Date post: | 02-Jan-2016 |
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1
Money Money Money
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TWO KINDS OF ORGANIZATONS
Some have a financial surplus
These organization have the resources to carry on
Some do not
These organizations are as extinct as Dinosaurs(they just don’t make movies about them)
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HOW DO WE ATTAINFINANCIAL SUCCESS
Dumb Luck
Magic
Unsolicited gifts from anonymous sources
Planning and sound management
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SHORT TERM
Set a budget
Stick to it
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Write a Budget
What are your revenue sources
What are the expected expenses
This is easy in Excel
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Write a BudgetNumber of members X $9 = Grand Encampment per capita
Conclave ExpenseGrand Recorder OfficePostageAccountingAwardsTravelOther
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Write a Budget
Investment incomeSale of rituals and suppliesSpecial eventsConclave meals
Number of membersless remissionsX your per capita = most of your revenue
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HOW DO YOU BALANCE A BUDGET
Cut Expenses
Raise more money
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CUTTING EXPENSES
1) Can they be cut? Mandatory expenses
2) Cutting fat or cutting muscle – Do your members look forward to quality or second class events
3) Unintended consequences – per diem expenses for Grand Conclave
4) Spend money to make money – membership programs and awards
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CUTTING EXPENSES
1) Postage vs. e-mail
2) Avoid waste
3) Put the money only into things of value
4) Electronic publication of proceedings
5) Printing of books of regulations?
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RAISING MONEY
1) Raise dues and fees
2) Make an Assessment
3) New sources of income
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Raising duesand fees
1) All at once or gradually
2) When there is a crisis or planned
3) Do you remit dues and for who
4) Give your constituency time to
make necessary changes
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Raising duesand fees
If we raise dues we will lose all the members
Dues are so high now that nobody can pay them
Of course we have to remit dues for 50 year members
Dues facts? or myths?
These decisions are your choice
Choose wisely
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ASSESSMENTS
Does this solve everything
Not something you can do often
One time boost
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New sources of funds
1) Fund raising events
2) Can you make the dinners profitable
3) Sale of commemorative items
4) Registration fees
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Vision for the future
Nearly 100 years ago we built buildings
Make the Order something to value
Build for future sustainability
What have we done recently?
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PERMANENT FUND
Not to be spentIncrease annuallyProvides revenue regardlessof membership
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PERMANENTFUND
Where do we get the Money?
One time assessment
$1 per year per Capita
Donations (IN / VA)
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PERMANENT FUNDInvest wisely
Professional assistance
Understand Investing timelines
Risk vs. Rewards
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FACTS OF LIFEThe laws of economics
have not been repealed
The money won’t take care of itself
You can’t “fix it” and then never have to look at it again
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SOMEDAY WHEN YOU ARE OLD (ER)
Or they will say
You were once a Templar? What’s that?
Wow! You were once the head of this!
People won’t remember or care what your programs were
But they will say to you
Which would you prefer?
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THE END
Thank You for Coming
And Good Luck