1. SGMP TREASURY 101

2. ROLE OF LEADERSHIP Talley Management Group - Accountant
Reporting
Questions on Bookkeeping
Keeps Chapter Treasuries
Brett Sterenson – National Treasurer
Budgeting
Questions on Treasurer Duties
Chapter Conference Calls

3. FINANCE/AUDIT COMMITTEE
QUARTERLY FINANCIAL STATEMENT REVIEW
QUARTERLY BUDGET FORECASTING
INVOLVEMENT IN THE BUDGET PROCESS
CONSULTANTS TO FELLOW CHAPTER TREASURERS WHO COULD USE
MEMBERS
Nate Melvin, Michigan Chapter
Ashley Leftwich, Tennessee Chapter
Annette Wallace, MoCap Chapter
Willie Clay, Chicago Chapter
Wayne Callis, Old Dominion Chapter

4. CRITICAL DATES
Chapter Budget Submission – 7/31 Year End Financial Report – 8/15 Chapter Monthly Reports – 10th of the Month

5. TREASURER TRANSITIONING
Become intimately familiar with the Chapter Finances Policies Hold in person meeting with outgoing Treasurer Work with outgoing President and Treasurer on transitioning bank card Work with outgoing President and Treasurer on access to banking Become intimately familiar with current budget Prepare for guiding discussion on next year budget at board retreat

6. FINANCE POLICY HIGHLIGHTS
Chapter Finances in Policy Manual – pages CF-1: All Chapters are required to produce an annual budget CF-2 / CF-4: All Chapters are required to use standardized budget and standardized Chart of Accounts CF-5: What Chapters may and may not use Chapter funds for CF-11: Chapter Treasurer Responsibilities CF-17: Chapter Audit Requirements CF-21: Chapter Savings Accounts CF-22: Chapter Revenue Sharing

7. REVISIONS TO TEMPLATE
The 80/20 Rule was thoroughly addressed and scoured by the National Finance and Audit Committee. It has led to a Revised Template which will be distributed to all current chapter treasurers and Presidents as well as posted on line by 5/31/16

8. Programming Scholarships
SPEND YOUR MONEY
Programming Scholarships

9. BEST PRACTICES & NOTES
Approved Chapter Budgets are due to HQ on July 31st each year. By the 10th of each month, chapters must send to HQ copy of bank statement from previous month and current month’s budget template. When Budgeting, begin with Income, then Expenses, then balance. When Record Keeping, more Backup is better than less Backup. HQ is responsible for Auditing Chapter Records each year. Be wary of items labeled as Miscellaneous – do not overuse. Refunds are not Income; record as credit against Expense. Returned checks are not Expenses; record as reduction against Income. Backup for prior year is due to HQ on August 15th each year.

10. TAX EXEMPT STATUS
SGMP is a 501(c)(6) organization which the IRS defines as a business league. “A business league is an association of persons having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit.” The society and its subordinate organizations (chapters) are registered as trade associations and not as charities. The IRS is very specific about rules regarding donations – according to section 170(c) of the code, donors may not deduct contributions made to them.

11. SPECIAL RESOURCES
Treasurer’s Conference Calls - will be held twice a year and the next scheduled call will be in early June to help prepare for next year’s budgeting. Ad Hoc Conference Calls - with chapter presidents and treasurers, one chapter at a time are scheduled on a case-by-case, as needed basis, in August and in January to ensure budgets are properly established and to ensure chapters are on pace to meet them

12. IMPORTANT RESOURCES
Click here 

13. END OF YEAR TREASURER AWARDS

14. Old Dominion Michigan Greater Oregon Northern Lights
HONORABLE MENTION
Old Dominion Michigan Greater Oregon Northern Lights

15. TENNESSEE CHAPTER Ashley Leftwich
BRONZE
TENNESSEE CHAPTER Ashley Leftwich

16. CHICAGO CHAPTER Willie Clay
SILVER
CHICAGO CHAPTER Willie Clay

17. MISSOURI CAPITAL CHAPTER Joyce Becker
GOLD
MISSOURI CAPITAL CHAPTER Joyce Becker

18. CONTACT INFORMATION
Talley Management Group – Accountant
Brett Sterenson – National Treasurer