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budget concerns

15 years 9 months ago #145597 by LUVMYKIDS
Replied by LUVMYKIDS on topic RE: budget concerns
Your budget for this year should include a line item for any amount carried over from the previous year and then should only contain the events and programs that you are going to do this year with their corresponding expected expenses/income. Including events/programs that your group is not going to be doing this year would be irrelevant to the budget and perhaps confusing to some.

If it turns out that your group decides to resurrect one of those discontinued events/programs, then the group would need to vote on having that program again and any related funding needed to run it.

As for your comment about the group only showing $10,000 of the $16,000 raised last year: do you mean that they have left out money that they raised and are not showing it as income for last year's reported financials? That would be improper. Last year's financial report should show all monies raised, all expenses, and any balance that is being carried over into the next year.

Hey Rocky, watch me pull a rabbit out of my hat.
15 years 9 months ago #145592 by bosh1212
budget concerns was created by bosh1212
We recently voted on our budget for this year but I am concerned about a few items - When comparing last year's budget to this year's, they did not list everything that was done last year, stating that they did not plan to do it again this year. Consequently, although we raised over $16,000 in fundraisers, they only recorded $10,000 raised last year. I feel this is misleading and if they do not plan to continue an activity this year, it should still be listed and just put a 0 in the line item for this year. Any accountants out there?
Also, even though the budget passed, could these concerns still be brought up at a later meeting for possible revision?
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