[Officers] Budget

[nragusano at kofc-1849.org]

 Worthy Brothers, I will not be able to
attend the dinner on Tuesday.  However, I wanted to give my input for
the budget.  There are several questions and comments. 

	
		Line 43: Line Item 503.1  Preston Youth Authority no longer
exists.  Either drop this line or change to Pine Grove if we are
doing anything there.

		 
	
		Line 54: Line Item 604 Church.  Does this include the $1000 a year
payment toward the Council's commitment of $5000?

		 
	
		Lines 67 through 72: Line Items 801-.1 through .2. We need to follow
through on these items.

		 
	
		Line 74: Line Item 803.  We haven't done this for the past two
years.  We need to follow through this year.

		 
	
		Line 92: Line Item 806.  Unless we intend to host a Chapter Meeting
at a future date, we can drop this.

		 
	
		Line 98: Expected Carry Forward.  The amount is a negative
number.  That makes this an unbalanced budget.  If that is
truly what this is, then we need to rework some of the
expenditures.  Remember, our goal is to have at least 10% of our
earned net income (after expenses and not dues) go toward charitable
causes.  In past years, it has always been closer to 20%. 
Review the 600 category.  Also review the 200 category and subtract
appropriate costs.  That is the NET earned income.

 The 1000 accounts need further explanation. 
It shows additional movement.  If no new monies are going in, the
column following the item should be blank.  The balance column
contains the net. Total Net Worth shows
$598.18.  This, I assume, is the negative ending amount combined with
the Reserve funds. Also, remember, that because
this is a budget proposal and contains expenditures over $500, it needs to
be proposed at a business meeting, published, and then passed at a
subsequent meeting.  Therefore the timeline is this: August 14,
2012––propose the budget by moving to accept it.  After
receiving a second, it is automatically tabled for publication.  Then
at the September 11, 2012 meeting, it is brought up under old business and
passed with or without changes. Fraternally, Nicholas RagusanoAdvocate
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