Financial Report
This financial report outlines how our non-profit organization spends funds during the calendar year. Based on a cash-basis accounting method, we provide detailed insights into various categories including administrative costs, professional memberships, and travel expenditures. Compliance with IRS reporting requirements (Form 990EZ) is essential for maintaining our not-for-profit status. Recommendations for future spending include enhancing our online publication offerings and establishing maximum spending limits on travel.
Financial Report
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Presentation Transcript
How do we spend our money? • Calendar Year • Cash based • Non Profit Organization (Expires in 2012) • Must report to IRS (form 990ez) to maintain our not-for-profit status
President Past President President Elect TOY Best of FL Conference local committee President discretional Board Meetings ACTFL JNCL ?? SCOLT Up to $500 SCOLT Up to $500 SCOLT Up to $500 Up to $500/year .5 room/board member Current set expenditures
Professional Memberships ACTFL JNCL Amount/Year $ 150 $ 1,500 Current set expenditures cont.
Recommendations • FFLJ On-line publication • FFLAN On-line publication • Email to membership as in the past • Maximum set amounts for all travel • Other suggestions!!!!