FINANCIAL ASSISTANCE
Sport clubs are funded in part through money allocated to the Sport Club Program from the HPER Fee. The amount allocated to each club is dependent upon; club needs as described in each clubs budget proposal, club dedication to follow policies & procedures, and ability to raise money through dues collection and fundraising. Clubs are not allowed to establish separate accounts with the University or a commercial bank. Note: Any outside accounts found will result in the immediate suspension of that club!
All funds allocated from the Intramural/Recreational Sports Program will expire on Dead-day during the spring semester. Only funds raised by the club are eligible to be carried forward to the next fiscal year. Funds allocated from Intramural/Recreational Sports will not carry over.
University allocated money may be utilized for all club expenses excluding personal equipment and memberships. Club raised funds may be used for all expenditures except the paying of coaches.
The identity of all funds will be retained and individual bookkeeping accounts will be maintained for each club in the Intramural/Recreational Sports Office. Each club is urged to keep a set of financial records for their own use.
