Post on 20-Aug-2015
Effective Management for Chapters and Councils
Presenters:Keri Mohrbach and Allison CoffmanThe University of Toledo
Defining your IncomeWhere is your money coming from?
Prioritizing your ExpensesWhat is most important to your
chapter/council?How have you historically spent your money?
Evaluating your SpendingOngoing and flexible
Qfinance Definition: the comparison of actual financial results with the estimated expenditures and revenues for the given time period of a budget and the taking of corrective action as necessary
Defining whose in chargeWho has final say of spending
Holding your members to responsible spendingApproval to purchase and Documentation of
purchaseSample Worksheet
Ensuring your transparencyCan anyone, at anytime understand where your
money is going
Keeping your chapter/council members informedBi-weekly reconciling with chapter VP Finance Monthly updates (council)
Sample Form
If you gave out a loan, how quickly would you ask for payment before getting annoyed?
Give those on your account the access they needAll members/advisers on your accounts should
have the ability to pay bills Where is your checkbook located?
Excel TemplateChronological order of expenses - DETAILS
BudgetTracker.comKeeping everyone updated on budget
BillHighway/Online bill payEasing the bill paying process
Evaluate where you are at right nowWhat do you need to focus on most?What tools exist to help you?
Set realistic goals for your termWhat can you accomplish in the short-term?What goals will take longer and need buy from
your chapter/council?
What are your first steps?Write down the first thing you want to do when
you get back to campus