The California State University system and campus policy require all monies collected in the name of Registered Student Organization (RSO) be maintained in an ASI Agency Fund Account (AFA). Cal Poly Pomona does not allow student organizations to maintain off-campus bank accounts, which includes electronic fund transfer applications like Venmo, PayPal, and Zelle.

Exceptions to the on- campus banking requirement and other funds administration rules may be granted by the University Chief Financial Officer (CFO) on a case-by-case basis. At no time shall a student organization deposit funds into an unauthorized bank account.

ASI Financial Services serves as the corporate accounting office for ASI and CPP Registered Student Organizations (RSOs). ASI Financial Services is where most of your organization’s financial activity will take place. Financial Services is responsible for handling cash deposits, processing disbursement checks and purchase orders, preparing financial reports, and assisting with other financial transactions. Financial Services is also available to provide financial advice and assistance to all its account holders.

There are four separate funds that are handled by ASI Financial Services. All clubs and organizations will fit into one of these specific funds. The funds are Agency (club accounts), Associated Students Incorporated (ASI, student body fee), Instructionally Related Activities (IRA), and ASI Facilities & Operations (F&O, student union fee).