The Student Organization Business Office (SOBO) provides financial assistance to all registered student organizations, the Undergraduate Student Government (USG), and the Graduate and Professional Student Government (GPSG) commissions and committees.
The Student Organization Business Office is located in IMU Room 157. Appointments can be requested by contacting email@example.com for student organization deposits and credit card (p-card) checkouts. All other business should be conducted through email and/or virtual conference meetings.
(Events must be approved in Engage PRIOR to spending money on the associated event)
Credit card checkouts are available on an appointment-only basis. Email firstname.lastname@example.org with an attached credit card request form to schedule an appointment with a staff member at least 1 business day before your desired appointment day. Please ensure your Outlook calendar is up to date. Reimbursement, credit card request, and more forms can be found on our SOBO Forms page. Email approval from an account signer in place of a signature is sufficient. We are not using paper forms until further notice (except for deposit forms).
Members have the option spend personal funds and seek reimbursement from the student organization, allowing for student organization business to be completed without any required trips to the IMU. Keep in mind University Purchasing rules still apply (i.e. printing/copying, personal supplies, hazardous materials, etc.). Find out more by reviewing Policies Affecting Student Organizations.
Please contact us for advice before service agreements/purchases, purchases over $5000, or any unique purchase request.
Of special note: the University is currently prohibiting any items that qualify as Personal Protective Equipment (PPE) from being purchased with a P-card or paid as a reimbursement. These items are required to be purchased through the University Purchasing department, which has centralized procurement and distribution across campus. If you need any of these items, you should e-mail SOBO (email@example.com) to arrange an order. The list of restricted items is as follows:
- Masks -- N95, N95 NOISH, KN95, Surgical or isolation masks, etc.
- Gloves – Latex, Nitrile, Disposable, etc.
- Face Shields
- Disinfectant wipes for cleaning – i.e. Virex 256, bleach, Clorox wipes, etc.
- Hand Sanitizer
(Events must be approved in Engage PRIOR to collecting money for the associated event)
Electronic Money Collection
We are encouraging student organizations to collect money by electronic means. There is a new web-based University contracted vendor (CashNet) that can be used to collect money for student organizations. A webpage can be set up for any student organization to collect donations, dues, registrations, and/or sell merchandise. The transaction fees are 3% of transaction revenue, with no setup fee. The revenue collected will be deposited to each student organization account within 3-5 business days of each transaction, and the fees will be deducted monthly.
To get started, contact firstname.lastname@example.org and provide the following information: What you would like to sell (with a brief description of each item), for how much each, and what customer information you would like to collect for each sale (first name, last name, email address, phone, etc.). If you are collecting money for an event, the event name, date, time, location, etc. You can have multiple items for purchase (specify the name of each item, a brief description, and the price of each). If you are collecting dues, specify semester or annual dues (or you could offer members the ability to purchase either with a discounted price for annual). Finally, after the form is created you will be provided a link to share and instructions on how you can get sales/customer reports.
Statement on collecting money by Venmo, PayPal, and other vendors:
Third party electronic money collection services such as Venmo, PayPal, etc. are not authorized to be set up or advertised using the name or email address of a student organization or the University of Iowa and cannot be linked to a University account. Individuals using 3rd party electronic money collection services for personal use should proceed at their own risk and be aware of the possibility of theft or loss, and the potential for tax liability for the individual collecting the money.
Contact email@example.com to schedule an appointment to deposit cash and/or checks made out to the student organization. Please ensure your Outlook calendar is up to date and describe your planned deposit. It is recommended that you count the cash and endorse the back of each check with your student organization’s name and “for deposit only” before your appointment.
Check by Mail: (checks only; do not mail cash):
Checks made payable to your student organization can be mailed to:
Student Organization Business Office
attn: [insert student organization name here]
157 Iowa Memorial Union
Iowa City, IA 52242
We will continue to provide updates as recommended health guidelines and office procedures change. Please e-mail firstname.lastname@example.org with all questions and requests.
- The main interface through which all financial paperwork for organizations must be approved
- Continual assistance to organizations in the interpretation of university financial policies and regulations
- Assistance in the financial planning of programs and events
- Monthly University and Year-To-Date reports
- A financial learning resource for student org treasurers
In-person: 157 IMU, appointment recommended