The purpose of the Student Union Advisory Board, which shall report to the President of the University through the Dean of Students and the Vice President for Enrollment and Student Services, shall be to exercise control of Student Union fees as prescribed by statute, to recommend Student Union general and specific policies, to guide the Student Union programming officers and committees, and to advise the Student Union operating departments. It shall also be responsible for seeing that the financial operations are consistent with stated purposes of the Student Union. The Student Union Advisory Board shall formulate its own Bylaws, within the University rules and regulations, subject to approval by the President of the University.