|
|
|
STATE LEVEL BUDGETS |
Superfund and Superfund Budget
- Purpose
- Source of funds
- How managed
NY State Superfund Committee
NY State Superfund Committee Members
- Superfund Process Flow
- Superfund Filing Calendar
- Expenditures
Operating Budget
- Purpose
- Source of funds
- How managed |
|
|
|
OPERATING BUDGET |
|
Purpose of the operating budget |
The NYS Chapter operating budget is required to run the day-to-day business operations of the chapter. As in any business the chapter incurs expenses such as; communications (copying, mail, phone, web site), meetings, travel, awards and awards banquets.
These expenses are not funded by the superfund and therefore must be funded and managed through a distinctly separate budget, banking, and accounting process. |
|
|
|
|
|
Source of funds |
Funding for the NYS Chapter operating budget comes for the following sources:
- Membership rebate - 1$ per NYS NWTF member per year.
- Hunting Heritage Superfund Banquet Share - 1% of the net/net banquet proceeds.
- Raffles and Auctions held specifically by and for the State Chapter.
- Merchandise Sales. |
|
|
|
|
|
Operating Budget Management |
The operating budget is established annually based on known and projected income and expenses for the upcoming fiscal year. The NYS Chapter fiscal year is the same as the calendar year. Once a preliminary budget is established the Board of Directors (BOD) reviews, modifies (if necessary), and approves it.
The Board President and the Treasurer monitor the budget at least monthly if there are major discrepancies or unexpected major expenses the BOD Executive Committee is notify immediately and corrective action is taken. Each quarter the current budget status is presented to the BOD, reviewed, and approved as part of the Treasurers report at the quarterly BOD meeting.
The BOD Financial Audit & Oversight committee has the responsibility of conducting periodic ad hoc audits no less than once per year to help assure proper accounting practices are adhered to. The NWTF National Accounting office may also conduct ad hoc audits on a random basis. |
|
|
|
|
|
