1. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Leadership Summit Session 7: Budget Boot Camp January 17, 2014 9:00 a.m.– 9:45 a.m.

2. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Budget Boot Camp 2014 John J. DiGilio, MLIS, JD SLA Treasurer 1 2014

3. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 2 What's the Big Deal? - Why boot camp? Money Matters - Where it comes from. Where it goes. Key Players – Key roles in SLA’s finances The Toolbox – Tools every treasurer needs & leaders need to know about Bottom Lines & Bookkeeping – Securing your unit's bottom line Time for Questions – Q&A with SLA’s Treasurer and CFO Agenda

4. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] The Big Deal 16

5. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 4 What is a Fiduciary? Someone in whom another has placed a great deal of trust. One having the duty to protect the property or funds of another and to use those resources for the benefit of that other. YOU are! The Big Deal

6. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 4 Your Fiduciary Duty To protect the property and funds of your unit and its members. To use those funds and property for the benefit of your members. The Big Deal

7. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 16 Money Matters

8. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 4 INCOME: Where does it come from? Conference Dues Other Money Matters

9. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 5 Money Matters EXPENSES: Where does it go? Conference Membership Other

10. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Money Matters: Trends 9

11. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 8 Money Matters: Allotments

12. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 16 Key Players

13. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] SLA Financial Team SLA CFO SLA Treasurer SLA Finance Committee Unit Treasurers 11 Key Players

14. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] SLA’s CFO Linda Broussard – lbroussard@sla.org – +1.703.647.4938 12 Key Players

15. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] SLA’s Treasurer John DiGilio jdigilio@reedsmith.com +1.312.207.3902 13 Key Players

16. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] SLA’s Finance Committee Hal Kirkwood Bill Noorlander Tom Rink Kim Walsh 14 Key Players

17. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Unit Treasurers Chapters Divisions 15 The Folks on the Front Lines! Key Players

18. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 16 The Toolbox

19. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Quicken: Required Treasurers' Discussion List: Robust & Active Treasurers' Wiki: Best Practices, Instructions, & More 18 The Toolbox

20. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 19 The Toolbox Quicken http://quicken.intuit.com Starting 2014, each unit is responsible for procuring and maintaining its own copy of Quicken. This is the required software package for annual financial reports.

21. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 19 The Toolbox Treasurers' Discussion List TREASURERS@lists.sla.org SLA unit treasurers are automatically added to this list each February. The SLA Finance Committee is also on this list.

22. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 19 The Toolbox Treasurers' Wiki http://wiki.sla.org

23. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Bottom Lines & Bookkeeping 16

24. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Timely reports Bank statements Generate revenue Spend appropriately Make CFO signatory Pooled fund 21 Financially Healthy Units Bottom Lines & Bookkeeping

25. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Many units report: Difficulty breaking even Not having an actual budget Having trouble transitioning treasurers 21 What We Know Bottom Lines & Bookkeeping

26. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] Consider making budgeting part of your annual unit process Increase communication with and from your treasurers Monetize some of your best work Invest in your membership 21 What We Need to Do: Bottom Lines & Bookkeeping

27. [edit on Slide Master, Name of Presentation] [DAY, DATE CITY] 23 Q&A with John & Linda