Budgeting 101
Presented by the Office of Campus Life
Leadership and Student Organizations
Who Are We?

Ellen Malito, Assistant Director of Campus Life

Leighann Pittsford, Graduate Assistant

Teri Deardorff, Graduate Assistant

Titus Young, Graduate Intern

Tisha Langford, Director of Student Engagement in SGA
Overview
 Requesting
Funds from SGA
 SORF
 Additional
Funding Methods
 Budgeting
Basics
 Tools
& Tips
Requesting Funds From SGA

SORF requests must be made a semester in advance of the planned
event

Events must be for open and free for ALL students of ISU

SORF money cannot be used to support/oppose political bodies,
support belief/promote conversion/oppose any religions, as loans, or
as direct contributions to charities, scholarships, speaker fees for ISU
employees, and pay student members of the organization
Requesting Funds from SGA

To request funds you must be an organization recognized by SGA (and have student
agency account)

Types of funding that can be requested:


Event funding, travel grants, start-up funding, and crisis funding
Event Funding requests will require co-sponsorship with SGA, must occur on or
within 5 blocks of campus, and priority will be given to events that:

Benefit a large/diverse student population

Promote ISU’s values

Contribute to a more vibrant ISU community

Promote collaboration amongst organizations
All requests should include a detailed budget outlining use of funds
 Requests should not be more than $2,000

Detailed Budget Example
Additional Funding Methods

Dues


Clubs are able to ask for dues from members but the process and
amount for collection should be outlined in your organization’s
constitution before requesting dues from members
Fundraising

Organizations are able to fundraise, but materials for fundraising
cannot be purchased with SORF money, i.e. if you are doing a
carwash to raise money for your organization you cannot buy the
soap or sponges with SORF money

Fundraisers cannot be in direct competition with a vendor in the
area
Budgeting Basics

Set a budget for each event and each part of an event



Catering/Food, Decorations, Promotional Items, Vendors, etc.
Make sure the budgets you set are realistic for your event and event
attendance

Do some research

Don’t expect to feed 25 people for $10!
If there are multiple people working on an event, be sure to meet
together regularly to make sure the budget is being followed and to
anticipate any overages that may occur

Sometimes you will go over, but you might be able to compensate
by being under-budget it other areas!
Budgeting Tools & Tips

Use a spreadsheet!

Collaborative options like OneDrive or Google Docs work well for
groups

Comparison shop for your items and vendors

Think about re-use value of items you purchase

If you are planning to use SORF funds, be sure to have a backup idea

You may receive partial funding – you will want a plan to make up
the difference
Collaboration Helps!

Another way to increase your resources is to collaborate with other
groups on campus!

Monthly Roundtables (this month on September 19) hosted by
Campus Life can help you find organizations interested in hosting
similar events

Look for organizations similar to yours and reach out

When requesting SORF funds, events that have impact for a larger
number of students are more likely to get funding

Collaborating with another group may mean you get more students
interested in YOUR organization too!
Questions?

How can Campus Life help your organization?