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When an event spans multiple months, the events team will be keeping track of support raising totals. They will share with accounting each month who is receiving a participant allowance and how much (based on how much has been raised.) The event participants must fill out a direct deposit request (a list of direct deposits received will be kept by the events team will insure that all participants have filled out a direct deposit for accounting) in order to receive the participant allowance funds. 

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colorblue
icondownload
titleDirect Deposit Form for Non Reliant Employee
urlhttps://docs.google.com/spreadsheets/d/1gEPp7eWMkJ6gDRQP9G4tG1UI4KqugpnPdPNjnNbbpZE/copy


The participant will receive funds on a normal EFT run (either the 10th, 20th, or last business day of the month.) The monthly deposit date will need to be decided upon ahead of time by the event director (we suggest using the closest EFT normal deposit date that happens right before the start of the event) and the same EFT deposit date will be used for all months for that specific event. 

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The first possible direct deposit will occur prior to the start of the event. The last possible one will occur after the event is over (and that last deposit is only if there was insufficient funds along the way they have one more chance to make up for any deposit shortfall.)


So, here Here is an example of a program whose participant allowance option was $2000 total. Their program was 10.5 weeks long. That means they were eligible for $190/week.

  • They began support raising in February. 
  • Their event begins on May 20th. 
  • We will use whatever funds have been raised as of April 30th to deposit their first participant allowance on May 10th and for this deposit we will give 4 weeks worth of allowance. 
  • We will give another 4 weeks on June 10th. 
  • And the final 2.5 weeks on July 10th. 
  • The last donations for the event can be received up until July 31st and then the fund will close. The event ends on August 2nd.
  • Those that had any deficit for event allowances would be eligible to receive one last deposit to make up for any shortfall on August 10th for whatever gifts were received in July.