Budget Committee

INC BUDGET COMMITTEE – RESPONSIBILITIES

According to By-Laws and Standing Rules

  • PURPOSE:

To outline planned income and expenses for the upcoming year and to provide guidance for the oversight of the INC treasury throughout the year

  • OVERSIGHT:

Guided by the Strategic Plan developed by the Board of Directors and EC

  • BUDGET COMMITTEE CHAIR:

Appoints Committee members

A committee member may be any resident of a member RNO

Gives Committees a final report from the prior year for planning purposes

  • BUDGET COMMITTEE AND COMMITTEE PROCEDURES:

Communicates with all committees of INC (standing and existing special) to advise due date for budget submissions

Advises regarding what information to include in budget submission

Reviews budgets and works with submitting committees if adjustments are needed – the goal is consensus

Uses all Committee submissions to make a budget for the current (upcoming) year

Presents budget to INC Board of Directors for approval

Presents budget to Delegation for information

Presents quarterly reports (or more often if appropriate) to the EC at regular EC meetings

Recommends to INC President people to perform an annual audit

Determines if a formal audit is required in any given year

With the Treasurer, mutually establishes proper categories of expenses

Mutually with the President decides on any paper/electronic records and receipts not to be retained

Such records and receipts not to be retained are to be given to the Treasurer to shred.

With the Board of Directors approves any unplanned expenses

WORKING DESCRIPTION

INTER-NEIGHBORHOOD COOPERATION

POSITION DESCRIPTION

  • POSITION:

At-Large Delegate, Budget Chair

  • TERM:

Two years, beginning March 2015

  • MAJOR RESPONSIBILITIES:

At-Large Delegate: to guide the organization to the best of my ability, taking into account neighborhood and city needs, in order to make a positive contribution to the civic life of the city.

Budget Chair: to ensure the financial health of the organization. to review the budget, ensure funds are spent wisely and with conscious forethought, suggest modifications and strategies to save and spend effectively.

  • DOCUMENTS/SKILLS REQUIRED (Lists, Spreadsheets, Proposals, Resolutions, Press releases, Web content, etc.):

Spreadsheets, attention to detail, financial background preferred.

  • INC PERSONNEL WORK MOST CLOSELY WITH:

Treasurer, President, Committee Chairs

  • OTHER GROUPS, AGENCIES, ETC. WORK MOST CLOSELY WITH:

Haven’t worked with anyone else yet. Maybe outside experts.

  • TIMELINES and/or REGULAR MEETING DATES:

December: begin looking over current year budget, estimate final results

January: confirm final tallies, adjust budget as needed for new year, ask committee chairs for needed modifications

February: approve new budget

  • HELPFUL CONTACTS (Name, Phone, E-mail):

Steve Nissen, longtime budget chair

Bibi Alexander, treasurer

  • RECENT ACCOMPLISHMENTS (Resolutions, “Academy,” Platforms, etc.):

2016 budget proposed and passed

Investment strategy passed by Board, twice

  • FUTURE GOALS:

Financial self-sufficiency

Yearly balanced budget

  • CHALLENGES:

differing personalities, goals, financial styles. negotiating the minefield that is money

  • OTHER: none at this time

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