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Grant vs. Line-Item

The Finance Board either gives away a lump sum of grant or designates a specific amount of money for each-line item or a mixture of both.

When grant is given, it means that organization may spend the money in any way it wants to amongst the line-items approved by the F-Board.

Example A: Camera Club

	Requested	Allocated
Panasonic Camera C500	$200	$300
Samsung Camera V350	$150
iPhone	$600	$0

In this example, the Camera Club requested total amount of $950, but was allocated a grant of $300 dollars. The club can spend $300 in any way it wants to as long as the allocated amount is spent on Panasonic Camera C500 and/or Samsung Camera V350. However, none of $300 can be spent on iPhone since this request was denied by receiving the fund of $0. In addition, the club cannot spend money on any other items not requested through my.brandeis.edu.

When money is allocated through a line-item basis, none of money for the specific line-item can be spent on other line-items.

Example B: Video Club

	Requested	Allocated
Sony Video Player EX250	$150	$100
Olympus Recorder RE300	$250	$250
Microsoft Video Player R70	$100	$75

Unlike in Example A, the Video Club has been allocated money on a line-item basis. This means that even if the Olympus Recorder RE300 turns out to be $225 due to a special discount, the remaining $25 cannot be spent on other 2 cameras. Should an organization wish to spend the unspent money, it should get the approval from the F-Board.