained in a manner otherwise prohibited
to the recipient organization.
|