1 / 8

Mastering District Budgets: Essentials and Best Practices

Join Anne Marie Logue, CPA, and Robert Hinske, CPA, in this comprehensive guide on district budgeting. Discover the fundamental concepts of budgeting, its importance for effective district operations, fiscal responsibility, and accountability to members. Learn the steps to start your budget, including calculating all sources of revenue and expected costs, and understand the roles of board members in the process. Prepare your district budget effectively before the fiscal year begins on July 1st to ensure a successful, transparent financial future.

ceri
Télécharger la présentation

Mastering District Budgets: Essentials and Best Practices

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. District Budgets The basics and beyond Presented by: Anne Marie Logue, CPA Robert Hinske, CPA

  2. What is a budget? A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period

  3. Why Budget? • To determine funds needed to operate the District effectively • To keep spending on track • To prepare for a successful year • To maintain fiscal responsibility • To be accountable to our members

  4. How to start REVENUE- Calculate all sources of income • Dues from members • Convention/Conference fees from clubs • Convention/conference registration fees • Sponsorship income for Awards • Special events • Sale of inventory

  5. How to start (cont'd) • Officer & Directors Expenses • DP National Convention/Training Expenses • Travel costs • District Operation Costs • District Bulletin • Board meeting costs • Convention/conference costs • Insurance • Supplies/Postage • Committee Expenses Expenses – Calculate all expected costs

  6. Who is responsible? You and your District Board!! Treasurer/Finance Committee prepares from information provided by the Board and Committees. BOARD REVIEWS/APPROVES

  7. When is budget due? • Your District budget is prepared before the start of the fiscal year – July 1st. • Committees should provide expected costs • Conventions/Conferences for the year should be reviewed • Current year actual to budget should be reviewed • Board approves prior to the beginning of the fiscal year.

  8. 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. DouglasSo 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

More Related