Internship Scholarship Program

INTERNSHIP SCHOLARSHIP PROGRAM

The mission of the Scholarship/Fellowship Program is to attract and cultivate the next generation of municipal finance leaders by providing tuition assistance, GFOAT exposure and work experience in government finance.

 

Internship Scholarship Application


Host City Application


PROGRAM:  GFOAT Internship Scholarship Program

  • January 15 – applications due from eligible host government entities
  • January 30– Scholarship/Fellowship Committee members review Host City applications to ensure applicant meets program requirements
  • February 1 – update list of host government entities meeting qualifications
  • February 15 – applications due from eligible students
  • February 28 – Scholarship/Fellowship Committee members review and score student applications; one student will be selected
  • March 1 – student intern chosen; host government entities identified
  • March 15 – student intern selects host government entity for internship program
  • April – student intern and host government entity announced at GFOAT Spring Institute

 PAYMENT OF INTERNSHIP SCHOLARSHIP TO HOST GOVERNMENT:

  • Host government to receive $2,500 from GFOAT once a start date is determined
  • Upon completion of the internship, host government must submit a final accounting of total expenses paid during the internship period including appropriate payroll documentation
  • If the student intern leaves before the end of the internship period, the host government must send the remaining scholarship money back to GFOAT

 STUDENT ELIGIBILITY CRITERIA:

  • Be enrolled as an undergraduate student completing junior year or more at a qualified Texas university by the time the internship scholarship is awarded
  • Be pursuing a major in accounting or related program in preparation for a career in state or local government finance
  • Must have completed Intermediate Accounting I or equivalent at the time of application
  • Have at least a 3.0 GPA
  • Be 18 years of age and able to work legally in the United States
  • Be able to pass a background check (and other hiring criteria of host organization)
  • Complete an application for the Internship Scholarship program by the due date, including a recommendation letter from a person able to attest to student’s interest in state or local government finance

STUDENT ASSESSEMENT CRITERIA:

  • Strong desire to work in government finance
  • Substance of written proposal
  • General academic performance
  • Excellent communication skills
  • Leadership qualities through involvement in school activities or volunteer organizations

STUDENT RESPONSIBILITY FOR INTERNSHIP:

  • Interview with participating host government entities and select entity of choice
  • Fulfill duties assigned by host government in a satisfactory manner
  • Complete the full internship period
  • Prepare a report of the internship experience including an evaluation of the program at the end of the internship period and submit to the GFOAT Scholarship/Fellowship Committee

HOST GOVERNMENT ENTITY CRITERIA:                                                           

  • Have at least one active GFOAT member
  • Be willing to provide a minimum of 300 hours over a 10 to 12 week internship period; between May 1 and August 31
  • Be willing and able to pay selected intern student a minimum of $10 per hour as a part-time employee with no benefits
  • Be willing and able to expose the student intern to a broad range of finance and accounting functions
  • Complete an application to host a GFOAT intern by the due date

HOST GOVERNMENT ENTITY RESPONSIBILITY FOR INTERNSHIP:

  • Provide student intern with valuable work experience across a broad range of finance and accounting functions such as the following:
  • Accounts payable
  • Accounts receivable
  • Budgeting
  • Financial reporting
  • General journal entries
  • Cash receipting
  • General billing
  • Bank reconciliations
  • Provide proper supervision and mentoring of the student intern
  • Commitment from senior management of finance to provide intern with a valuable experience
  • Allow intern to participate in GFOAT related events during internship period
  • Prepare an evaluation of the student intern and the overall program at the end of the internship period and submit to GFOAT Scholarship/Fellowship Committee