{"id":1062,"date":"2019-09-08T16:24:45","date_gmt":"2019-09-08T16:24:45","guid":{"rendered":"https:\/\/www.bates.edu\/clubs\/?page_id=1062"},"modified":"2023-08-30T22:52:10","modified_gmt":"2023-08-31T02:52:10","slug":"management","status":"publish","type":"page","link":"https:\/\/www.bates.edu\/clubs\/funding\/management\/","title":{"rendered":"How to Manage Your Club Funds"},"content":{"rendered":"

Campus Life and the BCSG Budgets & Clubs Board provides resources and support for the responsible management of club funds. Please find information below regarding how to access and use the funds\u00a0already in your account<\/strong>. Need to obtain more money? Apply for more funding via your Bates Engage accounting book.<\/p>\n

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Where to Go<\/h3>\n\t\t
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Unless you’re getting a cash advance for $150 or under, your first stop for all account transactions will be Campus Life.<\/p>\n

Campus Life<\/strong>
\n96 Campus Ave., 2nd Floor
\nOpen: Monday through Friday 10:30am to 5:00pm<\/p>\n

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When you need to speak to the cashier, you can find them in Lane Hall.<\/p>\n

Cashiering – Accounting<\/strong>
\nLane Hall 221
\nOpen: Monday, Wednesday, and Friday 8:30am to 4:00pm<\/p>\n

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Your Account Number<\/h3>\n\t\t
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Regardless of whether a club receives an inital allocation, each club has an account. Your account number is formatted like this:<\/p>\n

XXXX-3040<\/h4>\n

The first four digits are unique to each club, and are called the\u00a0fund<\/strong> number. Don’t know your fund number? Contact campuslife@bates.edu<\/a>.<\/p>\n

The second four digits are the same for every club – 3040 – and are called the\u00a0org<\/strong> number. Both the fund and org number make up your club’s account number.<\/p>\n

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Account Reports<\/h3>\n\t\t
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Your president and treasurer on record will receive a statement of club account activity for the academic year to date on or around the 15th of each month. If your president or treasurer are not receiving this report, please verify that they are listed as the president or treasurer in your club’s Bates Engage group. You may change your officers from this group, and email accounting@bates.edu<\/a> to notify them of the change to ensure that your club receives these reports.<\/p>\n

Your Bates Engage accounting book should be reconciled with this report each month to verify accuracy. If you note any discrepancies or inaccuracies when comparing your monthly account report and your Bates Engage accounting book, please contact your Funding & Activities Advisor (FAA). You can find who your FAA is via the Officers page of your Bates Engage group. They’ll help you sort things out!<\/p>\n

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Accounting Book<\/h3>\n\t\t
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Clubs are expected to maintain an accounting book reflecting all account activity, separate from monthly account reports. This is because depending on the manner in which an expense is made, it could take up to two months to post to your account. An up-to-date accounting book is required for the Mid-Year Report (due the first Monday of December), and Club Re-Registration Application (due the second Monday of March), so it’s a good idea to keep an up-to-date book year-round.<\/p>\n

You may access your club accounting book from the Officer Dashboard of your club’s Bates Engage group – just select “Accounting” to be taken to it.<\/p>\n

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Cash Advances<\/h3>\n\t\t
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Clubs can get cash advances for amounts up to $150 by completing an Advance Request Form<\/a> and bringing it to the cashier in Lane Hall 221. Any advances over $150 will be direct deposited to your bank account. Direct deposits are made on Fridays. Advances may not be used to fund overnight trips that have not been approved by Campus Life.<\/span><\/p>\n

Once you have made your purchase, snap picture(s) of your receipt(s) and upload them to a payment request from your Bates Engage accounting book. Campus Life will fill out the relevant Accounting form and send it to you to sign off via AdobeSign. Bring any cash you may have left back to the cashier in Accounting to clear the advance. Make sure to complete this process – failure to do so may result in personal ramifications or club sanctions. You may review how to submit a payment request via Bates Engage here<\/a>.<\/span><\/p>\n

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Reimbursements for Personal Funds Used<\/h3>\n\t\t
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Per the Club Operations Policy, reimbursement requests must be submitted to Campus Life within thirty days of the date of purchase. <\/span><\/p>\n

If you use personal funds to make a club purchase, snap a picture(s) of your receipt(s) and upload them to a payment request from your Bates Engage accounting book.\u00a0Campus Life will fill out the relevant Accounting form and send it to you to sign off via AdobeSign. <\/span>Your reimbursement will be then be direct deposited to your bank account. Direct deposits are made on Fridays. You may review how to submit a payment request via Bates Engage here<\/a>.<\/span><\/p>\n

Please note that in order to be reimbursed for overnight travel expenses, you must have submitted a Travel Approval Form<\/a> and been approved by Campus Life in advance of departing on the trip.<\/p>\n

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Payments to Non-Bates Entities<\/h3>\n\t\t
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Please find detailed information on how to navigate contract negotiation and\u00a0required<\/span> certificates of liability insurance here.<\/a> Students may not sign contracts on behalf of Bates College. Please do not hesitate to contact Campus Life at campuslife@bates.edu<\/a> for guidance and support.<\/strong><\/p>\n

Invoices and contracts for payments should uploaded to a payment request from your Bates Engage accounting book. Payments to non-Bates entites require a <\/span>W-9 form<\/span><\/a> filled out by the person or group you are paying. <\/span>Please note that students currently enrolled at Bates College may not be paid using funds from your club account. <\/b>Note that this is a legal requirement outside of Bates and Campus Life control.<\/span><\/p>\n

Never pay for services rendered by non-Bates entities from your personal funds – always use club money.<\/span><\/p>\n

If you are paying someone who is a foreign national please check with Campus Life<\/span> well in advance of the person\u2019s arrival. There are federal rules that govern if the person can be paid or not.<\/span><\/p>\n

Payments are made via Bates College check; checks are cut on Thursdays, and are generally mailed. If your speaker or performer requires a check on-site, let Campus Life know when you drop it off, and you may pick it up from Accounting in Lane Hall 221 on Friday morning.<\/span><\/p>\n

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Campus Life Credit Cards<\/h3>\n\t\t
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Campus Life has both a Visa and a Walmart credit card available for clubs to check out to make purchases.<\/p>\n

You may reserve a Campus Life Credit Card or Walmart Credit Card here.<\/strong><\/a><\/p>\n

Please note that it may take up to two months for these charges to appear on your club account.\u00a0<\/b>Campus Life will not update your club’s Bates Engage accounting book to reflect these charges, so make sure to upload the receipts via a payment request to ensure your accounting book is accurate. You may review how to submit a payment request via Bates Engage here<\/a>.<\/span><\/strong><\/p>\n

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Deposits<\/h3>\n\t\t
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To make a deposit to your club account, visit Campus Life. If you fill out the Deposit Summary Form<\/a> prior to doing so, your visit will be shorter! Campus Life will assist you in filling out the form to ensure that the money is deposited correctly. Note that how the deposited funds are designated is important, especially if they are intended for a specific use.<\/span><\/p>\n

Campus Life will review the form for accuracy and sign it to approve the deposit. You may then take the form and cash or check(s) to the cashier in Lane Hall 221 to complete your deposit.<\/p>\n

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Club-to-Club Fund Transfers<\/h3>\n\t\t
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Campus Life approves club-to-club fund transfers. You may request a transfer here<\/a>. Upon approval, the transfer should post within two business days.<\/p>\n

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