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Business Practices
Good business practices
are an essential component for every student group. The
advice provided is intended to assist students handling
group finances. Recommendations focus on financial security;
provide practical advice on services and applications
as well as information about policies
and guidelines.
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The Student Activities Finance Office (SAFO) is a valuable
resource as you plan budgets, solicit funding, process payments
and reimbursements, and generally complete your group’s
day-to-day financial business.
Financial Security (includes
Ideal Role for Treasurer)
Managing Cash and Making Payments
Event Planning Rules and Regulations
Financial Polices and Guidelines
If you have questions, please contact a Student Life Programs
Office staff member. We are located on the 5th floor of the
Student Center (W20-549). Our hours of operation are 8:30-5:30,
Monday-Friday. We can be reached at (617) 253-6777 or by email
funds@mit.edu.
Recommendations are intended to assist groups in creating financial
management practices which will provide better control and accountability
for student group funds. It is always best to consult, in advance,
with MIT staff members regarding your questions and concerns.
Stricter Institute and established policies for specific groups
and programs supersede the recommendations outlined in this
website.
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