ETHICAL DECISION #1

 

You are the treasurer of a student organization, the MTSU Dodge Ball Club. The club has just sponsored a garage sale to raise funds for the national tournament in Colorado. The group has planned the entire year to assure the success of this sale wi th virtually all of the club's annual income derived from this one event. 

The written financial policy of the organization states that all cash funds collected must be deposited in the club's bank account within 24 hours of receipt to guarantee security and enhance interest earnings. 

The sale has been completed and the cash from the sale totals $3,450.00. It is Saturday about dinnertime and you take the cash back to your room in the residence hall with intention to deposit it in the weekend deposit slot at the local bank. 

About 9:00 p.m. your roommate has a phone call and learns that his significant other has been injured in an auto crash and has been hospitalized in St. Louis. He checks and finds that the plane fare to Missouri is $590.00 for a round trip ticket. He ha s only $10.00 in his checking account. The roommate tries to borrow the money for the ticket from several friends with no luck. He then asks you for an unofficial loan from the garage sale cash you are holding in your desk. He promises to pay it back as s oon as possible. You know that you are the only one that knows the amount of cash you are holding since the other officers left the sale before the income was counted. You could loan him the money and no one would know. Later when he pays you back you cou ld deposit the funds in the account.

 

What would you do?