The SIG Project & Reserve Fund was established by the Board of Directors to assist SIGs that want to undertake worthwhile projects but lack sufficient funds. It also exists as an emergency or loan fund for SIGs that run into financial difficulties. The Fund is administered by the SIG Cabinet Steering Committee. The SIG Cabinet Director regularly reports to the Board of Directors and the SIG Cabinet on each use of the Fund.
Requests for funds from the SIG Project and Reserve Fund may be submitted at any time, but all submissions must follow the approved procedures and guidelines. "General Procedures for Administration of the SIG Project and Reserve Fund" (APPENDIX C) describes types of requests, application procedures, evaluation process, and criteria for project approval, special emergency allocations and administrative reporting.
The SIG Project & Reserve Fund is replenished annually at the start of each fiscal year but never exceeds the Board-mandated ceiling of $10,000 at the end of the fiscal year. At the end of the year, funds above the $10,000 ceiling will be released to the Association for general use.