Section 2. Contributions. Contributions and/ or donations to the SG shall be accepted by the SC only after determining that the acceptance thereof is not a violation of its principles, not degrading to the integrity and honor of the SC and shall not influence in any manner its policies, programs and projects.

Section 3. Disbursements. Funds shall be disbursed only in accordance with the budget approved by the LC. In extreme cases of urgency and necessity, the EC with the approval of the majority of its members may authorize disbursements not covered by the approved budget, provided that the LC shall be notified by such action within forty-eight (48) hours. The EC shall be held accountable for the said disbursement.

Section 4. Deposits. Funds of the SC shall be deposited in any Accredited Government Depository Banks determined by the SC under the account of UP-NCPAG-SG and shall be withdrawn or disbursed by check or draft signed by the Chairperson and the Administrator for Finance. Sufficient petty cash shall be maintained by the Administrator for Finance to sustain the requirements of daily financial transactions of the SC. The amount shall be determined by the EC.

Section 5. Transparency of accounts of SC shall be open to the GA at the regular hours and days and shall be posted in SC Bulletin Board and in any conspicuous place in the college.

Section 6. Allocation of Funds. An automatic appropriation of ten percent (10%) of the total student fees collected shall be given to the LC every semester.