Difference between revisions of "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 | 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 | ||
| − | It has been quite some time since the Society last adopted a Budget, and several changes of staff size have largely eliminated any organizational memory of how they were created or structured. One hopes that a new [[Treasurer]] will develop and post here a procedure and structure along with the next Budget developed. | + | It has been quite some time since the Society last adopted a complete Budget, and several changes of staff size have largely eliminated any organizational memory of how they were created or structured. One hopes that a new [[Treasurer]] will develop and post here a procedure and structure along with the next Budget developed. |
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| + | 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. | ||
In developing a Budget, the Treasurer is expected to work with: | In developing a Budget, the Treasurer is expected to work with: | ||
Revision as of 12:51, 14 March 2021
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
It has been quite some time since the Society last adopted a complete Budget, and several changes of staff size have largely eliminated any organizational memory of how they were created or structured. 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.
In developing a Budget, the Treasurer is expected to work with:
- Headquarters Staff
- Eagle Receiver General
- Rose Receiver General
- Dean of the SDLKJ
- Dean of the SDI
- Dean of the SDS
- Dean of the SDC
- Fundraising Chairman
- 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.
