1. BUDGETING Saturday, July 22, 2017

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

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

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

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

6. QUESTIONS…..