Hello, so as Grace pointed out to me--the whole point of having a blog is that we make posts as a form of communication. So in that spirit I will answer a question posted by a commenter on the most recent post: What happens when your group is in debt?
The standard procedure if a club goes into debt is that ABC covers the deficit at the end of the year and records the amount owed by the group. In the following years we reclaim up to 1/3 of that group's total allocation plus revenue to cover the payment.
That being said, we can work with your group on a case-by-case basis to find the ideal way to help you pay off debt while preserving your club's activity and status. If your club is having problems with debt I would really encourage you to contact us so that we can discuss your options and work out the best solution for your group. That's what we're here for, really!
