- Allocating Funds to Student Organizations: The Finance Board is responsible for managing the portion of SGA’s annual budget that is set aside to support student organizations. Throughout the academic year, student organizations can request funds by completing an Allocation Request Form and submitting it to the Treasurer. The total amount requested each year is far larger than the total amount of funding available. At its weekly meetings, the Finance Board reviews these forms and (for larger requests) meets with officers of the student organizations that submitted them, and considers whether each request meets the following criteria:
- The rules governing Finance Board allocations do not prohibit funding the request (i.e., it was not submitted after the deadline, the funds will not be used to purchase alcohol, the funds will not be donated to charity, etc.); and
- The proposed use of these funds is so worthwhile that the Finance Board is willing to turn down other requests in order to devote these funds to the group’s objective.
The Finance Board takes a vote on each request, approving it, disapproving it, or postponing consideration until a later date. A majority of members must vote in favor of a request in order to approve it. The President may veto allocations approved by the Finance Board, and the Finance Board can override the President’s veto by a 2/3 vote.
- Communicating with Student Organizations: The Finance Board communicates with student organizations about how to submit requests, the rules governing Finance Board allocations, what makes for a good request, and whether requests have been approved, disapproved or postponed.
- Participating in SGA Decision-Making: The Finance Board shares responsibility with the Senate and other SGA officers in connection with decisions about the annual budget and approval of certain appointed officers.
- Participating in SGA Initiatives and Activities: Finance Board members work with members of the other branches of SGA to contribute to positive change on campus. It is especially helpful when Finance Board members identify and develop ways to support student organizations more effectively, such as improvements to the event planning and implementation process.
From the SGA Constitution: "In order to be eligible to seek and hold elected SGA offices, or appointed offices for which a stipend is provided and/or the officer is responsible for supervising other appointed officers, an individual must be a UMBC undergraduate, have at least a cumulative 2.25 GPA, maintain at least a 2.25 semester GPA while in office, and neither be on academic probation nor under disciplinary suspension (whether in effect, imposed for a future time period or held in abeyance). [...] [A]ll Senate and Representatives must adhere to the attendance requirements determined by their respective legislative body and as outlined in each respective body’s procedural rules to maintain eligibility."