Finance & Membership

Budget Checklist

Posted on 06/14/11 at 10:50am

___ Select Budget Committee or Team

___ Compare budget amounts to actual expenses for previous year

___ Determine locals goals for next year

___ Calculate anticipated income (members X local dues amt) and determine if there are any other resources/revenue available

___ Determine how much of anticipated income will be allotted to spend on each goal

___ Local governance should approve budget BEFORE fiscal year begins

___ Budget only for revenue and expense

Posted on 06/14/11 at 10:49am

___ Open/maintain a bank account for the local.

___ Designate two authorized signers (Treasurer and President) for checks and other transactions.

___ Use prenumbered checks which can be obtained from your bank.

___ Be sure requests for money (disbursements) are supported by an invoice or voucher form (or require two signatures on all checks).

___ Do not sign a check issued to yourself. Have the other authorized signer sign the check.

Posted on 06/13/11 at 5:36pm

MEA dues are set by delegates to the MEA Representative Assembly in conjunction with adoption of the MEA budget.

Posted on 06/13/11 at 5:35pm