ASUM Fiscal Policy: Sections 10-26

(Updated 6/4/14)


  • 10.1 Upon request, the Business Manager, Office Manager, or Accountant shall provide any member organization with requested financial information.
  • 10.2 As provided by an ASUM organization on their group recognition form, or when changes necessitate, organizations must submit the name, address and phone number of those students authorized to request or distribute funds from organization accounts. Any organization not in compliance with this section shall be notified within five (5) business days by the Business Manager and have its account frozen until these requirements are met.
  • 10.3 The Office Manager or Accountant, under direction of the Business Manager, shall approve expenditures that have obtained prior approval through the budgeting process. The Business Manager and the Board reserve the right to refuse payment of non-budgeted expenditures.
  • 10.4 Any expenditure that will cause a line item or a budget-category deficit shall not be paid or approved until the line-item change procedures are followed. (See Item 12.0)
  • 10.5 Any unexpended amount remaining in the following accounts at fiscal year end shall be retained in their respective accounts:
    • ASUM Administration
    • ASUM Legal Services
    • UM Productions
    • ASUM Childcare
    • ASUM Off-Campus Renter Center
    • ASUM Student Political Action
    • ASUM Sustainability
    • ASUM Student Gardens
  • 10.6 Any unexpended Senate-appropriated amounts below $3,000 remaining in the following accounts at fiscal year end shall be retained in their respective accounts:
    • Sports Union
    • Music Union
  • 10.6.1 Any unexpended Senate-appropriated amounts above the $3,000 carryover limit in the above accounts shall automatically be deposited into the Zero-base Carryover account at the end of each fiscal year.
  • 10.6.2 Any of the above accounts on appeal may, by 2/3 vote with permission of the Board on Budget and Finance and Senate approval, retain Senate-appropriated monies above the $3,000 limit.
  • 10.7 The organizations listed below, which are funded in part or whole by the ASUM Activity Fee, may meet with the Board once each  semester should either the Board or the organization request such a meeting. The purpose of these meetings shall be to update the Board on budgeted activities. These meetings may be attended by the Accountant and/or Office Manager in order to help clarify any budget problems. The Business Manager shall then report the Board's findings and recommendations to the Senate.
    (Organization - Income Source)
    • Child Care - Parent User Fees
    • Montana Kaimin - Student Kaimin Fee, Advertisements, Subscriptions
    • Legal Services - Legal Services Trust
    • UM Productions - Ticket Sales, Performing Arts, Concessions
    • Student Radio Organization. - Student Radio Fee
    • ASUM Office of Transportation - Transportation Fee
    • ASUM office of Off-Campus Housing and Neighborhood Outreach - ASUM Activity Fee

The only exception shall be the ASUM Administration, which may be reviewed on a monthly basis.

  • 10.8 In the event that a student group or agency runs a negative balance, said entity must pay off their balance by the end of the next fiscal year or appeal to the Board. The Board, by simple majority, has the option to recommend a payment plan to the Senate. Said payment plan must be approved by a 2/3 vote of the Senate.  Said payment plan could have the effect of closing down the entire organization.
  • 10.8.1 ASUM may charge a yearly interest rate that shall not exceed the Wall Street Journal Index + 3%.
  • 10.8.2 If agreed to by both parties, said payment may be reduced with services that have a monetary value.
  • 10.9 Any organization that does not seek recognition for four (4) consecutive years shall have any remaining funds reverted to the Zero-Based Carryover Account.


  • 11.1 At the beginning of each fiscal year, $14,000 shall be deposited in the Special Allocation account. No more than $18,000 shall be deposited without 4/5th vote of the Senate. The Board on Budget and Finance shall not allocate more than 45% of this money during fall semester, with the remaining funds to be available for allocation during spring semester.
  • 11.2 Requests for a special allocation shall be submitted on a form supplied by the Business Manager, including an account of all itemized expenditures made during the reporting period and a statement of all funds received as income or held as assets to supplement ASUM funds for the organization's activities.
  • 11.3 The Special Allocation Fund shall not be supplemented by the General Fund for emergency conditions.
  • 11.4 Events previously funded through annual budgeting or previous special allocations are not eligible for future special allocations funding.
  • 11.5 At the end of each fiscal year any balance remaining in the Special Allocation account shall be returned to the ASUM Zero-Base account.


