What is SBAC?
The Student Budget Advisory Committee is a student government committee that acts separately from the legislature and is responsible for allocating funds to all chartered student organizations and monitoring the way those funds are spent.
Committee members are not required to attend the General Assemblies. The Student Government Treasurer acts as the Chairman of this committee in which there is one representative per ten student organizations. Committee members are chosen through an application process overseen by the outgoing and incoming Treasurer of Student Government.
The university provides approximately $600,000 each year to cover the annual budgets and operating expenses of all the chartered clubs and student groups on campus. SBAC allocations of funds for the following year are determined in a hearing around February.
Money that is not spent each year does not roll over for student organizations in the next year but is rather absorbed back into the capital funding process that occurs throughout the fiscal year on a rolling basis.
What is SOFO?
The Student Organization Finance Office handles all spending of money for student organizations. For DB cards, reimbursements, or other methods of payment, please go to their website.
What is the difference between SBAC and SOFO?
SBAC is in charge of allocating and approving funds, while SOFO is in charge of spending those funds. If you are in need of reimbursements, invoice payments, or DB cards, these fall under SOFO.