Changes

Budget

285 bytes added, 16:08, 29 October 2023
add SDE
As with Unlike most organizations of its size, which control their finances with an adopted annual budget, The Augustan Society, Inc., normally controls it's finances using an adopted annual '''has instead a "permanent" [[Budget''' approved by ]] that rolls over from year to year, with amendments being made occasionally as the [[Board]]sees fit. The various [[Sub-Groups]] normally establish their own Budgets, with confirmation from the Board.
It has been quite some time since the Society last adopted This process acts as a Budgetbrake on innovation and new programs, but the Board and several changes of staff size recent [[Treasurer|Treasurers]] do not have largely eliminated any organizational memory the inclination to do the hard work of how they were created or structuredbudgeting each year. One hopes that a new [[Board or Treasurer]] will develop and post here a procedure and structure along with the next Budget developedresume this important work.
It has developed that reporting to various governmental and private agencies require us to express our Budget in a different format, and worse, our Budget and Accounts are not in the same format. It would be prudent to align these three tables of accounts, necessarily deferring to the governmental standard, provided this can be done without damage to the elements of our present system found helpful. Work on this task has not yet begun, and doesn't appear likely to do. In developing a an annual Budget, the Treasurer is would be expected to work with:
* [[Headquarters Staff]]
* [[Dean of the SDS]]
* [[Dean of the SDC]]
* [[Dean of the SDE]]* [[Fundraising Committee |Fundraising Chairman]]
* [[Advertising Manager|Omnibus Ad Manager]]
* [[Investment Manager]]
* and such others as he may feel prudent.
These may be gathered into the [[Finance Committee]], with the [[President]] and [[Headquarters Staff]] added as ex officio members, or the Treasurer may consult them individually, at his pleasure. The schedule for the Budget is for the Treasurer to present a Budget proposal for the following year not later than the Board meeting following the [[Annual Meeting]], as his last act in office for the year. This provides ample time for an incoming Treasurer to consider and possibly amend the proposal before Board approval before the calendar year-end.
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