In an effort to promote and support programming campus-wide for the benefit of residential students, the Resident Affairs Council gladly accepts request for funds from all official Loyola College in clubs, departments and organizations. The following is the procedure for requesting those funds: 1. Request for Funds Form: Once a program is organized (what, when, and where), submit a Request for Funds Form online. Click here to access the online Request for Fund Form. Request for Fund forms must be submitted online by 12pm on the days of budget committee meetings (see dates below). 2. The RAC Budget Committee generally meets every Wednesday to review the requests that have been submitted. There is approximately $750 for funding each semester. 3. Criteria for Approval – The Budget Committee considers a variety of factors when making funding decisions. Priority is always given to Resident Affairs Area Leadership Team sponsored programs.
Other important factors include: The number of people the program will benefit Whether or not RAC is a co-sponsor of the even Previous financial support from RAC for the same residence hall area or club Whether or not other funding options are available for a particular program Whether or not students are being asked to contribute money to the event as well. Whether or not the event conflicts with another Loyola sponsored event or is similar to another Loyola sponsored event.
4. Once the request has been considered, the Treasurer will notify the recipient via e-mail of how much they were approved for as well as where and when the funds can bepicked up. Typically, cash advances are available by the Friday after the sent e-mail. 5. Any change, as well as all receipts, must be returned to the Office of Student Life one week from the day the money was picked up. RAC IS ACCEPTING FUNDS REQUESTS! |
