Deficits

When you spend more funds than are in your account, the account goes into a deficit.

Verify Your Funding

If you have verified with a Dartmouth funding source that they will fund an event, and a Funding Verification Form has been submitted in OrgSync, then we know the funding will be credited to your account and it is permissible to spend into a deficit up to the amount verified.

Funds promised from a non-Dartmouth source does not permit your group to spend into a deficit. Receipt of funds prior to the event will be required. Information related to the non-Dartmouth funding source should still be submitted on the Funding Verification Form.

If your organization ends the fiscal year in a deficit, this deficit will be carried forward to the new fiscal year and you will need to fundraise to pay it back.