1. Chapter Leader Webinar
RECORDING LINK (

2. NCMA Chapter Relations Specialist
Welcome!
Vanesa Powers
NCMA Chapter Relations Specialist

4. A New Look! Chapter Financial Report

5. Chapter Financial Report Content
Revenue
Expenses
Banking Information
Supplemental Information
New!
Tips to Remember

6. Federal Identification Number
All NCMA chapters must have a Federal Tax Identification Number to operate and be included in the NCMA Group Return

7. Keys Points to Remember Before You Start
The financial report is prepared on a cash basis.
The IRS requires the dates of July 1st – June 30th for the tax year.
The beginning balance must match the ending balance of the previous year.

8. Items listed under “Other Revenue” are required to be explained
The “Other Revenue” category is to be used only for items that do not fit in any of the categories listed above.

9. “Other Expenses” should not exceed 5% of total expenses
DO NOT record Grant/Scholarship funds provided to the chapter by NCMA in the Expenses Section .
“Other Expenses” should not exceed 5% of total expenses
Refer to Tips to determine the difference between a Grant and a Scholarship

10. Banking Information

11. Supplementary Information: Grants and Sponsorships
Total amount posted here must match the figures listed under the Expenses section of this report.

12. Supplementary Information: Board Members - Compensation
List the names of ALL current Board Members. (including those listed the previous year)
Chapter Board Members are volunteers. Therefore this total should always be zero

13. Supplementary Information: Board Members – Payments Other than Compensation
List Grants or Scholarships awarded to Board Members and the names of the recipients.
Amounts listed here should also be listed under Grants & Scholarships under Supplementary Information.

14. There are no policies stating Board Members cannot be related
Supplementary Information: Board Members – Relationships and Volunteers
List the total number of volunteers. Do not include your total chapter membership numbers.
There are no policies stating Board Members cannot be related

15. Chapter Audit Checklist
Conduct the basic functions on the checklist on a quarterly basis for easy end of year reporting
Strive for all answers to be “YES”!

16. Chapter Annual Reports
The Financial and Audit Report can be found and submitted online.
Chapter Annual Reports
Any questions about Financial Reporting can be forwarded to: or

17. You can reach us: Tanya Bittenbender NCMA Chapter Relations Manager
x1124
Vanesa Powers
NCMA Chapter Relations Specialist
x1120