September 1965 SGA Revised Financial Policy

The Student Government Association Towson State College Revised Financial Policy September 1965 There is no area of service in the working of an organization that requires greater accuracy than its financial record keeping. In the management of public money it is extremely important to insist upon absolute accuracy and a complete accounting for every penny committed to the custody of the Treasurer. The Financial Power of teh Student Government Association at Towson State College is, in essence, limitless if it is used with discretion and responsibility. In order to insure conscientious and responsible use of the funds, the following Basic Policy Declaration has been established by the S.G.A. II. Funds The S.G.A. operates on the $25.00 activity fee paid by each full-time student entering the college in September, the $12.50 activity fee paid by each full-time student entering the College in February, and any receipts collected by the various organizations. The S.G.A. General Fund is kepy on deposit in the State Treasury in Annapolis. III. The S.G.A. Treasurer The S.G.A. Treasurer shall: 1. Direct and administer all financial affairs of the S.G.A. at Towson State College. 2. Be chairmand of the Financial Committee and, as chairman, conduct budget hearings prior to the beginning of each budget period and submit the budgets to the S.G.A. Senate for approval. 3. Make a comprehenside financial report to the entire S.G.A. as of September 30 and January 31 of each year. 4. Issue monthly statements to each organization. 5. Maintain an adequate ledget system which shall be open to the inspeaction of members of the S.G.A. 6. Schedule at least two office hours per week. 7. Be able to furnish an accurate statement of the balance of the S.G.A. account, at all times. 8. Appoint two assistant treasurers and delegate duties to each. 9. Authorize Charge Authorization Cards for each organiztion. 10. Have the authority to take action against any organization that does not operate within the accepted financial policy of the S.G.A. IV. Assistant Treasurers 1. The S.G.A. treasurer may appoint two assistant treasurers and shall delegate the various responsibilities to each. 2. The part-time bookkeeper shall be primarily under the supervision of the S.G.A. Treasurer but will also be available for the work of other members of the Executive Committee. V. The Financial Committee Membership 1. The Financial Committee shall consist of twelve members: The S.G.A. Treasurer who shall be it's chairman, the two assistant treasurers, the senior, junior, and sophomore class treasurers, and two members of the three upper classes elected yearly from the Senate.