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