| VOLUME: I |
POLICIES RELATED TO ACCOUNTING ADMINISTRATION |
| SUBJECT: |
Student Organization Annual (SOA) Report |
| SOURCE: |
Financial Management Support |
| DATE ISSUED: |
October 1990 |
| POLICY NO.: |
I - 130 |
| RATIONALE: |
To insure that all university funds or funds held in trust by the university are accounted for and are included in the annual financial report of the university. |
| POLICY: |
Each campus is responsible for the analysis of their Student Organization Office financial activity on an annual basis at June 30, and for the subsequent preparation and distribution of a Student Organization Annual financial report. A copy of the report shall be forwarded to the chief accountant, Financial Management Support department, IUB, so that it can be included in the university's annual report. |
| DEFINITIONS: |
The financial report shall include an operating statement that shows beginning balance, income, expenses, change, and ending balance, as well as bank reconcilement statement that ties to the ending balance. |
| PROCEDURE REFERENCE: |
It currently is the responsibility of the bursar on each campus to produce the financial report for the SOA reports. |
| CROSS REFERENCE: |
See the University Financial Report for display of data. |
| RESPONSIBLE ORGANIZATION: |
Financial Management Support |
