3726.12  ASSOCIATED STUDENT BODY TRUST, NO. 948/461

References:  Education Code, Sections 89300--89302, 89304, 89721, and 89722; 
Title 5, Sections 42400--42403 and 42659.

The Associated Student Body Trust was created to fulfill Education Code 
89301 requirement that "all unexpended funds and money collected on behalf 
of...student body organizations be deposited in trust by the chief fiscal officer 
of the campus."  The purpose of the Trust is to facilitate the accounting and 
reporting of Associated Student Body fees collected as part of the student 
registration process and to provide a vehicle for investing excess funds 
through the State Surplus Money Investment Fund.

 1.	Trust Projects

	See General Guidelines, SUAM Paragraph 3710.01.

 2.	Trust Agreements

	See General Guidelines, SUAM Paragraph 3710.02.

 3.	Working Capital

	See General Guidelines, SUAM Paragraph 3710.03.

 4.	Budgets

	A budget approved by the campus President is required for all 
	Associated Student Body Funds.

 5.	General Accounting

	See General Guidelines, SUAM Paragraph 3710.05 et seq.

 6.	Receipts

	See General Guidelines, SUAM Paragraph 3710.06.

 7.	Disbursements

	Trust funds may be expended by the custodian (chief fiscal officer) only 
	upon submission of an appropriate claim schedule (or voucher-like 
	document) by an officer(s) of the Student Body Association.

 8.	Purchasing

	Not applicable.

 9.	Personnel/Payroll

	Not applicable.

10.	Investments

	See General Guidelines, SUAM Paragraph 3710.10.

11.	Insurance

	Not applicable.

12.	Reimbursement to General Fund

	Not applicable.