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CLUB TREASURER SCHOOL

CLUB TREASURER SCHOOL. Based On LCI LA15 (Club officers manual) LCI Invoice LCI Circulars Local authorities’ Requirements. LA15 (EXTRACTS) CLUB FINANCING. ADMINISTRATIVE BUDGET Finances Club operations Income comes MOSTLY from CLUB DUES ACTIVITES BUDGET

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CLUB TREASURER SCHOOL

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  1. CLUB TREASURER SCHOOL Based On • LCI LA15 (Club officers manual) • LCI Invoice • LCI Circulars • Local authorities’ Requirements

  2. LA15 (EXTRACTS) CLUB FINANCING • ADMINISTRATIVE BUDGET Finances Club operations Income comes MOSTLY from CLUB DUES • ACTIVITES BUDGET Finances Club’s Activities & Projects Income from special fundraising projects

  3. LA15 (EXTRACTS) CLUB FINANCING INCOME FROM CLUB’S FUNDRAISING PROJECTS CANNOT BE USED TO DEFRAY CLUB’S ADMIN COSTS.

  4. FINANCIAL RESPONSIBILITIES Treasurer is responsible for making payment for items purchased by the Club, as well as District, MD & LCI Dues. • July 07 LCI Invoice US$19.50 for 6 months per member July 07 to December 07 • Jan 08 LCI Invoice US$19.50 for 6 months per member January 08 to June 08

  5. FINANCIAL RESPONSIBILITIES Treasurer is responsible for making payment for items purchased by the Club, as well as District, MD & LCI Dues. • Other Invoice LCI • New member • Reinstated member • Club supplies Treasurer is to review the statement for accuracy & submit the statement to BOD for approval.

  6. FISCAL RESPONSIBILITIES • PREPARING BUDGET Anticipate revenue & income Prioritize spending needs Monitor budget – Club remains SOLVENT • HANDLING BANKING ISSUES Signatories for cheques Limit for petty cash System for Reimbursement

  7. FISCAL RESPONSIBILITIES • SETTING CLUB DUES Sets amount of Club Dues (BOD & General member to agree) Include LCI, District, MD, Foundation Dues Club dues are typically collected in advance, yearly or 6 monthly. Invoices are usually sent to club members approximately 10 days before start of the dues – paying period.

  8. LCI/USA PAYMENT • USA Bank Draft Please write Name of Club, at back of draft District, & LCI Club No. & attach perforated LCI Invoice slip, & Register MAIL.

  9. LCI/USA PAYMENT • T-T (WIRE) Direct from Bank Please ask BANK to put District, Name of Club & LCI No. of Club JP Morgan Chase Bank N.A. 120 South LaSalle Street Chicago, IL, 60603 USA Swift Number: CHASUS33 Telex No. 6732667 Routing ABA# 0210-0002-1 Account No. 105732 Beneficiary Name: International Association of Lions Clubs

  10. LCI INVOICE US$19.50 per member for 6 months (July 07 to December 07 or January 08 to June 08) It states the NAME OF MEMBERS OF CLUB & ALSO CLUB MEMBER LCI NUMBER

  11. LCI LIONS CLUB WMMR • PU101 2007/2008 Treasurer’s name is to be submitted Treasurer’s CV in Club WMMR - Ensure residential email is entered. • JULY 07 LCI/USA will mail to you (make sure your mailing address in LCI Club WMMR is correct), stating your member no. & password.

  12. LCI LIONS CLUB WMMR • JULY 07 You can gain into your Club LCI WMMR. You can VIEW only, but cannot alter. You can see names & No. of pax in your Club.

  13. STATUS QUO LCI/USA WILL PUT LIONS CLUBS ON STATUS QUO IF THEY OWE US$20 x Number of members or US$1,000 (WHICHEVER IS LESS) for 150 Days (5 months). Effective 1st July 07

  14. BOARD RULING FOR CREDIT ON DROPPED MEMBERS • Semi-Annual International Dues are billed on July 1, 07 and January 1, 08, based on membership statistics shown on the MAY 07 mmr (closing 28th June 07) & November 07 mmr (closing 28th December 07), since those are the reports on file on the billing dates. • Full 6 months credit will be issued on DROPPED members reported on December 07 mmr (closing 28th January 08) or June 07 mmr (closing 28th July 07), provided these reports reach LCI/USA not later than the close of the following month (Not later than January 31, 08 and July 31, 07).

  15. BOARD RULING FOR CREDIT ON DROPPED MEMBERS • NO CREDIT will be issued on members dropped on Report Received after January 31, 08 and July 31, 07.

  16. LOCAL AUTHORITIES REQUIREMENTS SINGAPORE Lions Club of 10 pax needs to register with Registry of Societies, Ministry of Home Affairs, & is under Societies Act. If a Club has S$500,000 transactions, the accounts must be Audited by Accounting firm. • Need to submit S.O.A. for July ROS Annual Returns. • Need to submit IRAS (Income Tax)

  17. LOCAL AUTHORITIES REQUIREMENTS MALAYSIA ? BRUNEI ?

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