Policy and Procedure
NOTE - POLICY HAS
BEEN SUPERSEDED SEE NEW POLICY AT: |
STUDENT AFFAIRS OP 91.209: Financial Policies for Student Organizations - Accounts
Date: September 25, 2006
Purpose
To provide guidelines regarding financial accounts for registered student organizations.
Policy
Custodians of organization or public money must maintain those funds in on-campus or off-campus accounts, as appropriate.
Procedure
1. On-Campus Accounts
Student organizations whose existence is a direct outgrowth of a department whose funds are derived from student fees or other university funds, must keep those funds in an on-campus account in the name of the student organization.
2. Off-Campus Accounts
A student organization may use an off-campus account, usually a checking account, provided the following conditions are met:
- The name "Mississippi State University" may not be used.
All funds placed in any off-campus account must come from student-initiated projects, self-assessed fees or dues, or other income not from university sources. The funds cannot be university-collected or university-assessed fees, nor can they be revenue from coin-operated equipment located on campus.
Review
The Vice President for Student Affairs is responsible for review of this operating policy every four years or as needed
OP 91.209
10/12/06
For information about this policy, contact the responsible/reviewing department hyperlinked above.
