Financial
I can vote & qualify for a committee chair
Financial Soror
What is the budget for the Sisterly Love/Retention Committee for 24-25?
$1,750.00
Whose responsibility is it to approve the budget?
All financial members.
What meeting month should the Money Team present the budget to the body ? What percentage of Sorors are needed to approve the budget?
May
2/3rds
What are the steps the money team will take to payout vouchers?
Vouchers completed by Thursday at midnight will be reviewed and paid each Monday.
Tamias will post a message in groupme that vouchers were paid.
I didn't pay my dues for two years. I am able to?
Reclaim
Can I use my budget to help another committee?
Yes, you have the right to donate your money to another committee.
Who is in head of the budget/finance committee?
Tamias
The chapter must use a CPA to audit the finances of the chapter. True or False... explain
The SOPs indicate that a CPA, licensed bookkeeper, etc can do the audit. However, it can also be audited by the Budget/Finance Committee.
What is the website to pay national dues? What steps do you take if you can't pay your dues on the website?
Click on the Helpdesk link before you sign in.
Total Amount for Dues (N/R/S/L) for Graduate members?
$558.00
How much was the total debit for last year's budget (23-24)?
$100,502.10
Tamias-Grammateus
What are three things that the chapter can use fundraising money for?
Any money raised in the sorority’s name shall be used for operations, programs, and initiatives directly aligned.
The Money Team prefers you email them at their official chapter email addresses.
Why: For records purposes
Name three things a non-financial Soror can not do.
•Vote
•Hold Office
•Hold a Committee Chair/Co-Chair position
•Have Access to Financial Records
•Can’t participate in the Chapter’s MIP activities
What is the base # the financial team used to based the budget on for 24-25 Service Year?
65
How do ask for more funds for your committee?
You must make a request through the executive board and then bring it to the body for vote.
The Soror purchased $600 on her credit card in January 2024. She forgot to turn in the receipts until May 2024. What will happen when she turns in her voucher on May 5, 2024?
The Money Team will not pay the voucher. The Soror will need the Basileus' approval to pay any vouchers outside of the 60-days per the chapter's SOPs.
What methods can you use to pay your local dues?
Zelle-No Fees
Paypal--Must pay the fees
Check--Mail to Chapter's PO Box
Name three things a financial Soror can do?
•Vote
•Hold office
•Be a committee chairs
•Participate in all chapter-sponsored activities and events.
•Regarding all MIP events, refer to the National Handbook.
Name the 5 steps for requesting money from the money team for an event?
1. Do a budget sheet/
2.
3.
Can the Basileus approve checks alone? If not, what other position is responsible for approving expenditures?
Basileus and Tamias
Final Vouchers are due when?
7-Days after the Event