  • Any deviation in line items from the original budget shall be treated as a line-item change. Line item changes outside of categories will be limited to 10% of any organization's budget allocation; any amount greater than 10% requires a 2/3 vote of the Board for approval.  If a request is denied, entails a change of intent, or if the Business Manager feels the request warrants the Board's action, the request will be brought before the Board. The Board's decision may be overturned by a two-thirds majority vote of the Senate.


  • 13.1 Once each calendar year, the Accountant shall determine the amount which would be owed if all ASUM classified employees terminated employment. At this time the Senate Emergency Contingency Fund should be funded to 80% of the amount necessary to cover the departure of these aforementioned employees.
  • 13.2 Increases in this fund shall be determined by the Board and submitted to the Senate for approval by a two-thirds majority vote

14.0 TRAVEL.

  • 14.1 All travel funded by the ASUM must directly benefit the ASUM and the organization requesting funding.
  • 14.1.1 At the beginning of each fiscal year, $20,000 shall be deposited in the Travel Allocation Account.
  • 14.1.2 Standard criteria for requesting travel funding shall be group events and/or training or leadership events that directly benefit the organization.
  • 14.2 The Senate may choose to fund or partially fund transportation costs, and/or registration fees. Travel and lodging reimbursement rates shall be allocated, or partially allocated, according to State or ASUM rates. Funding for food costs is prohibited by this section.
  • 14.2.1 At the end of the Final Budgeting Session a set amount of money will be deposited into a Special Allocation - Travel account to be used for travel only. The Board on Budget and Finance shall not allocate more than 50% of this money during Fall semester, with the remaining 50% to be allocated during Spring semester.
  • 14.2.2 Only those groups in the Academic/Honors Organizations, Student Service Organizations, Student Support Organizations, Interest Organizations, and Student Programs categories are eligible for funds from the Special Allocation - Travel account, the exception being the Emergency Union Account.
  • 14.2.3 ASUM Agencies, the Sports Organization Union, and the Music Organization Union will be funded travel accordingly during the budgeting process, with emergency funds for the Sports and Music Unions being awarded according to policy 14.9
  • 14.3 ASUM rates are:
    • Private Vehicle $.15/mile and Hybrid Vehicle $.20/mile
    • Lodging (4 persons per room) $400.00 max. ($20.00/person)(up to 5 nights)
    • A "waiver of additional reimbursement" shall be required for travel not covered under State policy.
  • 14.4 The Office Manager or Accountant, under direction of the Business Manager, may approve budgeted travel expenditures.
  • 14.5 Travel requests must be submitted to the Business Manager by the Friday of the third week of Fall semester and by the Friday of the third week of Spring semester. Requests must be submitted in the semester in which the travel occurs. If a request is placed before the Group Recognition Form deadline, the Group Recognition Form must be submitted in advance of the request.
  • 14.5.1 The Board shall review all requests during the fourth week of Fall semester and third week of Spring semester. Recommendations will be made to be approved by the Senate.
  • 14.5.2 A reserve of no less than 8% of each semester's total travel allocation shall be maintained for unforeseen or emergency travel occurring after travel lobbying for the current semester.
  • These funds shall only available upon a 2/3 approval of the Board.
  • Any excess funds remaining in the reserve after Fall semester shall be rolled over into the total travel fund for Spring semester.
  • 14.6 As with other benefits provided by the ASUM, travel participation approved and obtained through the ASUM shall be limited to activity fee paying members of the ASUM. Representatives of the ASUM organizations as stated on the registration form must verify the status of each applicant described in the travel request documents filed with the ASUM.
  • 14.7 At the end of each Fiscal Year, 75% of the funds left over in the Travel Allocation Account shall roll over into the initial Travel Allocation Account balance for the following fiscal year. The remaining 25% shall roll over into the Union Emergency Account. The Union Emergency Account shall not exceed $6,000.  Should this limit be reached, any excess funds shall roll over into or remain in the initial Travel Allocation Account for the following year.  Any funds, up to $6,000, remaining in the Union Emergency Account at the end of the fiscal year shall remain in that account for the following year.
  • 14.8 Funds in the Union Emergency Account are to be used for unforeseen travel by Sports and Music Union groups. These funds should be allocated on the basis of exceptional events of a prestigious nature, such as national and international events. These funds shall only be available upon a 4/5 approval of the Board. 


