Outreach efforts to groups that are typically underrepresented in student organizations should be made. Selection criteria must be relevant to the goals and objectives of the organization. All funds allocated to the organization from University-controlled sources must be maintained in a University account and spent in accordance with the financial policies and procedures of the University. Loss of registered status will result in loss of student fee allocations. This includes an account of the amount of funds, the methods by which funds are generated and expended, and an account of the amount and object of expenditures.
Organizations are to keep receipts for moneys expended and issue receipts for moneys collected.
Organization funds should be disbursed through the use of checks and not cash. All checks must have the signature of the advisor and one officer, preferably the treasurer or president. The sources and amounts of organization revenues and the objectives and amounts of organization expenditure shall also be public knowledge. The student organization is solely responsible for any contracts entered into by the organization or any debts incurred by the organization. All student organizations are required to have a faculty advisor.