SOBACInfo Sessions:

Sunday, March 29th and Thursday, April 2nd

The Student Organization Budget and Appropriations Committee

“The purpose of SOBAC is to fairly allocate funds to University-wide recognized

organizations and to periodically review the use of these funds in order to maximize

the quality of student life.”

What is SOBAC?

RCSGA and WCGA Presidents, 3 members of both RC and WC Finance

committees, WC Treasurer, RC VP of Finance The Director of Student Activities , Max Vest

What is the structure?

Recommendations made by consensus of the SOBAC and ratified by both SGA’s

In order to make recommendations we…◦ Collect forms◦ Review account history◦ Conduct hearings

How does it work?

Recognized student organizations that are not exclusive with membership according to their constitutions

The following groups are ineligible:◦ Sports Clubs, IM teams◦ Honor Societies◦ Any Greek Organization, social or service based

Who is eligible?

All organizations that are either new or did not receive SOBAC funding for the past two semesters can receive a maximum of:◦ $500 in the fall semester◦ And $1000 in the spring semester

New Organizations

The committee has been expanded to increase efficiency

The Mid-Year Review process encourages accountability, organizations can be rewarded or penalized for the use of their funds

The constitution and by-laws have been updated to provide a more thorough definition of what will and will not be funded, which will be accessible to all of you, along with the sanctions that go along with violating the rules of SOBAC

SOBAC Changes

Takes place immediately after Winter Break ALL organizations must present all post

program reports regardless of how much has been allocated◦ All post-program reports MUST be submitted

within two weeks following the program Review fiscal year account history

◦ If not on track to spend entire allocation, we will ask for an explanation

Mid-Year SOBAC Review

To be eligible for spring semester funding, an organization must submit their applications and budget reviews to the committee by the first day of classes of the spring semester

Mid-Year SOBAC Review Continued

TODAY: Make sure you’ve signed in◦SIGN UP FOR HEARING TIME SLOTS

APRIL 8th, 2009: APPLICATIONS ARE DUE◦Email them to ur.sobac@gmail.com◦Check the website and Blackboard for any updates or for any of the forms http://studentorg.richmond.edu/sobac/

What You Have To Do:

◦TUESDAY, APRIL 14th : 5-10:30pm &◦THURSDAY, APRIL 16th: 6-10pm

All time slots are 6 minutes The sign up sheet will be available at the Student

Activities desk – make sure to ask for it Be prepared to explain the previous years budget Bring 11 (Yes ELEVEN) copies of your application

In addition to the application, you must have an inventory of anything that your organization owns

Also, come prepared with the contact information for the new officers of the organization

HEARING DATES

May 1, 2009: You will be notified of how much you will receive

June 30, 2009: Sign the online Code of Ethical Conduct and pass the funding guidelines test (all available on Blackboard)

July 1, 2009: Funds will be transferred to your account ◦ You will receive 60% of your funds for the first

semester, and 40% in the second semester unless you request otherwise in your application and during your hearing

How you’ll be funded:

Don’t hesitate to contact us or use the Blackboard account to post comments or questions – we check it regularly!

Feel free to email either of us:◦ katrina.goulden@richmond.edu◦ gabriel.gigliotti@richmond.edu

Any Questions?