The basics and beyond

A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period

 To determine funds needed to operate the District effectively  To keep spending on track  To prepare for a successful year  To maintain fiscal responsibility  To be accountable to our members

REVENUE- Calculate all sources of income  Dues from members  Convention/Conference fees from clubs  Convention/conference registration fees  Sponsorship income for Awards  Special events  Sale of inventory

 Officer & Directors Expenses  DP National Convention/Training Expenses  Travel costs  District Operation Costs  District Bulletin  Board meeting costs  Convention/conference costs  Insurance  Supplies/Postage  Committee Expenses Expenses – Calculate all expected costs

Your District budget is prepared before the start of the fiscal year – July 1 st.  Committees should provide expected costs  Conventions/Conferences for the year should be reviewed  Current year actual to budget should be reviewed  Board approves prior to the beginning of the fiscal year.