Annual Transition Procedures

For every Kellogg club account, the “SOFO” President is the Kellogg Financial Planning and Analysis Department and the “SOFO” treasurer is the Club Treasurer. The Club Treasurer has responsibility for the account. The Kellogg/SOFO Representative reviews and signs all materials submitted to SOFO.

At the beginning of the spring quarter, all accounts must be reconciled before transition to the new Club Treasurer. It is the outgoing treasurer’s responsibility to transition an error free, balanced account to the incoming treasurer. To ensure that reconciled balances are passed on to the incoming treasurer, Kellogg requires that all outgoing treasurers sign a Balance Release Form indicating the balance is correct and error free.

Both the outgoing and incoming treasurer must sign a new signature card which will be placed on file in the SOFO office. The outgoing treasurer must sign the bottom of the card under “Change of Officer Signature”.