The College Council Monetary Policy

Large organization – more than 50 people.

Small organization – less than 50 people.

Only certain events are eligible for funding from College Council.

• Any event has to be open o all emory students, exceptions being retreats and banquets at the discretion of the Office of Organization Budgets.
• If you want to host an exclusive event, you must come to a College Council Meeting and present about it. This is for events that support marginalized communities, serve historically discriminated groups, or have extenuating circumstances.

• Operational caps may be overridden by a 2/3 vote from the Office of Organziation Budgets.
  • They are only subject to amendments within 2 weeks of allocation.
• Supplementary caps may be overridden by a 2/3 vote by the Office of Organziation Budgets on case by case basis.
  • Reasons include: if it was impossible for the club to have budgeted the requested item during the operational budgeting process.
• Travel cap may be overridden if necessary for organization to fulfill its core purpose the discretion of the Office of Organziation Budgets.
• At a meeting of the College Council Legislature, a 2/3 vote of elected legislators present shall be required to amend or override a recommendation of the Office of Organziation Budgets.
• Monetary policy override – status for special funding considerations.
  • More information can be found on the MPO page.

• We will not donate funds to a specific organization, but we will donate to allow students to participate in service projects (only if organization’s mission is to engage in community service).
• Gifts are only allowed here for interactive altruism, defined as gift being interacted with in a way that adds value through labor of participants. Gifts cannot be received by Emory students.
  • Funded at power formula: (funds requested) - .00245*(funds requested)^1.55

• If fundable items are more than $2000:
  • (amount fundable) – (.00245)*(amount fundable)*1.55
• Otherwise funding will be given for 84% of the fundable amount.
• If amount is over 25,171.17, amount allocated is capped at 8931.91.

Special funding allowances are made for events by two College Council chartered organizations.

• Cap for decorations is 500 and cap for off-campus event venue is 3,500.
• If total fundable items are less than 2000, we fund 94% of that amount.
• If greater than 2000, we fund:
  o (Amount fundable) – (.00145)*(amount fundable)^1.55

Funded events must normally be open to all students, and therefore conducted in English. Total Immersion Status is a special charter that allows certain exceptions to this requirement.

Requirements for Total Immersion Status:

• The org holds at least one GBM each semester in English or with English translation.
• The org holds at least one university wide event in English or with English translation.
• Events hosted not in English are open to all Emory students.
• Events hosted not in English must be self-funded.

Funding Guidelines for Total Immersion Status:

• Orgs must report which events are in English, and which are not.
• Funding not distributed for events held in non-English language without translation.
• Events held in non-English language with English translation are at discretion of Office of Organization Budgets and must be essential to the event.
  
  

• No wheel ads, chalk for advertising, table tents, WMRE slides, or other publication advertisements.
• No t-shirts.
• Nothing for prospective or non-emory student unless given explicit permission by the College Council Legislature.
• Nothing for “slush fund” or an item that cannot be documented to the fullest extent of the cost.
• No funds to get self-generated funds.
• No funds to take classes where credits are given towards graduation.
• No personal grooming (so no haircuts, skin treatments, etc.).
• No rental of animals or supplies/equipment for such animals.
• No international transport.
• No taxes.
• No latex balloons.
• No alcohol, tobacco, livestock, weapons, pharmaceutical products, contraband, or illegal items.
  • Alcohol may be funded with express permission from the Office of Student Involvement, Leadership and Transitions in Campus Life.

• A State of Financial Flexibility is automatically declared if College Councils available funds fall below $6000.
  • In this case, additional powers are given to the Office of Organization Budgets.
• The College Council President can also declare it or the College Council legislature can declare it with 2/3 vote. CC legislature can overturn the declaration of the President with 2/3 vote, and it will cease by a vote of the Legislature or new declaration by the President.
• Financial flexibility means that the Office of Organization Budgets can alter the power formula and allocation amounts on a temporary basis. They can also reject supplemental funding bills or change budget timelines.

• The percentage funded for non-essential items is increased from 50% to 75%, as long an event is certified through OSI.
• For every $100 of essential food requested, we give an extra $25.
• Qualifications:
  • Spending limit of $250.
  • You must follow checklist on OSI website.
  • You must submit photographic evidence of sustainable event banner.