EPSA FUNDS

Being a nonprofit organization, EPSA derives its income from membership fees, grants, donations, sponsorships and other contributions.

As a result, the Audit Committee and the EPSA Treasurer are in charge of overseeing and keeping track of all the financial transactions

The Annual EPSA Budget, which adjusts with each new mandate in accordance with the predetermined financial year that runs from August 1 through July 31, serves as the foundation and guide for all of EPSA's activities. We can determine many expected expenses and income from this budget, highlighting 2 different types of EPSA funds among them.

Operating

Funds

(Representation

Fund, Team Fund, Visiting Members Fund, LS Fund, Handover Fund) which are specified in the main budget and whose expected expenses differ between mandates. And finally, Reserve Funds, (Merchandise Project Fund, Support Fund, Trainers' Travel Fund) which are separate from the Annual Budget, since they transcend mandates, acting as a sort of holding area for potential future investments.

As such, each fund serves a specific purpose:

Visiting Members Fund

Covers all external representation costs to the EPSA Team Members, encouraging them to go to any official events hosted by an EPSA Member Association and thus bringing EPSA closer to Students.

Representation Fund

This Fund was established to provide financial assistance to EPSA Team Members so they can perform their representational duties at outside events Typically, it pays for the authorized expenses for travel, lodging, and event fees, leading to improved partnerships with partners and stakeholders and better promotion of EPSA's work