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5/5/2015Rotary District 75701 District Team Training Seminar Treasury & Finance Steve Lilly Assistant District Treasurer Assistant District Governor Area.

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Presentation on theme: "5/5/2015Rotary District 75701 District Team Training Seminar Treasury & Finance Steve Lilly Assistant District Treasurer Assistant District Governor Area."— Presentation transcript:

1 5/5/2015Rotary District District Team Training Seminar Treasury & Finance Steve Lilly Assistant District Treasurer Assistant District Governor Area 10

2 5/5/2015Rotary District District Budget Formulation DGE is responsible for developing the District’s budget DGE consults with the Finance Committee, Committee Chairs, and AGs Cost and revenue estimates must be developed from mutually agreed upon premises - not just historical data Budgeting premises must be documented and rationalized Proposed budget, developed by the DGE and presented to the Finance Committee Final budget proposal - subject to approval at District Assembly Finance Committee oversees collections and payments in relation to the approved budget and reimbursement policies

3 5/5/2015Rotary District Reimbursement/Payment Policy Adhere to established budget as approved Un-spent budgeted funds do not carry over from year-to-year Reimbursements and payments outside agreed upon budgeted items must be pre-approved by the Finance Committee before payment is made Reimbursement Forms must be approved by District Committee Chair or District Governor Reimbursements will not be made without completed Reimbursement Form, receipts, & appropriate authorization Policy prohibits Committee Chairs being reimbursed for mileage Pre-approved by the Finance Committee (if not in budget)

4 5/5/2015Rotary District Reimbursement Voucher

5 5/5/2015Rotary District AG’s - Dues and Collection RI dues are payable July 1 st and January 1 st –$25.50 per half per member –Follow up with clubs for timely payment District Dues are payable December 1 st –Invoiced November 1 st based on September membership –$23 per member annually –Delinquent if not paid by December 1 st –Late payment penalty of 5% if not paid by January 1 st Electronic Payment


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