猎奇重口

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ASUM

Funding

  • Every spring semester, ASUM distributes a large sum of money to student groups. Only currently recognized groups may apply for funding during the Annual Budgeting Allocation. 

    The ASUM Business Manager contacts all student groups at the beginning of each spring semester about the application process. Allocations are assigned in specific expense categories, such as supplies or meeting expenses, usually as requested by the group.

    Budgeting Information Sessions are over for this spring. If your club missed the budgeting information session, please email the Business Manager ASAP!!! 

    This allocation process is for funds that will be made available for the following fiscal year (July 1 - June 30). Any ASUM allocated funds become available to groups in mid-August and are available for the school year. Funds which remain unspent by the spending deadline (typically May 30) are reclaimed by ASUM to be redistributed in the next Annual Budgeting Cycle.

    Groups need to pay close attention to the expense categories they spend from so they don't end up with a negative balance at the end of the fiscal year when ASUM removes unspent allocated funds. If you have questions about the spending process, please reach out to the Office Manager.

    Contact the ASUM Business Manager if you have questions about Spring Budgeting.

  • Special Allocations help fund groups hosting major events or meetings on campus or the Missoula area. Recognized groups can apply for Special Allocations anytime during the semester, but any funds that are awarded must be spent as awarded during that semester.

    Recommendations regarding Special Allocations are made by the ASUM Board on Budget & Finance and are then voted on by the ASUM Senate. When a Special Allocation is awarded, the funds are not transferred to the group's account. Instead, the expense is paid from an ASUM administrative account.

  • Travel Allocations assist Student Groups who are going on trips. Travel Allocation Requests may be submitted by recognized groups and are granted on a rolling basis during fall semester, but have a cut off of early February for spring semester.

    Recommendations regarding Travel Allocations are made by the ASUM Board on Budget & Finance and are then voted on by the ASUM Senate. When a Travel Allocation is awarded, the funds are not transferred to the group's account. Instead, the expense is paid from an ASUM administrative account.

    APPLYING FOR A TRAVEL ALLOCATION IS INDEPENDENT OF ASUM TRAVEL REQUIREMENTS: Please visit the Office Manager regarding all Travel in advance of your trip. 

  • The State Term Investment Pool (STIP) helps purchase equipment with a value of at least $150 which will be of use to a recognized group for a minimum of two years. STIP Requests are for capital improvements with long term value.

    Recommendations regarding STIP Allocations are made by the ASUM Board on Budget & Finance and are then voted on by the ASUM Senate. When a STIP Request is approved, the funds are not transferred to the group's account. Instead, the expense is paid from an ASUM administrative account.

  • Prior to any fundraising, groups must meet with the ASUM Office Manager to ensure that proper procedures are followed. Groups that fail to do so may be subject to sanction.

    Groups raise funds in a variety of ways: selling tickets to events; selling products such as baked goods or T-shirts; soliciting donations from campus departments and administrative offices; dues; contributions from national or local affiliates; and soliciting donations from businesses and individuals.

    • Paper: ASUM requires a Cash Log to be kept and submitted with cash deposited intact.
    • Plastic: UM Card Readers are available for checkout with advance notice from the ASUM Office.
    • Digital: ASUM has access to a Stripe account that is available for Student Group use with advance notice.

    Any monies raised by groups themselves are considered their own to spend as they want, as long as they are in compliance with UM and ASUM Fiscal Policy and procedures. Student Generated Funds carry over from one fiscal year to the next whereas Allocated funds have expiration dates in line with the fiscal year.

    Deposits

    All Student Groups must deposit fundraised monies with ASUM. If a group does not have an ASUM Index established, please meet with the ASUM Office Manager to get one started. For Deposits, the member will be asked to complete a deposit form and will be issued a receipt.

    • Checks should be made out to the name of the group or The 猎奇重口, not individuals.
    • Checks written to student groups must be deposited within 30 days.
    • Cash should be collected utilizing a Cash Log provided by ASUM. Please bring the cash log for filing; it will be used to verify the deposit is intact.
    • Cash must be deposited intact within seven (7) days of collection.

    Tax Deducible Receipts

    Student groups wanting to provide tax-deductible receipts for donations to the clubs must deposit those donations into an ASUM Foundation account. UM Foundation is a 501(c)3 that can provide a tax receipt on your the clubs behalf.

    Donation checks should be made out to UM FOUNDATION  with the name of the student group in the memo line and the word DONATION. Checks must follow standard check procedures. The Office Manager will forward them to the Foundation with the appropriate accounting information attached.

    The Foundation will send a receipt directly to the donor at the end of the tax year, as long as a mailing address is provided. UM Foundation will assess a 5% fee per donation to cover costs. After the funds have posted, typically about a month later, the donated funds can then be used by your group to pay expenses.

    While not tax deducible, the Foundation can also provide acknowledgement of donated items or services.

    PLEASE NOTE: Funds that are deposited into an ASUM Index rather than the UM Foundation cannot be considered a donation nor can a tax receipt be issued. If outside support (a check or cash from an outside entity) does NOT need to be tax deductible, it can be deposited into the club index with ASUM. In all fundraising, it is important that this distinction is clear and that the word DONATION is only used in the context of working with the UM Foundation.

    For further questions, please email the ASUM Office Manager.

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