Who are we?
Our duty as a board is to allocate the student activity fund (SAF) to all the student organizations on our campus in a fair manner. However, our ultimate goal is to promote student involvement and campus life at IIT. FB is also responsible for making sure that student organizations are using the money allocated to them in a manner that does not go against the SGA constitution and bylaws as well as the FB Guidelines. We would like to help all organizations become comfortable with our proposal process so feel free to contact us at email@example.com with any comments, questions or concerns. You can also reach out to your respective Finance Board advisor via email.
What is the SAF?
The SAF is the Student Activities Fund that is paid into by all students at the university. The Fund is for sponsoring student activities on campus. This charge of this account has been given to the Finance Board (FB) which handles the distribution but dispensation is done by the Office of Campus Life.
Who gets to be on FB?
FB consists of 9 regular voting members and a chair. The Chair is selected through general elections by the general student body during the SGA Executive Board Elections. The rest of the board is nominated by the general student population (mostly student organizations) and confirmed by the SGA Senate through a slate put forth by the FB Selection Commission.
What are the FB Guidelines?
The FB Guidelines is a set of recommendations that the FB usually follows to help in the allocation of funds. This is usually made available in form of a document to all students at request and during workshops. It can also be found under the related links tab on this website. It should be noted that the guidelines are in no way a binding document but are just in place to help clarify general practices of the board. The guidelines can be changed by the board at any point in time without prior notice. The most updated version is usually made available upon request.