  • 15.1 Expenses for official entertainment, community relations, or public relations may be reimbursed by the ASUM only when such activities are directly related to ASUM objectives.
  • 15.2 Any entertainment by a group using ASUM funds must be budgeted by the Senate or approved by line-item change procedures
  • 15.3 The ASUM will not provide funds for alcoholic beverages.
  • 15.4 If the entertainment benefits persons from outside the University, the ASUM will pay for its guests and one official host from the ASUM (receptions excluded).
  • 15.5 When the ASUM hosts official guests or prospective appointees for positions requiring specialized training or experience of a professional, technical, or administrative nature, the ASUM will reimburse the cost of meals or light refreshments.


  • 16.1 ASUM may purchase equipment for ASUM Administration, all of its agencies, and student groups. Such equipment will be kept in the ASUM Office under the safe-keeping of the Office Manager;
  • 16.2 The Business Manager shall establish a process by which the Office Manager shall check out equipment to individuals and groups requesting it.
  • 16.3 The Business Manager shall be responsible for keeping an inventory of the community equipment.
  • 16.4 The ASUM may request yearly inventory updates on all equipment purchases and supplies (other than general office supplies) from its organizations.
  • 16.5 Alll sporting equipment purchased with ASUM funds must be checked in and out through Campus Recreation.


  • 17.1 Generated funds from recognized ASUM Agencies and student groups must be deposited with the ASUM. That organization may use its discretion as to how they would like this money budgeted, and these funds shall be allowed as carryover at the end of the fiscal year.
  • 17.1.1 The one exception to this will be the Kless Revolving Energy Loan Fund (KRELF) revenue collected from the student Sustainability Fee. Funds from KRELF are allocated from 87.5% of the Sustainability Fee. This money will remain in its own account administered by the Office of the Vice President of Administration and Finance, and will not be deposited with ASUM. The KRELF Committee will have complete oversight over the allocations of this money with support from the Office of the Vice President of Administration and Finance. Neither the ASUM Business Manager nor the Board on Budget and Finance shall have any oversight over the allocation of KRELF Funds.
  • 17.2 Any grant secured on behalf of any member organization must be reported to the Business Manager.


  • 18.1 All external accounts must be reported prior to budgeting as provided on the Budget Request form. If external accounts exist and notification does not occur, the organization's ASUM account may be frozen.

  • 18.2 The Board may request information on any outside accounts held by organizations when requesting ASUM funds.
  • 18.3 Any member organization is subject to The University of Montana's Policy regarding Off-Campus accounts, unless otherwise required or authorized by law, or unless explicitly authorized in a written agreement between the organization and The University of Montana. Upon violation of this policy, member organizations shall receive sanctions ranging from a warning from the ASUM Business Manager to disciplinary action as stated in Item 21.0 of the Fiscal Policy. Furthermore, the Board may also recommend to the Senate withholding of certain privileges, including but not limited to ASUM recognition and benefits accompanying recognition.

