Budget

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As with most organizations of its size, The Augustan Society, Inc., normally controls it's finances using an adopted annual Budget approved by the Board. The various Sub-Groups normally establish their own Budgets, with confirmation from the Board.

The Board has not always adopted a complete Budget, and several years have seen the prior year's budget adopted without change or consideration of change. One hopes that a new Treasurer will develop and post here a procedure and structure along with the next Budget developed.

It has also developed that reporting to various governmental and private agencies require us to express our Budget in a different format. It may prove prudent to adapt our Budget and accounts design to reflect these external requirements as this may be easier than generating an alternate version on each occasion. Current plans are to use the results of the 501c3 status repair to define a suitable format.

In developing a Budget, the Treasurer is expected to work with:

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.