Set up an Income Statement with the following information:
REVENUES AMOUNT
Local Dues year to date
Contributions
Foundation Fundraising
Chapter Fundraising
Other
EXPENSES AMOUNT
Option A – Put exact expenses here if a small chapter
and small number of checks.
Option B – Lump expenses into categories with a separate
ledger for each.
Foundation Fundraising to Foundation Office
Collegiate Chapter donation
Postage
Stationery
Printing
Refreshments
Other
Net Worth Budgeting Tips
Revenues minus Expenses = Savings
It is important consider timing when determining your
budget. The majority of revenues (dues) are received by Nov. 1. Do you
have fixed expenses going out (Local Alumnae Panhellenic dues, collegiate
donations, etc.)? Encourage members to donate supplies and bring appetizers
and desserts to social events. See the Alumnae Officer’s Manual for
budgeting specifics.
