BUDGETING Saturday, July 22, 2017

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Presentation transcript:

BUDGETING Saturday, July 22, 2017

BUDGETS Why do we have to have a Budget? Bylaw Requirements Expenditure Approvals

HOW TO CREATE THE BUDGET Start with Expenses Regular recurring items Special Expenditures Fundraising Activities Expected Revenue Calculate Cost for Expense

Cookie Dough Sales: FUNDRAISING COST Sold for $11 ea. Your cost $7 ea. Anticipated Sales of 100 Items Sales $1,100 (100 x $11) Revenue Item Cost $ 700 (100 x $7) Expense Item

REMEMBER….. Approved Budget = Approved Expenditures Budgets are a guide READ YOUR BYLAWS

QUESTIONS…..