Budget Process Proposal 20141305

2014-2015 Budget Process i3 Detroit – Office of the Treasurer.


The Office of the Treasurer (OT) is proposing the following to the Board:


- A 5 month new Budget 2.0 (Aug-Dec) to get us on a calendar year.

- A 12 month Budget 3.0 for calendar 2015.



Dates:


5/31/14 Release instructions to Coordinators/Membership for Budget 2.0 and public posting of instructions in Wiki.

6/30/14 Deadline for all budget 2.0 submissions to budget@

7/4/14 Summation of submissions provided to Board, along with forecast of income.

7/8/14 LONG Board meeting to finalize budget.

8/1/14 New Budget starts.


10/31/14 Release instructions for Budget 3.0

11/30/14 Deadline for all budget 2.0 submissions

12/4/14 Summation of submissions provided to Board, along with forecast of income.

12/9/14 LONG Board meeting to finalize budget.

1/1/15 New Budget starts.



For Budget 2.0


- The OT will do the budget submission for all existing line items of General Expenses, based on an extrapolation from historical costs.

- Special Events will simply be a repeat of the prior budget. The Board can change any value during the 7/8 meeting. Any additional Special Event submission can be made by any member.

- Any expense or equipment in a zone must be submitted by the Coordinator(s).

- Any equipment expenses for General can be submitted by any member.

- The OT will forecast income for this budget process.

- The OT will accumulate all the submissions without modification and put them in a spreadsheet for distribution to the Board on 7/4.

-On 7/8 Board meeting the Treasurer and the Board will go through the submissions and make adjustments/deletions until we are spending an amount with which the Board is comfortable and establishes.

- The OT will publish the approved Budget 2.0 by 7/25 to be effective 8/1.