From Ken Buch.

The Finance Team is busy.  In addition to the usual “numbers crunching” we are writing Operating Procedures, working on the Fiscal Year 2011 Budget, and developing Reporting procedures. 

The Operating Procedures will clarify roles, document how the financial duties are accomplished, and ensure proper controls.

The Membership approved the delay on the FY 2011 budget until our facilities issues are resolved.  Meanwhile, we have resolved to develop a Balanced Budget for FY 2011 that includes a realistic Income projection and Spending plans that conform to our new Mission Statement.

Financial Reporting to Leadership and to the Membership are being designed to provide concise actionable information including answers to the following questions:

• Where are we financially?
• How does that compare to our plan?
• In what direction are we heading?