Keeping Receipts

Posted on January 15, 2018
0 Comments

Copies of valid, itemised store receipts and tax invoices must be retained and produced on request. It's a good idea to scan/photograph your receipts to avoid loss/damage, and to store receipts electronically using a OneDrive or Google Drive account. A valid receipt or tax invoice must contain at minimum: 1. Clearly written "Tax Invoice", "Receipt" or other evidence of payment (e.g: "PAID", attached EFTPOS slip, etc.) 2. Full name of supplier (store/individual/etc.) 3. Date of purchase 4. Description of item/service 5. Amount paid The club may not reimburse a club...

Read More

Permitted use of funding

Posted on October 27, 2017
0 Comments

Permitted With the exceptions outlined in the Restricted and Prohibited sections below, clubs may spend FUSA-provided funding if the expenses are either: 1. In line with the club's aims per its constitution, and; 2. Engage the club's membership and/or Flinders students, and/or; 3. Promotes the club and/or its activities. Restricted The club must obtain prior approval and follow any applicable directions from the Program Coordinator, Clubs & Student Communities for expenses relating...

Read More

Maintaining Financial Records

Posted on October 27, 2017
0 Comments

The club is required to maintain a record of its financial records electronically, and must be able to produce these records upon request. These records must be able to be provided in Excel format if requested by FUSA. These records must include: All income received by...

Read More

Setting up a bank account / changing bank signatories

Posted on October 27, 2017
0 Comments

To apply for Financial Affiliation, clubs must set up a not-for-profit bank account registered in the name of the club. This bank account must require a dual authorisation process for purchases, and the club must maintain at least two current executive members as signatories (i.e; at...

Read More

General Funding

Posted on October 27, 2017
0 Comments

General Funding refers to the ongoing funding available to Financial Affiliates, Collectives, and Academic Associations. Clubs may spend funding in line with the permitted uses of funding. Financial Affiliates are eligible to apply for up to $1000 in annual funding, Collectives may apply for up to...

Read More

Start-Up Grant

Posted on October 27, 2017
0 Comments

The Start-Up Grant is available to assist clubs in getting necessary equipment and resources within their first year of affiliation. Clubs are eligible to receive a $500 Start-Up Grant if they meet the following criteria: The club has applied for affiliation with the Flinders University Student...

Read More

Accessing Club Funding

Posted on October 27, 2017
0 Comments

The club can access its General Funding and Start-Up Grant via the form marked “Access your club funding” on the Manage Your Club page. Please ensure that any funding received, expenses and assets are recorded in the club's financial records. Please note that funding will typically...

Read More

Applying for additional funding (Pool Funding)

Posted on October 27, 2017
0 Comments

Financially affiliated clubs, Collectives and Academic Associations may apply for additional funding for specific projects (known as ‘Pool Funding’). Unlike the Start-Up Grant (if in the first year of affiliation) and General Funding, access to Pool Funding is not guaranteed, and applications are via a...

Read More