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Published byTheodora McDowell Modified over 9 years ago
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1 Money Money Money
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2 TWO KINDS OF ORGANIZATONS Some have a financial surplus These organization have the resources to carry on Some do not These organizations are as extinct as Dinosaurs (they just don’t make movies about them)
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3 HOW DO WE ATTAIN FINANCIAL SUCCESS Dumb Luck Magic Unsolicited gifts from anonymous sources Planning and sound management
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4 SHORT TERM Set a budget Stick to it
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5 Write a Budget What are your revenue sources What are the expected expenses This is easy in Excel
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6 Write a Budget Number of members X $9 = Grand Encampment per capita Conclave Expense Grand Recorder Office Postage Accounting Awards Travel Other
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7 Write a Budget Investment income Sale of rituals and supplies Special events Conclave meals Number of members less remissions X your per capita = most of your revenue
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8 HOW DO YOU BALANCE A BUDGET Cut Expenses Raise more money
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9 CUTTING EXPENSES 1) Can they be cut? Mandatory expenses 2) Cutting fat or cutting muscle – Do your members look forward to quality or second class events 3) Unintended consequences – per diem expenses for Grand Conclave 4) Spend money to make money – membership programs and awards
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10 CUTTING EXPENSES 1) Postage vs. e-mail 2) Avoid waste 3) Put the money only into things of value 4) Electronic publication of proceedings 5) Printing of books of regulations?
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11 RAISING MONEY 1) Raise dues and fees 2) Make an Assessment 3) New sources of income
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12 Raising dues and fees 1) All at once or gradually 2) When there is a crisis or planned 3) Do you remit dues and for who 4) Give your constituency time to make necessary changes
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13 Raising dues and fees If we raise dues we will lose all the members Dues are so high now that nobody can pay them Of course we have to remit dues for 50 year members Dues facts? or myths? These decisions are your choice Choose wisely
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14 ASSESSMENTS Does this solve everything Not something you can do often One time boost
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15 New sources of funds 1) Fund raising events 2) Can you make the dinners profitable 3) Sale of commemorative items 4) Registration fees
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16 Vision for the future Nearly 100 years ago we built buildings Make the Order something to value Build for future sustainability What have we done recently?
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17 PERMANENT FUND Not to be spent Increase annually Provides revenue regardless of membership
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18 PERMANENT FUND Where do we get the Money? One time assessment $1 per year per Capita Donations (IN / VA)
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19 PERMANENT FUND Invest wisely Professional assistance Understand Investing timelines Risk vs. Rewards
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20 FACTS OF LIFE The laws of economics have not been repealed The money won’t take care of itself You can’t “fix it” and then never have to look at it again
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21 SOMEDAY WHEN YOU ARE OLD (ER) Or they will say You were once a Templar? What’s that? Wow! You were once the head of this! People won’t remember or care what your programs were But they will say to you Which would you prefer?
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22 THE END Thank You for Coming And Good Luck
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