Masonic Leadership Training 9. Budgeting Budgeting

Transcript:Masonic Leadership Training 9. Budgeting Budgeting:
Masonic Leadership Training 9. Budgeting Budgeting Budgeting – Guidance - Organize Financial planning is crucial for the lodge goals and objectives Delay only makes the situation worse and compounds Don’t be afraid of “the Master who raised dues” or “we can get by this year but next year is uncertain” Be the officer team that saw the problem, studied alternatives, established financial goals and moved towards a solution One of the least understood and most feared principles of management is preparing a budget Your budget is a guide map for planning the programs and activities of your lodge for the entire year The process is simple The budget and finance committee Budgeting – Guidance - Organize Budgeting – Digest Terms 10.01 Committees of the Lodge. There shall be the following standing Committees: Finance, Vigilance, Petitions, Education, Board of Relief, Charity, and Lodge Property. 10.02 Finance Committee. The Finance Committee shall consist of the Senior Warden and up to six (6) members, including a Past Master of the Lodge, appointed by the Master, whose duty it shall be to examine and report upon all matters relating or appertaining to the financial concerns of the Lodge, which may be placed in their hands by the Lodge or any member thereof, or other person. They shall also examine carefully and fully, and report upon in writing within thirty days after the close of the Masonic year, all the books, accounts, records and vouchers of the Treasurer and Secretary, or cause all of the same to be done by some competent person recommended by the Committee and approved by the Lodge. Review and know your lodge bylaws in relation to budget and finance Budgeting – Guidance - Support For a budget to be supported it must include more than just a document prepared by the Master The finance committee is the resource for greater support Involve appropriate number of respected and knowledgeable members to ensure consideration of concerns This committee should meet at least quarterly Budgeting – Guidance - Limits Document will reflect lodge revenue, spending and savings Publish the budget to the membership At first stated communication of new calendar year provide additional copies and lead discussion Approve the budget and by doing so it becomes their spending plan not yours Budgeting – Guidance - Limits Stay within your budget If you can add, subtract and say “NO” you can control the budget