Finance and Business Committee

INTRODUCTION

AS Finance and Business is an Administrative Committee under the Office of the Internal Vice President.  ASFB serves students by facilitating the allocation of student fees.  ASFB strives to streamline the budgetary process and make it possible for campus organizations to host programs, events, and other student activities. They are actively looking for ways to improve and grow and are always open to feedback.

The AS Finance and Business Committee is composed of one Chair, one Vice Chair, the Chief Financial Officer, Finance Officers, and Senators.  The student leaders who sit on the Finance and Business Committee deliberate carefully and decide whether to approve, modify, or deny funding to student groups for their various activites.

To be eligible to receive AS Funding, groups must have attended a Finance and Business authorized signers workshop, completed an authorized signers Form, submit a budget proposal, and attend an Finance and Business Committee meeting.

CRITERIA FOR CONSIDERATION FOR A.S. FUNDING

Diversity: Does the group advance the accessibility of the University to historically under represented communities?
Goals and Objectives: The extent the organization has attained its goals and objectives.
Campus Service: The degree the organization reflects students’ needs and interests.
Community Service: The degree of community service, response of the community, and success level of the program.
Uniqueness: The uniqueness of the event with respect to organizations with similar goals.
Members: The number of active participants and membership growth rate.
Income/Alternate Funding: The ability and willingness of the organization to raise alternate funding.
Cooperation: The cooperation and support the organization gives to Associated Students, and the willingness to follow the A.S. Funding Guide, A.S. Legal Code.
Current Funding from A.S.: Consideration is given to currently funded organizations

WHAT STUDENT FUNDED THIS YEAR

Check it out week by week!

Fall Quarter

Week 1:

Week 2:

Week 3:

Week 4:

Week 5:

Week 6:

SPRING QUARTER

The arrival of COVID 19 and subsequent leaving of students with the attendant cancellation of events and other initiatives funded by A.S. required considerable recalibration. The Finance & Business Committee worked with groups to make sure they were able to manage this transition. The year ended with considerable uncertainty, but the committee, supported by career staff, stood ready to make adjustments as needed.

They posted this update on their web and Facebook sites at the beginning of spring quarter:

Hello!
I hope everyone is well and healthy during these difficult times.
In response to the COVID-19 pandemic, the Finance and Business Committee will not be meeting for the remainder of the school year. As an alternative to in-person meetings and office hours, the following two forms were created:
If you were funded for a Spring Quarter event, please fill out this form: https://asfb.as.ucsb.edu/spring-response-form/
This form will let Associated Students know if you cancelled or postponed your event. You can also request for a reimbursement for said event or have the funds be rolled over to the next fiscal year which starts on July 1, 2020.
If you are requesting funds for the remainder of the year, please fill out this form:
If you are asking for a reallocation of previously approved funds (from events prior to Spring Quarter), use this form.
As of right now, the online requisition form is still in progress. As soon as that is available, it will be posted on this page, Finance and Business’ website, and Associated Students’ homepage.
If you have any questions or concerns, please email Finance and Business Chair Racquel Almario at ralmario@as.ucsb.edu.

 

 

 

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