19.0 ASUM Loan Fund.

  • 19.1 The Business Manager and the Office Manager shall administer the loan fund.
  • 19.2 The Business Manager and the Office Manager shall be empowered with the authority to grant or decline loan applications.
  • 19.3 The Business Manager, the Office Manager, and the Board shall be bound by confidentiality.
  • 19.4 The Loan Administrators shall obtain consent of the Board if there is reason to bypass any stipulations of the loan fund, if they are unable to render a fair and impartial decision, or if there is a vacancy in either position.
  • 19.5 If for any reason the applicant is not satisfied with the decision rendered by the Loan Administrators, he/she may appeal to the Business Manager, who may reverse the decision.
  • 19.6 All loan funds under the control of the College of Technology Student Government prior to the merger shall be designated for use by College of Technology students, but under the administration of ASUM.
  • 19.7 Eligibility.
  • 19.7.1 A student must have paid the ASUM Activity Fee in the semester the loan is requested.
  • 19.7.2. An applicant must have a cumulative Grade Point Average of at least 2.0 and must not be on academic probation.
  • 19.7.3 The applicant must be presently enrolled in at least his/her second consecutive semester as an activity fee-paying student in The University and must not be in the final semester. (School must be in session and loan applicant must be enrolled and attending classes at the time the loan is issued).
  • 19.7.4 Final approval of short term loans given at the Student Loan Office at Business Services.
  • 19.7.6 The applicant must complete the loan application that can be found online at the ASUM Website.
  • 19.8 Regular loans (exceeding $50).
    • Each loan shall not exceed $500. The interest rate on the unpaid balance shall be seven percent per annum upon receipt of the loan until maturity and twelve percent per annum after maturity.
    • The loan will fall due in ninety (90) days or less depending on the due date set by the Loan Administrators. All loans must be paid prior to registration for a student's final semester at the University.
    • The total of all funds borrowed from the ASUM by one person during the course of a fiscal year shall not exceed $1,000.
    • College of Technology students will be eligible for the short term loan fund in the first academic semester they pay the ASUM Activity Fee and the last semester. All other rules and restrictions outlined in the loan fund policy will apply equally.
  • 19.8.1 Childcare Loans
    • Each loan shall not exceed $325 per semester/per child. The interest rate on the unpaid balance shall be seven percent per annum upon receipt of the loan until maturity and twelve percent per annum after maturity.
    • The loan will fall due upon the student's receipt of financial aid for the current semester. All loans must be paid prior to the student's enrollment in the following semester at the University. Loan balances must be paid prior to the registration for a student's final semester at the University.
    • Student with Childcare loans will be privileged to any other ASUM short-term loans. Students choosing to take Childcare and short-term loans will be subject to all regulations associated with regular ASUM loans.
    • Only students awaiting financial aid will be eligible for a Childcare loan and the privileges associated therein.
  • 19.9 Emergency loans ($50 and under).
    • There shall be a $50 limit per loan, and these loans shall not exceed one (1) calendar month. No interest shall be charged until maturity.
    • The interest rate on the unpaid balance shall be twelve (12) percent per annum, charged from maturity date until paid.
  • 19.10 Overdue loans:
    • If a loan becomes past due, the University shall make every effort to collect the loan including turning over to collection services.
    • Business Services and Registrar shall be requested to withhold the registration and transcripts of an individual who has not repaid a past due loan.


  • 20.1 Funding for one-time capital projects shall be funded from the amount of interest in the State Term Investments Pool. The improvement must be on campus, must benefit students, must have long-term benefits, and must last for a duration of at least one year..
  • 20.2 Classified Staff Development shall be funded through S.T.I.P. interest. Classified staff development may include, but is not limited to, enhancement courses through the University or community, in-state and out-of-state conferences and consultations.
  • 20.3 Travel for ASUM Administration and Agencies shall be funded through S.T.I.P. interest.
  • 20.4 The lobbyist salary and legislative expenses shall be funded through S.T.I.P. interest.
  • 20.5 New agencies not in existence at the time of budgeting shall be funded through S.T.I.P. interest.
  • 20.6 General operating budgets for student groups that did not participate in the budgeting process the prior year shall be funded through S.T.I.P. interest.
  • 20.7 The Board shall recommend specific requests and submit them to the Senate for majority approval.
  • 20.8 At the end of the fiscal year, the remaining funds shall roll over to the next fiscal year.
  • 20.9 Requests must contain three price quotes for the item to be purchased unless three options are not available.
  • 20.10 S.T.I.P. requests must have a value of at least $150.  Items that do not individually exceed $150 may be grouped together until $150 is reached.


If an organization commits an infraction of this Fiscal Policy, that organization shall be notified to appear before the Board to explain their action(s). The Board shall be empowered with the authority to send a letter of reprimand to the organization, freeze the organization's account, or take other appropriate action. The balance of the organization's account may be frozen by the Business Manager until the Board has taken action. This Item shall be included in the Budget Request Form.


