Guardianship: Difference between revisions
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{{PolicyIcon|Guardianship Policy}} | |||
'''''Guardianship''''' occurs when your [[liability account]] falls below 0$. This occurs when your net balance in your [[internal account]] at the end of the fiscal year was greater than the money you had available in your [[liability account]] ("your safe"). In short, you withdrew more money than your group had, and are now indebted to the EUS. <br> | |||
If you are placed under Guardianship, your organisation’s [[Financial Officer]] must come up with a plan to get out of your deficit. All [[budget]]s must be reviewed by the EUS [[Finance Director]] and be approved by the EUS [[VP Finance]]. Any expense | |||
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