External Income

I. External Income

This income consists of all funds received from sources other than Student Government. External income must be reported to the Treasurer's Office within fifteen (15) days of receipt. Failure to comply will result in a suspension of A&S fee disbursements.

II. External Income Line Item

A. External income must be deposited at the SG Finance Office into the organization's account under a line item titled "Outside Revenue." Organizations are not allowed to have accounts outside of Student Government.

B. No A&S fees may be deposited into the "Outside Revenue" line item.

C. Organizations should use external income to help sponsor programs that are funded by Student Government. External income may be used for purchases except alcohol. Unencumbered external income will be carried forward into the next fiscal year and is not subject to reversion.

D. Line item transfers of outside revenue may occur as often as desired, as long as the Student Body Treasurer approves them.

E. Transfers of A&S fees to outside revenue accounts or lines are prohibited.

III. Admission Fees

Charging an admission fee to UF students is prohibited by Florida Statute 1009.24, except for Student Government sponsored concerts. Admission fees may be charged to non-UF students. Revenue realized from admission fees charged to non-UF students will first be used to reimburse SG funds expended in support of the event. Once all SG funds have been repaid, any remaining admission fees charged to non-UF students will revert to SG reserves.