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Fall, 2010 Volume #11, Issue #3 ISP SUS P.O. Box 491 Norbert, PA 19072 contact issue.org www.ispsus.org (610 3084744 Presidents Report Treasurers Report Brian Kohler PhD New York University K. Orenthal

How to fill out presidents report treasurers report

How to Fill out Presidents Report Treasurers Report:

1. Start by gathering all relevant financial documents such as income statements, balance sheets, and bank statements.
2. Review the financial data and ensure accuracy and completeness.
3. Use a template or create a format for the report that includes sections for income, expenses, assets, liabilities, and any other relevant financial information.
4. Begin by detailing the sources of income for the period, including membership fees, donations, grants, and any other revenue streams.
5. List and describe each expense incurred during the period, categorizing them as necessary (e.g., office supplies, event expenses, salaries).
6. Calculate the net income by subtracting the total expenses from the total income.
7. Include any outstanding debts or liabilities the organization has accrued.
8. Provide a summary of the organization's assets, including cash, investments, and any physical assets.
9. Add any additional sections or information necessary for the report, such as an analysis of variances, financial ratios, or other relevant financial indicators.
10. Review the report for accuracy and clarity before submitting it.

Who Needs Presidents Report Treasurers Report:

1. Non-profit organizations: Presidents and treasurers of non-profit organizations are required to prepare and submit these reports to ensure transparency and accountability in managing the organization's financial affairs.
2. Board of Directors: The board members need these reports to have an overview of the organization's financial performance and make informed decisions regarding budget allocation and resource management.
3. Stakeholders and Donors: Individuals, corporations, or foundations providing financial support to the organization may request these reports to assess the financial health and stability of the organization before making further contributions.
4. Regulatory Authorities: In some cases, governmental or regulatory bodies may require presidents and treasurers to submit these reports to ensure compliance with financial regulations and laws.
5. Auditors: Independent auditors may need these reports to conduct financial audits and verify the accuracy of the organization's financial statements.

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