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Hometown Citizens - Homeland Heroes Kim Neubauer & Stacy Jackson
Hometown Citizens - Homeland Heroes
Kim Neubauer & Stacy Jackson
Hometown Citizens - Homeland Heroes
Definitions of a BudgetDefinitions of a Budget A list of planned expenses and A list of planned expenses and
revenues. revenues.
A plan for saving and spending. A plan for saving and spending.
A plan for future activities which A plan for future activities which later serves as a basis for later serves as a basis for evaluating actual performance.evaluating actual performance.
Hometown Citizens - Homeland Heroes
Reasons for BudgetingReasons for Budgeting Required by CAPR 173-1, Para 9 (a) Required by CAPR 173-1, Para 9 (a)
4, Para 9 (b) 8, & Para 36 (d)4, Para 9 (b) 8, & Para 36 (d) Demonstrates accountability of Demonstrates accountability of
donated resources.donated resources. Plan for mission accomplishment.Plan for mission accomplishment. Control costs and maximize Control costs and maximize
earnings.earnings.
Hometown Citizens - Homeland Heroes
Budget RequirementsBudget Requirements Budgets must be balanced.Budgets must be balanced.
Estimated revenues and estimated Estimated revenues and estimated expenditures must equal.expenditures must equal.
Budgets must be realistic.Budgets must be realistic. Goals must be attainable. Goals must be attainable.
Budgets must be reasonable.Budgets must be reasonable. Plans must be in line with CAP Plans must be in line with CAP
objectives and missions.objectives and missions.
Hometown Citizens - Homeland Heroes
Creating a BudgetCreating a Budget Review past financial information.Review past financial information. Consider future plans.Consider future plans. Obtain financial input from all Obtain financial input from all
departments.departments. Finance Committee consolidates all Finance Committee consolidates all
information into a financial plan.information into a financial plan. Upon approval, the plan becomes a Upon approval, the plan becomes a
budget.budget.
Hometown Citizens - Homeland Heroes
Region BudgetingRegion Budgeting Provide approved budget to NHQ no Provide approved budget to NHQ no
later than 1 October each fiscal year.later than 1 October each fiscal year. Budget revisions are recommended Budget revisions are recommended
at least monthly to ensure solvency.at least monthly to ensure solvency. Must be reviewed at least quarterly Must be reviewed at least quarterly
by the Finance Committee.by the Finance Committee. All adjustments must be sent to All adjustments must be sent to
NHQ/FMB for posting.NHQ/FMB for posting.
Hometown Citizens - Homeland Heroes
Region FinancialsRegion Financials Profit & Loss Reports and Profit & Loss Reports and
Balance Sheets are provided Balance Sheets are provided monthly.monthly.
Budget to Actual Reports can be Budget to Actual Reports can be provided as often as requested.provided as often as requested.
Hometown Citizens - Homeland Heroes
Wing BudgetingWing Budgeting Input approved budget into Input approved budget into
QuickBooks no later than 1 October QuickBooks no later than 1 October each fiscal yeareach fiscal year. .
Budget revisions are recommended Budget revisions are recommended at least monthly to ensure solvency.at least monthly to ensure solvency.
Must be reviewed at least quarterly Must be reviewed at least quarterly by the Finance Committee.by the Finance Committee.
All changes to the budget must be All changes to the budget must be input into QuickBooks.input into QuickBooks.
Hometown Citizens - Homeland Heroes
Wing FinancialsWing Financials Profit & Loss Reports and Profit & Loss Reports and
Balance Sheets can be pulled Balance Sheets can be pulled from QuickBooks as needed.from QuickBooks as needed.
Budget to Actual Reports can be Budget to Actual Reports can be run in QuickBooks as often as run in QuickBooks as often as required.required.
Hometown Citizens - Homeland Heroes
Unit BudgetingUnit Budgeting Provide approved budget to Wing Provide approved budget to Wing
HQ no later than 1 October each HQ no later than 1 October each fiscal year.fiscal year.
Budget revisions are recommended Budget revisions are recommended at least monthly to ensure solvency.at least monthly to ensure solvency.
Must be reviewed at least quarterly Must be reviewed at least quarterly by the Finance Committee.by the Finance Committee.
All adjustments must be sent to Wing All adjustments must be sent to Wing HQ for posting to QuickBooks.HQ for posting to QuickBooks.
Hometown Citizens - Homeland Heroes
Unit FinancialsUnit Financials Unit financial reports are Unit financial reports are
required to be provided by the required to be provided by the Wing monthly.Wing monthly.
Budget to Actual Reports can be Budget to Actual Reports can be run in QuickBooks and provided run in QuickBooks and provided by the Wing as often as required.by the Wing as often as required.
Hometown Citizens - Homeland Heroes
