[NMCCSC] Please review

[Max Shepherd]

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

 

 

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