Changes

Financial Guidebook

6 bytes removed, 23:19, 26 December 2016

→‎TL;DR

'''EUS Budgeting Standards'''

:*Please understand how taxes work for EUS groups

*Everything is budgeted for the PRE-Tax amount

**Total Revenue collected must be divided by 1.14975 to account for GST and QST being taken off

*Clubs & Design Teams should maintain their own financial records.

'''Cheque Reqs'''

:*Pink Form found in the EUS Office. Used to get a cheque processed for reimbursement or for a large payment to a company

*Cheques processed every Wednesday. Deadline to submit each week is Tuesday afternoon, or else it will wait till the following Wednesday.

*Only authorized Financial Officers for your specific account may approve a cheque req to your account. It will be rejected otherwise.

'''Deposits'''

:*Deposit Envelopes can be found in the EUS Office for cash and cheque deposits.

*See example of a correctly filled out deposit envelope.

*Take the pink carbon copy slip before placing sealed deposit envelope in the drop safe (found in the closet in the EUS office).

*Inform the VP Finance and Dianne of any in-coming sponsorship cheques, whether it’s from MESC or from an external company

'''Funding Sources'''

:*EUS Operating Budget

*Clubs Fund

*Design Team Fund

*External Sponsors

'''Floats'''

:*Must be submitted 5 business days beforehand

*Fill out both sections of the purple form

*Return the float in the cash box in an orderly fashion

'''Internal Transfers'''

:*Must be signed by both parties

*Up to the EUS groups to fill out internal transfer after a shared Blues Pub

*Not processed as regularly as cheques or deposits

==Sections==

10,178

edits