Finance Frequently Asked Questions
How do I contact the VP Finance?
Who are the members of the finance committee?
How do I turn in any paperwork to the finance committee?
Who can request money from OMSGA?
How do I request money from OMSGA?
Who is eligible to be reimbursed?
Where do I find the reimbursement form?
How long does it take to get reimbursed?
When do I turn in my reimbursement form?
What if I lost my receipts. Can I still be reimbursed?
Will OMSGA pay for anything?
I’m president of a club. Do I request a budget from OMSGA?
How do I make a deposit?
Can a club have their own bank account?
Who do I turn to regarding finance related concerns or if I want to propose a resolution to the OMSGA General Assembly?
How do I contact the VP Finance?
Who are the members of the finance committee?
This will change every year.
How do I turn in any paperwork to the finance committee?
Any member of the finance committee will be happy to assist. Additionally, most finance papers are available in an active PDF that can be completed on your computer and then emailed to finance@tunlive.com
Who can request money from OMSGA?
Any current osteopathic student in good academic standing can request money from the OMSGA.
How do I request money from OMSGA?
First, please fill out the funds request form found at the OMSGA Finance Documents webpage. Next, turn in the form to anyone on the finance committee. From there, the finance committee will meet to review the request and create a resolution which will be presented at the next General Assembly (GA) meeting. The GA votes on the amount of money proposed by the finance committee on behalf of the requesting student, not just on the question of whether or not a request for funds is granted. Once voted on, the student(s) will be notified by the VP Finance of the final decision.
If you would like, you are welcome to attend the GA assembly meeting to speak in favor of the resolution.
Who is eligible to be reimbursed?
Any student organization approved by the OMSGA can be reimbursed. Typically individual students submit reimbursement forms on behalf of their organization.
Fill out a reimbursement form located at the OMSGA Finance Documents webpage or on the SGA bulletin board on campus and attach original receipts. For general interest clubs, funds are available through the set budget. If you are part of a professional or social club, your reimbursement will be turned into a resolution by the finance committee and then voted on by the General Assembly (GA). Students requesting money on behalf of professional and social interest clubs cannot be guaranteed 100% reimbursement. If you are interested in how much money your professional or social club can receive, fill out a funds request form prior to the event.
Where do I find the reimbursement form?
The reimbursement form, along with the deposit slip, advance check request form and funds request form can be found at the OMSGA Finance Documents Webpage. Additionally, these forms can be found on the SGA bulletin board on campus.
How long does it take to get reimbursed?
Typically, it will take about 2 weeks to be reimbursed. However, the timeframe may be elongated due to scheduled OMSGA meetings; so it may take up to 4 weeks on some occaisions. Please keep this in mind if you are waiting to pay off a credit card.
When do I turn in my reimbursement form?
You have up to 2 weeks after the last day of the event to turn in your reimbursement form.
What if I lost my receipts. Can I still be reimbursed?
Technically you must have original receipts for all purchases. However, if you can prove the purchase with a credit card statement or bank statement let the VP Finance know.
Will OMSGA pay for anything?
There are certain things the OMSGA cannot pay for, including non-kosher foods, events held during Sabbath, dinners at restaurants, etc. If you are unsure whether something will be covered, email the VP Finance at finance@tunlive.com in advance.
I’m president of a club. Do I request a budget from OMSGA?
Only general interest clubs are eligible for a budget. Professional and social interest clubs are given reimbursements on a request only basis. If you are unsure about your club’s categorization, please contact the VP Student Affairs.
How do I make a deposit?
Please review the deposit policy at the OMSGA Finance Documents webpage.The deposit must be handed to someone on the finance committee, as the dropbox is no longer being utalized.
Can a club have their own bank account?
No. All money collected through organizations on campus, along with student activities fee are in a checking account titled, Student Activities Account. The money is kept separately on a master program (Quickbooks). Therefore, if the singing club had $400 they had raised, the money would be deposited into the main checking account and the “singing club” account would be established on the master finance program.
Who do I turn to regarding finance related concerns or if I want to propose a resolution to the OMSGA General Assembly?
Please contact the VP Finance at finance@tunlive.com
All questions and funding requests of general interest groups, along with the 2010 budget, the banquet budget to 2010 Finance Officer Chris Wells at: do10-cwells@tunv.org
All questions and funding requests of professional interest groups, along with the 2011 budget to 2011 Finance Officer at: do11-jslothower@tunv.org
All questions and funding requests of social interest groups and the OMSGA related budget issues to VP of Finance Justin Schreiber at: finance@tunlive.com
