LODGE FINANCE

1
LODGE FINANCE

• Presented By
• Dick Kaiser

2
FINANCE FREEMASONRY

• Distinguish between
• VALUE what Freemasonry means to me
• COST dollar amount required to operate my lodge

3
LODGE FINANCIAL DOCUMENTS

• Audit Report
• Budget (Cash Basis)
• Investment Report (non-cash holdings)

4
THE ANNUAL AUDIT

• Cash basis income expense report
• Comparison of Secretary/Treasurer/ Bank accounts
• Summary of changes in investment accounts
• Deposits withdrawals, Interest Accruals

5
THE VALUE OF A BUDGET

• Early warning of potential problems
• Support for the planning process
• Establish Fundraising Goals

6
FEATURES OF A BUDGET

• Data from past years
• Estimates for current year
• Year to date values

7
LODGE INCOME STREAMS

• Member Dues
• Prepaid Life Member Funds
• Investments
• Rentals
• Fees
• Fund Raising Projects

8
LODGE EXPENCE STREAMS-1

• MANDATORY
• Per Capita Tax
• Utilities
• Property Tax
• Insurance Rent/Mortgage
• Maintenance

9
LODGE EXPENCE STREAMS-2

• REDUCIBLE
• Postage
• Janitorial, Lodge, Office Supplies

10
LODGE EXPENCE STREAMS-3

• OPTIONAL
• Awards (Teacher of the Year, etc.)
• Fraternal Assistance
• Charitable Contributions
• Subscriptions Dues
• Advertising

11
PASS-THROUGH ACCOUNTS

• List income and expenses dedicated to a specific
  purpose
• Examples
• Prepaid Life Memberships
• Furniture Fund
• Scholarship Fund