the basics and beyond. a systematic plan for the expenditure of a usually fixed resource, such as...
TRANSCRIPT
The basics and beyond
District Budgets
Presented by:Anne Marie Logue, CPARobert Hinske, CPA
A systematic plan for the expenditure of a
usually fixed resource, such as
money or time, during a given period
What is a budget?
To determine funds needed to operate the District effectively
To keep spending on trackTo prepare for a successful yearTo maintain fiscal responsibilityTo be accountable to our members
Why Budget?
REVENUE- Calculate all sources of income
Dues from membersConvention/Conference fees from clubsConvention/conference registration feesSponsorship income for AwardsSpecial eventsSale of inventory
How to start
How to start (cont'd)
Officer & Directors ExpensesDP National Convention/Training ExpensesTravel costs
District Operation CostsDistrict BulletinBoard meeting costsConvention/conference costsInsuranceSupplies/Postage
Committee Expenses
Expenses – Calculate all expected costs
You and your District Board!!
Treasurer/Finance Committee prepares from information provided
by the Board and Committees.
BOARD REVIEWS/APPROVES
Who is responsible?
Your District budget is prepared before the start of the fiscal year – July 1st.Committees should provide expected
costsConventions/Conferences for the year
should be reviewedCurrent year actual to budget should be
reviewedBoard approves prior to the beginning
of the fiscal year.
When is budget due?
So I come before you with a budget that is honest in its
discussion of our challenges, creative in its possible
solutions, compassionate in its commitment to our most vulnerable, and balanced on
the bottom line. James H. Douglas
So I come before you with a budget that is honest in its
discussion of our challenges, creative in its possible
solutions, compassionate in its commitment to our most vulnerable, and balanced on
the bottom line. James H. Douglas