A short primer on the budget:

      The Board has no authority to spend any of the Club’s money unless the expenditure has been approved by the members.  To facilitate this process Section 6.1 of the club’s Bylaws mandates that the Board present a proposed budget to the members at the first general meeting of the season that covers all anticipated income and expenses for the year.  If a majority of the members at the first general meeting approves the proposed budget the Board is then authorized to spend the money designated in the budget to cover the expenses and events described.

      Attached you will find the Actual Income & Expenses vs., the Budgeted Amount Statement. The right-hand column of this document is the proposed budget for this fiscal year.          

      I have also attached the club’s current balance sheet for your review.

      If you have any questions do not hesitate to call or email me.

Max Shepherd

Treasurer

505-270-5258