1. BUDGET AND FINANCIAL PLANNING
MWPHGL of Maryland
Office of the Grand Inspector
1307 Eutaw Place, Baltimore, MD
MASONIC
BUDGET AND FINANCIAL PLANNING
Introduce yourself and any other members involved in the training; let the class know which districts you support.
The training module will cover conducting the quarterly audit of the Lodge’s financial records.
The Honorable Lee A Taylor Jr, Most Worshipful Grand Master
RW Stephen B. Bush, Grand Inspector
RW Albert Adams, Deputy Grand Inspector

2. The Honorable Lee A. Taylor Jr., 33o Most Worshipful Grand Master
     M.W.P.H.G.L. Vision
Statement
Let us plan for tomorrow upon the roots of what influenced us to join this great Grand Lodge and our Lodges. Do not let worry and anxiety steal our joy. Let us continue to practice Freemasonry as a charitable, benevolent, educational organization, adhering to the Landmarks of Freemasonry. We must be strong men in our communities, supporting our churches, youth programs, community activities, and being honest law enforcers. Let us direct our attention to relief of the poor, sick and distressed. We must teach the principles, and not be afraid of the changes we would like to implement. The issues of the day can be cumbersome, and the weight seemingly unbearable; but when we wait on the Lord we shall renew our strength." 
Mission Statement
“The Most Worshipful Prince Hall Grand Lodge, Free and Accepted Masons, Maryland and Jurisdiction, Incorporated is a fraternal organization dedicated to the fatherhood of God and the brotherhood of man. Our fraternal organization takes good men, builds and develops them, to be better men. We dispense charity, promote good and solid family values and endeavor significantly to aid in the uplifting of humanity.”
     Grand Master’s Vision
Statement
"Wisdom is the principal thing; therefore get wisdom; and with all thy getting, get understanding." Proverbs 4:7
MOTTO
"Faithful service. Remember the past as we look TO the future." Stay Firm and Faithful.
Scripture: "Let us not be weary in well doing; for in due season we shall reap, if we faint not." Galatians 6:9

3. Budget and Financial Planning
Introduction
The objective of this class is to help you to create a Lodge budget to effectively and efficiently plan and maintain your Lodge finances.

4. Budget and Financial Planning
What’s a budget for?
Your organization functions on at least two kinds of budgets, one that covers your organization as a whole, and smaller program or project budgets.
For the Lodge, the Worshipful Master uses his budget to show how he plans to maintain and improve financial operations, accounting for revenues and the variety of Lodge expenses.
If you’re chairing a event, the most convincing part of it is likely to be the budget because it shows your members projected revenues and expenses and the resulting anticipated profit (or loss) from the activity.

5. Budget and Financial Planning
All Lodges Should Be Operating From A Budget
To Develop a Budget Requires Financial Planning
Financial Planning Includes Evaluating
Income
Expenses
Managing Your Financial Plan

6. Budget and Financial Planning
Definition
Income – The amount of money received during a Masonic Year.
Expense – The cost involved in some activity; a price.

7. Budget and Financial Planning
Income
Dues
Fundraisers
Donations
Lodge Assessments

8. Budget and Financial Planning
Don’t Panic Over the Numbers
FOR INCOME OR REVENUE:
Make a list of all the expected sources of income.
Examples:
Dues
Fundraisers
Donations/gifts
Initiation Fees
Etc.

9. Budget and Financial Planning
Don’t Panic Over the Numbers
FOR EXPENSES:
Start by making a list of everything you need for your lodge to function. Examples: Grand Lodge requirements, such as rent, various fees, annual communication registration, etc., as well as other expenses, such as insurance, utilities, Masonic and office supplies, printing costs, social activities, gifts to charity, etc.
A good resource is the budget your Worshipful Master submitted, which was (or should have ben) approved by the Lodge.

