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District Budget

District Budget. Johansen Pico, Treasurer. Things to Consider. What it takes to run this district Administrative Costs, Officer & Board Expenses, Committee Expenses, etc. Budget is a living document Expected model Changes when needed

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District Budget

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  1. District Budget Johansen Pico, Treasurer

  2. Things to Consider • What it takes to run this district • Administrative Costs, Officer & Board Expenses, Committee Expenses, etc. • Budget is a living document • Expected model • Changes when needed • A Board Meeting is an opportunity to make necessary changes.

  3. The Budget – What is it? How do I read this? • 2012-13 Expenses • 2012-13 Budget • 2013-14 Expenses • Anything after June 30th will count towards this year’s budget • 2013-14 Budget (pending Key Club Board Approval)

  4. Breakdown of Budget • The following slides will be providing a general overview of items in each category • Keep note of any golden questions you may have while reviewing the budget. Questions will be addressed at the end of the presentation!

  5. Cash Receipts • Line 10.401.0 District Per Capita • Membership District Dues $4.50 x member • Currently assuming we will have 42,000 members • More members = more money in our district budget • Line 10.440.10 Investment Income • Income is from investments of previous years; revenue over expenses

  6. Administrative • Behind the scenes costs to keep the district running • Consists of items: • Service fees (e.g. Credit Card Service, Conference Calls, Merrill Lynch (financial management)) • Computer Software, Small Equipment (e.g. Any software/equipment the District Office requires) • Printing (District Office printing – use it!) • Service Leadership Department Expense (Pays for the staff that works at the office on behalf of Key Club)

  7. Officer and Board • These costs accommodate officer/board expenses • Executive Travel & Administrative – Covers travel costs and other expenses made by Executives • Ex: You may notice the Governor has the most budgeted for this item – this is because of the frequent travel the Governor makes. • Trustee travel – Covers International Trustee travel costs to Board Meetings • ICON Travel Support – Board Discount plus Past Governor • Hawaii Support (e.g. R18 Convention Support, assist with travel to DCON) • Help to overcome distance • We provide $1500 to assist with the Region 18 Convention

  8. Line 10.598.0 Key Leader Scholarships (revised item) First 15 that apply to each Key Leader Camp is awarded a $35 discount Members will use a code when registering to receive the discount Travel & Expense Div. 1-47 Each Lt. Governor’s budget comes from this item. Page 2 has a thorough breakdown of this line. Extra funds that were not vouched for goes to investment or CNH Kiwanis Foundation Scholarship Fund Line 10.650.0 Lt. Governor’s Reserve New club charter = $50 more in your division budget; comes from this line

  9. Committee Expense • Committee Expenses • Each committee chair has their own budget to vouch • Line 10.699.01 Kiwanis Committee Reimbursement • e.g. Board Meeting Housing for the Kiwanis Committee (Region Advisors) • Line 10.699.05 Foundation Training Funds Reimbursement • Covers BTC costs (e.g. transportation/housing of board members, food, printing)

  10. Inter-fund Transfer • Line 20.921 District Convention Profit (new item) • Consists of profit made from Convention 2013 – planning on being added to current year budget

  11. Other Revenue and Expense • Fall Rally N/S Income • Comes from: Wristband and ticket sales • Fall Rally N/S Expense • Comes from: Buying tickets • Line 10.849 PTP Income [Contribution to CNH Foundation] • Comes from: FR Auctions • Line 10.858.0 Contribution to CNH Foundation for PTP • Consists of: Profit from Fall Rallies, PTP Income, additional donations to PTP, and PTP Fundraising Income • Line 10.862 PTP Fundraising Income • Comes from: DCON Ribbons, Buttons, PTP Wristbands

  12. Lt. Governor’s Travel and Office (pages 2-3) • Each Lt. Governor receives $50 per active club • These pages show how much money is available in each division’s budget • Distance bonuses are given to divisions that need to overcome distance issues

  13. Go for the GOLDQuestions? Further Questions: please contact me. Johansen Pico cnhkc.dt1314@gmail.com This is your time to ask questions before the approval of the budget at the Board Meeting.

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