Organization Funds definition
Examples of Organization Funds in a sentence
Supporting Organization Funds – These funds will be transferred to the Foundation upon sale of the gifted asset.
As discussed above, The Community Foundation receives and distributes assets for certain Organization Funds that have been established by a nonprofit from its own resources for the sole purpose of supporting that specific nonprofit’s operations.
Specific Purpose Donation Funds for School Use Athletic Funds Club Funds Student Council Fund Instructional Area Organization Funds (vocational, band, math, etc.) 2.3 Discretionary or Non-Restricted Funds Discretionary funds have more latitude for expenditures since they do not have to be spent solely for educational purposes.
See: https://www2.calstate.edu/csu-system/transparency-accountability/audit-reports/Documents/student- organizations/2017/17130StudentOrganizationsSystemwide.pdf While the report did take issue with the adequacy of EO 1068, Student Activities, and highlighted the nature and impact of ICSUAM 3141.01, Administration of Student Organization Funds, it appears that other compelling issues affecting the involvement of auxiliary organizations in student organization activities and funds, were not taken up.
Each programme was rated as A: short term (1 to 5 years), B: middle term (5 to 10 years), or C: long term (more than 10 years).
The campus had not established a procedure to identify and authorize off-campus student organization bank accounts by the campus CFO or designee, as required by Integrated California State University Administrative Manual (ICSUAM) §3141.01, Administration of Student Organization Funds.
Organization Funds belong to the Foundation and are subject to the terms and conditions of its governing instruments.
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid costs in both government‐wide and fund financial statements.
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Integrated California State University Administrative Manual (ICSUAM) §3141.01, Administration of Student Organization Funds, states that at no time shall a student organization deposit funds into an unauthorized bank account.