Business OfficeFrequently Asked Questions
What services does the Student Activities Business Office (SABO) provide?
How do I open up an account with SABO? Student organizations that choose to have an account with SABO's Student Organizations Fund must complete and submit contracts and a signature sheet to SABO once a year. The contract and signature sheet are effective from the date they are received by the office and expire on June 30th each year. The organization must be a registered student organization with the Student Activities Involvement Office (SU room 302). Any questions about registering your organization, please call (860) 486-6588. A constitution and an up-to-date student organization officer registration card must be on file in the Involvement Office. What are the CFO's responsibilities? All student organizations need to elect or appoint a Chief Financial Officer (CFO) to manage their financial matters. An organization that has a large membership, many fundraiser's, events or programs should consider having co-financial officers or an assistant financial officer to share the financial responsibilities. The financial officer should keep the officers and members informed about the organization's financial activities. They will be more likely to work to achieve the financial goals if they understand the financial responsibilities. The financial officer is usually responsible for:
Where can I get forms? You can go to the Forms Page for most of SABO forms except for the Check Request. You will need to stop in the office (SU 314) to pick them up. How do I contact SABO? To speak with someone directly about financial questions call (860) 486-3163, email dsabusinessoffice@uconn.edu, or stop in the Student Union, room 314. What are SABO's hours? The Office is open 8:30 am to 4:00 pm, Monday – Friday. What kind of training is available for CFO's? "Sound Financial Management" Sessions are held frequently throughout the semester. All Tier II CFO’s are required to attend one session. All officers are invited to participate. See SOLID Training Opportunities website. How do I request a check? You need to fill out a Check Request. They are available in SABO. See the Transactions Page page for information on filling out this form. How do I make a deposit? You need to fill out a Deposit Slip. They are available in SABO and in your financial workbook. See the Transactions Page for information on filling out this form. How can I add or change signatories? You need to fill out a Change of Signature Authorization Form and a Signature Sheet. When will I get my check? With a properly filled out Check Request, you can get your check cut while you wait. How long is the hold on depositing checks? There is no hold on checks deposited into your organization's account provided that you have the necessary funds available. Can anyone from my organization deposit money? Yes, anyone can deposit money into your organization's account as long as the Deposit Slip is filled out properly. How do I find out my organization's account balance and activity? The CFO can contact SABO to get a copy of your organization's activity report which includes all transactions made in the account. Who do I talk to if there is a problem with my organization's account? You can talk to any one of the four (4) Financial Services Advisors in SABO. Please call to make an appointment prior to coming to the office at (860) 486-3163. Do we have a Tax ID Number? No student organization is permitted to use the University's tax identification number. If your organization is receiving tax-deductible donations from individuals or businesses, you can do one of two things:
What event services does SABO offer? Please refer to the Event/Activity Support page. Are we covered under the University's insurance? The activities of students and student organizations are not insured in any way by the University of Connecticut. Individuals and organizations wishing to insure the activities of their members can purchase insurance independent of the University by contacting any insurance agency. Where can I get funding? You can apply for funding from the Undergraduate Student Government (USG) located in the Student Union, room 219. |
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