Budget Timeline

Ongoing

Tie these things up before starting the process for peace of mind:

Identify budgeting team of 2 (two) Beancounters
File schedule requests (schedule at freegeek dot org) in late August (at the latest).
Budgeting team works for 4 hours per day for entire week - Sept. 6-12, 2008
- Close out the middle month of the previous quarter (in this case) August. See Closing out the month.
- Create working spreadsheet.
- Produce actuals for previous several months
- Estimate future income and expenses, record assumptions
- Present to staff for feedback at staff meeting - early Sept.
Budgeting team meet with Treasurer to ID bugs - Sept. 13-20
- Be prepared to submit emergency schedule requests if unexpected tasks come up.
- Present to staff for feedback again
Budgeting team iron out bugs & review with Treasurer - Sept. 13-20
Send budget to board - Sept. 24th = ideal; Oct. 1st = latest! (one to two weeks prior)
Attempt to close out month for September in case any last minute things come to light.
Board Meeting - Oct. 8th (2nd Wednesday of Quarter)
Report back to each committee post-approval of Board
- Plug approved budget numbers into tables per committee, and/OR
- Email to staff with numbers

Reorganize outreach committee into new committees
Divide up expense items a bit more so it's easier for folks to know what they're spending.