FINANCIAL TRAINING 2024 QUESTIONS & ANSWERS
How many times can an individual student receive a CRT allocation of up to a maximum
of $400.00? - Answers -Once per fiscal year
Regardless of the reversion date, once the end of the fiscal year occurs what happens
to any unused funds? - Answers -The allocation/funds are reverted and cannot be spent
After your Senate Bill has passed through all three (3) readings in Senate, what is the
next step in the process? - Answers -It needs the signatures of the Student Body
President and the Vice President of Student Development and Enrollment Services
(SDES)
After submitting a CRT and/or FAO allocation, my next step is to - Answers -Attend a
CRT/FAO Committee meeting
The Underwater Basket Weaving Club has a speaker attending UCF, who will receive a
$950.00 payment, and this event is coming up in four (4) weeks, what is the preferred
method to receive A&SF funds? - Answers -FAO Allocation
How many authorized officers must successfully complete Financial Training before
expending any A&SF funds? - Answers -2
Where should you submit all Purchase Request Forms (PRFs)? - Answers -Activity &
Service Fee (A&SF) Business Office (SU 215)
A Purchase Request Form (PRF) is not required if the A&SF Business office has
received your Promotional Material Approval form approved by the Operations Review
Committee (ORC). - Answers -False
Who is able to sign contracts to obligate the university? - Answers -None of the above
If an event will be held in the Student Union or any of the facilities that are managed by
Student Union and food will be catered, a Student Union approved supplier must be
used. - Answers -True
After purchases are delivered to the A&SF Business Office, the Accounting Specialists
will contact - Answers -PRF Initiator
Prior to promotional items being purchased, they must be approved by - Answers -The
Financial Allocations for Organizations (FAO) Committee
What is the latest you are able to submit your completed paperwork to the A&SF
Business Office for processing? - Answers -At least ten (10) business days prior to the
event
How many times can an individual student receive a CRT allocation of up to a maximum
of $400.00? - Answers -Once per fiscal year
Regardless of the reversion date, once the end of the fiscal year occurs what happens
to any unused funds? - Answers -The allocation/funds are reverted and cannot be spent
After your Senate Bill has passed through all three (3) readings in Senate, what is the
next step in the process? - Answers -It needs the signatures of the Student Body
President and the Vice President of Student Development and Enrollment Services
(SDES)
After submitting a CRT and/or FAO allocation, my next step is to - Answers -Attend a
CRT/FAO Committee meeting
The Underwater Basket Weaving Club has a speaker attending UCF, who will receive a
$950.00 payment, and this event is coming up in four (4) weeks, what is the preferred
method to receive A&SF funds? - Answers -FAO Allocation
How many authorized officers must successfully complete Financial Training before
expending any A&SF funds? - Answers -2
Where should you submit all Purchase Request Forms (PRFs)? - Answers -Activity &
Service Fee (A&SF) Business Office (SU 215)
A Purchase Request Form (PRF) is not required if the A&SF Business office has
received your Promotional Material Approval form approved by the Operations Review
Committee (ORC). - Answers -False
Who is able to sign contracts to obligate the university? - Answers -None of the above
If an event will be held in the Student Union or any of the facilities that are managed by
Student Union and food will be catered, a Student Union approved supplier must be
used. - Answers -True
After purchases are delivered to the A&SF Business Office, the Accounting Specialists
will contact - Answers -PRF Initiator
Prior to promotional items being purchased, they must be approved by - Answers -The
Financial Allocations for Organizations (FAO) Committee
What is the latest you are able to submit your completed paperwork to the A&SF
Business Office for processing? - Answers -At least ten (10) business days prior to the
event
