In accordance with the VSA Bylaws, the VSA Council manages funds for specific purposes. The amount allocated to each fund is determined during the annual spring budgeting process. Many of these funds are available to organizations, groups, and individual students, pending the approval of an application. The VSA Finance Committee, and ultimately the full VSA Council, vote on whether to approve applications. Such funding has been applied in a vast array of ways: bringing prominent speakers to campus, financing the production of a literary magazine, sending an organization to a conference, and so on.

All VSA fund applications MUST be submitted to the VSA Vice President for Finance at least two weeks (14 days) prior to deadline in question. (The Hosting Fund requires 30 days prior notice.) Note that any event must first be approved by the Vice President for Activities before being considered by the Finance Committee.