22.1 Any purchase made by the ASUM, its member organizations, or Executive officers and agencies may be made with the approval of the Business Manager. In case of a purchase made subject to funds availability and confirmation from the Accountant or Office Manager provided the purchase is consistent with the purchaser's budget and Fiscal Policy.


  • 23.1 At the end of each fiscal year, any unexpended amounts remaining in organizational accounts not specified in line 10.5 will revert to the Zero-Based Carryover Account.
  • 23.2 During Final Budgeting, the Senate may transfer money from the Zero-Based Carryover account to the General Fund with a 4/5 vote.
  • 23.2.1 The Senate may only transfer funds if the Zero-Based Carryover account exceeds $92,500, and this account cannot be reduced below this base amount.
  • 23.2.2 The maximum amount that can be transferred from the Zero-Based Carryover account to the General Fund during final budgeting is $5,000.
  • 23.3 Any use of Zero-Based Carryover funds must be approved by a 2/3 majority vote of the Board on Budget and Finance and a 2/3 majority vote of Senate.
  • 23.4 Zero Based Carryover funds shall not be used to increase or used in place of  Travel Special allocation funds.
  • 23.5 In case the 8% reserve in the Special Allocations - Travel account is not sufficient to cover an unforeseen or emergency travel request after scheduled lobbying, the Board on Budget and Finance may approve, with a 4/5 majority of members, a new allocation withdrawn from Zero Base Carryover. Approval of such action by the Senate requires a 2/3 majority.


  • 24.1 ASUM, in recognizing the United States Constitution's presumption of a separation between religion and state, will not purchase sacred religious texts or tools used for proselytizing to non-members with ASUM funds, with the exception of general group promotion
  • 24.2 All purchases for promotional ASUM clothing must be approved by the Outreach Committee and subsequently by the ASUM Senate.
  • 24.3 ASUM will also adhere to other restrictions as provided in Section 2.0 and Section 9.1.2.


  • 25.1 At the beginning of each fiscal year, $3,000 shall be deposited in the ASUM Elections Account from the S.T.I.P. Fund. $400 of this fund will be used by the ASUM Elections Committee to promote voter turnout.
  • 25.2 Candidates may choose to be reimbursed for campaigning expenditures to the amount of $10, dependent upon receipts following the General Elections. Expenditures exceeding $10 will be matched 50% by ASUM. Total ASUM contributions shall not exceed $37.50 for Senate candidates, $50 for Business manager candidates and $75 for President/Vice President candidates. All claimed expenditures for reimbursement must have receipts. Expenditures without receipts will not be matched by ASUM.
  • 25.3 Any claimed expense without a receipt will not qualify for the matching reimbursement.
  • 25.4 Any unexpended funds remaining in the ASUM Elections Account at the end of each fiscal year are to be returned to the S.T.I.P. account.

26.0 ASUM Rentals

  • 26.1 ASUM may purchase items, using the S.T.I.P Account, with the intent of renting said items out to agencies and student groups that have been verified by the Board on Member Organizations and recognized by the ASUM Senate as defined in Article IV Section 4 of ASUM Bylaws.
  • 26.2 It is the duty of the ASUM Business Manager and Office Manager to account for and manage all rental items.
  • 26.3 The price, late fees, and time period of rental for a specific item will be determined by the Board on Budget and Finance and approved by Senate at the beginning of each school year.
  • 26.4 Student groups that do not return rented items in the allotted time period are subject to disciplinary actions. Said disciplinary actions may include late fees, freezing of their ASUM account, inability to request further funds, and revoking of student group status. Any disciplinary actions above Board and Senate approved late fees must go through the Board on Budget and Finance, in collaboration with the Board on Members, and receive approval from a two-thirds (2/3) vote of the ASUM Senate.”
  • 26.5 Student groups may appeal assessed late charges with a written request submitted to the Business Manager. Said request must receive approval from a two-thirds (2/3) vote of Board on Budget and Finance.