The purpose of requiring a minimum balance is to ensure that interest will continue to be generated from the monies deposited by student organizations into their COF accounts. Since funding for the COF Review Committee comes from the interest earned off all student organizations' COF accounts, we would like to insure that future events may be funded.
All funding is by reimbursement.
Organizations are responsible for getting approval from the Review Committee and for paying all their costs up front. Individuals from the student organization will be reimbursed after the event occurs. Funding must also be approved before the event takes place. Social events held off-campus will not be funded by the COF Review Committee. An application form must be filled out in order to request funds.