FINANCE PRESENTATION
Transcript: Finance 101 GO BE A GOOD LEADER IN FINANCE! Figure out your allowance and expenses together: Are you in debt and need to find more money to pay for your expenses? Do you have a surplus after all expenses are accounted for? Planning Your Budget Budget planning Audits Filing paperwork Sending Requests Fundraising Balancing finances Reporting to Business Office Reporting to the club/eboard Going to budget hearings TIMELINE Debt or Surplus? You want to leave your club in a decent amount of surplus by the end of the school year. How to do it: Only spend on what you need. Find the best deals Fundraise (Go to Dan Napolitano’s Fundraising Tips and Pitfalls in Room 302 at 12:00pm – Session 2 of workshops) Attend budget meetings Submit budget & audits on time Submit all forms that are required (website on your handout) Participation in Hot Dog Day Abide by all AU and Senate policies Attend Senate meetings ******Any of these not being met may prevent you from receiving allocation money and recognition Once you select what budget time you are using, you need to figure out: What is needed for specific event(s)? What is needed for the over all use of the club/organization? Are there any annual fees for your club? Is anything needed for recruitment, current members, ceremonies, etc.? Figure out your allowance and expenses together: Are you in debt and need to find more money to pay for your expenses? Do you have a surplus after all expenses are accounted for? Planning Your Budget Reminders You need to know how much money your club has: How much money do you currently have in your club’s account? How much do you have coming in before expenses? Do you have any income for your club? *Remember that AU expenses are tax exempt You need to know how much money your club has: How much money do you currently have in your club’s account? How much do you have coming in before expenses? Do you have any income for your club? Responsibilities What are you doing a budget for? School year expenses? Semester expenses? Monthly expenses? Weekly expenses? Daily expenses? Specific event expenses? Debt or Surplus? GOAL By Brielle DePugh Be recognized as an organization on campus Reaching the goals of your club What does your club need? Know your fund and organization code - especially for forms Work WITH your club, eboard, and adviser not against them. Plan ahead EXPECT THE UNEXPECTED Once you select what budget time you are using, you need to figure out: What is needed for specific event(s)? What is needed for the over all use of the club/organization? Are there any annual fees for your club? Is anything needed for recruitment, current members, ceremonies, etc.? Extra Stuff to Do! What are you doing a budget for? School year expenses? Semester expenses? Monthly expenses? Weekly expenses? Daily expenses? Specific event expenses? QUESTIONS? TIMELINE What does your club need? GOAL You want to leave your club in a decent amount of surplus by the end of the school year. How to do it: Only spend on what you need. Find the best deals Fundraise (Go to Dan Napolitano’s Fundraising Tips and Pitfalls in Room 302 at 12:00pm – Session 2 of workshops) Meet with advisory at least once a month to go over books Keep a receipt book & all physical receipts Announce financial standings at each club meeting, whole group and eboard Keep records of all expenses and revenues For all events, make sure you have excess allowance for unexpected expenses What is your allowance? What is your allowance?
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