WTF? This Is BS! (What the Finance? This Is a Balance Sheet!)
As chapter leaders, we need to be stewards of the money our members entrust to us. Even though most of us try to avoid having financial conversations with family and friends, these conversations are vital to ensure we keep our members’ best interests in mind. Your chapter’s finances are just as important as your membership and events.
During this hands-on workshop, we will introduce you to the inner workings of the finances at our respective chapters—how we track, share, and budget. While each of us feels our chapter’s processes are the best, our workshop will help all of us create a balance sheet and processes that can be used for any chapter. You will have the opportunity to share what you do in your chapter, role play financial conversations with fellow board members, and understand how finance is not just dollars and cents—it can drive the future of your chapter. Tools to help you apply a financial process will be shared so you can use it immediately in your chapter. This will provide an opportunity to sharpen your understanding of your goals and facilitate discussion of the financial realities of your organization with your chapter leaders. Come prepared with a copy of your chapter’s budget, balance sheets, financial statements, and questions!
By the end of this session, you will:
· Examine the money management process and develop a plan to track financial performance, accountability, and reporting timeframes.
· Recognize the importance of keeping accurate finances for your chapter.
· Connect financial data with other chapter data points.
· Leverage data to determine action items for your chapter upon return from ALC.