10. Budget and Financial Planning
Don’t Panic Over the Numbers
Although the budget is approved by the Lodge, it is not carved in stone. Plans change, circumstances change, expected revenues or expenses may change, etc.
Note: Even though an item may have been included in the approved budget, Lodge members must vote in favor of the expense before Lodge funds may be used. In addition, as you learned in the Auditing session, an approved Order on the Treasurer is required before the Treasurer can write checks or otherwise spend Lodge funds.

11. Budget and Financial Planning Define Your Priorities
MUST
WANT
SHOULD
G. L. Assessments
Charity
Fraternal Support
Facility Fees
Community Service
Social Affairs
Insurance
Bond

12. Budget and Financial Planning BUDGET EXPENSES – GRAND LODGE FEES
Annual Maintenance Tax $ per mbr
Annual Per Capita Tax $ per mbr
Scholarship $ per mbr
Charity Fund $ per mbr
GL Raffle Tickets $ per mbr
CHIPS Program $ per mbr
Magazine Subscription $ per mbr
Total $ per mbr
Add’l fees - Raised/Healed Brothers $ 70.00
Annual Comm. Registration Fee (Per Officer) $ Temple Renovation Fee $100.00

13. Budget Sample Projected Revenue/Receipts Donations
Dues (# members X dues rate)
$6,000.00
GL Raffle Tickets (6 X $5 per member)
$660.00
Grand Lodge Raffle Tickets (19 X $5 X # members)
$2,090.00
Fund Raisers (Net Profit)
·        Bull & Oyster Roast
$3,000.00
·        Christmas Party
$2,000.00
·        Comedy Show
$1,500.00
·        Crab Feast
$1,800.00
·        Jazz Brunch
·        Masquerade Ball
$2,500.00
·        Scholarship Fundraiser
$2,400.00
Donations
Initiation Fees (# X $110)
$440.00
TOTAL Revenues/Receipts
$16,640.00

14. Budget Sample Projected Expenses (GL Requirements in Bold)
Annual Communication Registration Fee (5 X $15)
$750.00
Annual Trustee Maintenance Tax ($50 X # Members)
$1,100.00
Charitable Contributions
$1,000.00
Charity Fund (# Members X $6)
$132.00
Dispensations ($3.50 each)
$24.50
District Dues
$100.00
Donations to Widows
$300.00
Family and Friends Picnic
$600.00
GL Flowers
$35.00
GL Raffle Tickets (1st 6 X $5 per member)
$660.00
GL Raffle Split (19 X 5 X # Members X 60%)
$1,254.00
Hotel (GL Session)
Initiation Fees ($110 X #)
$240.00
Insurance
$800.00
Laptop (for QuickBooks Software)
$400.00
Lodge Rent ($150 per month)
$1,800.00
LOI Registration Fee
$60.00
Masonic Newspapers (# members X $9.50)
$266.00

15. Budget Sample EXCESS REVENUES OVER EXPENSES $1,542.50 Masonic Supplies
$200.00
Masonic Support
$500.00
Miscellaneous Expenses
$300.00
Per Capital Tax
$588.00
PM Aprons
$600.00
Printer
$100.00
Printing
$250.00
QuickBooks Software Program
Raised/Healed Brothers ( # X $70)
$210.00
Reinstated Brothers (# X $60)
$120.00
Scholarship Fund/GL (# Members X $10)
$220.00
Scholarship Fund/Lodge
$1,000.00
TH Wise CHIP Program (# members X $5)
$110.00
Trustee Ball Tickets
$160.00
Trustee Souvenir
Website Maintenance
Workshops (Constituent)
$168.00
                Total Projected Expenses
$15,097.50
EXCESS REVENUES OVER EXPENSES
$1,542.50

16. Budget and Financial Planning
Budget Summary
Total Revenues/Receipts $16,640.00
Total Expenses/Disbursements $15,097.50
Excess Revenues Over Expenses $ 1,542.50

17. BUDGET AND FINANCIAL PLANNING
Questions
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