Outbound Journey Treasurer Documentation Summary

Summary of Documents FFI Policies and Guidelines for Clubs and Programs (2017-18 version) https://www.thefriendshipforce.org/resources/#panel-policies FFO Guidelines Journey Treasurers Inbound and Outbound BMO Banking Fees Excel template Instructions

Friendship Force Journey Programs Page 4 Three types of outbound Journeys: International Club to Club Journeys – one week (5-7 nights) program between clubs from different countries Domestic Club to Club Journeys – Up to 7 nights between clubs within a country Stopover – 1-4 nights homestay while traveling to or from an International Club to Club Journeys

FFI Journey fees Page 5 International Journeys * $140 USD/week Domestic Journeys ** $10 USD/night Stopover $20 USD/night *Ambassadors from within the host country applying to participate on an International Journey must pay the International FFI fee. **Ambassadors from outside the host country applying to a Domestic Journey must pay the International FFI fee. Fee not refundable within 60 days of journey start

FFI Ambassador Coordinator Discount Page 5 The Ambassador Coordinator will receive a pro-rated discount* of the FFI Fee if 75% or more of the hosting capacity is reached (For multi journeys, lowest capacity journey is used) for international journey only: *The Discount is contingent upon compliance with the Fill- the-Seat policy and must be confirmed by FFI regional support Manager assigned to the journey: If a journey is not full at 100 days prior to departure, it must be listed on the FFI online journey catalog. Capacity Credit 100 95 90 85 80 75

Host Club Fees Page 6 International Journey - basic fee $150 USD; Any amount over $150 USD must be agreed by the Ambassador Coordinator. Domestic Journey and Stopover - set on a case-by-case basis, to be worked out and agreed upon by the Ambassador and Host Coordinators.

Review of Documents FFI Policies and Guidelines for Clubs and Programs FFO Guidelines Journey Treasurers Inbound and Outbound (Feb 2018 version) http://www.friendshipforceottawa.ca/guideli nes_for_j_treas_inbound_and_outbound_feb _2018.pdf BMO Banking Fees Excel template Instructions

Outbound Journey Treasurer Role and Responsibilities Pages 3 & 4 Financial Planning and budgeting – Critical to end up with a net zero balance: Identify all journey costs and income. Banking, Book and Record Keeping – Opening and closing a community bank account*, deposit all income, write cheque to pay expenses* and keep a journal of all transactions * Require second unrelated signature, normally the AC, best if living close by Financial Reporting – to Ambassador and FFO Treasurer General Financial Oversight – Ensure financial decisions are in accordance with FFO guidelines

Opening Bank Account Pages 5 & 6 JT & AC choose a convenient BMO branch JT & AC open a community bank account 70 to 90 days prior to journey start “FFO Journey # XXXXX” where X is the FFI-identified journey # Request documents from FFO President Letter of authorization AGM Minutes indicating FFO executive & FFO BY-Laws (for new branch only) ID with photo required Request 100 cheques, Online monthly statements, deposit book, bank card and accept Interact e-Transfer deposit

Income & Disbursement Pages 7 & 8 Income via cheque, Interact e-transfer, Cash Disbursement via cheque, wire transfer at bank with AC All incomes and disbursements must be recorded in the journey journal including bank fees Invoices or Receipts are required for all disbursements Caution – do not write last cheque near end of month

Income Page 10 Sources of income Journey Registration Fees – $35/Ambassador/Journey (post dated cheque 6 months prior journey start) Assured Space Deposit – $300 per oversubscribed journey, 6 months prior journey start Ambassador payment to cover for specific expenses

Expenses Pages 10 & 13 Three type of expenses Administration costs – postage, bank fees, booklet, HC gift, club gift/donation FFI Fee – USD $140* Host Program Fee – USD $150+* * Due 60 days prior start date * Group wire transfer payment is normally least expensive followed with a message to FFI Regional Support Manager referring to the payment and indicating who paid Pre/post journey finances – not JT’s responsibility

Refund Pages 10 - 14 FFI and Host Program fees – not refundable once paid (60 days prior journey)* Registration fee – not refundable after 1st day of the 6 month prior the journey# Assured Space fees – not refundable after 6 month prior the journey# * Unless replacement found # Unless one of the 15 criteria listed in item 4.c is met. Any residual from withdrawn applicant must be transferred to FFO main account

Review of Documents FFI Policies and Guidelines for Clubs and Programs FFO Guidelines Journey Treasurers Inbound and Outbound BMO Banking Fees (16 Apr 2018 version) https://www.bmo.com/pdf/better-banking- guide-business-en.pdf Excel template Instructions

Community Account Banking Fees Pages 11 - 12 $2.50 - monthly administration fee, if minimum monthly balance < $5,000; $1.25 - per transaction (20 free per month); $1.25 - per teller deposit (5 free per month); $0.20 - per cheque deposited (25 free per month); $3.00 – monthly paper statement (free monthly e-statement).

BMO Sundry Fees Pages 13 - 16 $20.00 - Account closed within 90 days of opening; $7.00 - per deposited NSF cheques; $48.00 - per written NSF cheques; $7.50 - per foreign currency money order or draft (free for USD money order); $25.00 - Wire payment up to $7,500, add 0.2% of additional amount.

Both Signatory Requirement Both signatory must be present for: Open or close a journey account; Initiate a Wire Transfer; Request a Money order or draft; and Both must sign cheques to pay expenses.

Review of Documents FFI Policies and Guidelines for Clubs and Programs FFO Guidelines Journey Treasurers Inbound and Outbound BMO Banking Fees Excel template Instructions

Template Overview Instruction Tab – Provides the overview information about the Excel template Budget Tab – Area to enter the expected income and expenses to ensure a net zero balance. Journal Tab – Area to record all transactions as they happen. All income should be entered as “Ambassador Receipts” or “=C$108” in column C Summary-Source & Use of funds – Automated report showing Actual vs Budget and Variances Outbound Details – Area to track income and expenses associated with each Ambassador thus calculating each ambassador’s refund

New Changes Budget Tab: Calculates critical dates prior to start of the Journey (60 and 90 days and 6 months) More budget items listed as a reminder with an indication of the type of journey they apply Exchange rate conversion area Journal Tab: Error message amended to remove confusion when item name does not match a budget line item