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THE COMPASSIONATE FRIENDS, INC. ANN ARBOR, MICHIGAN CHAPTER JULY 2017 NEWSLETTERCHAPTER COORDINATOR: Mike Fedel 708 Soule Blvd. Ann Arbor, MI 48103 Chapter Phone: 7347078141 Phone: 7349980360 Email:
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01
Gather all necessary financial documents including previous budgets and bank statements.
02
Determine the chapter's financial position by reviewing income and expenses.
03
Set a budget for the upcoming period, including projected income and expected expenses.
04
Record all transactions accurately in the designated accounting software or ledger.
05
Ensure you have regular updates from your chapter's financial committee or advisor.
06
Prepare reports on financial status to present at chapter meetings.
07
Establish a system for tracking receipts and invoices.
08
Communicate with chapter members about financial decisions and updates.

Who needs chapter treasurer?

01
All chapters of organizations that require financial management.
02
Members of the chapter who wish to ensure responsible financial oversight.
03
Financial officers or committees within the chapter.
04
Organizations that depend on funding or budget allocations.
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The chapter treasurer is an officer in a chapter organization responsible for managing and overseeing the financial matters of the chapter, including budgeting, accounting, and financial reporting.
The chapter treasurer is typically required to file reports, which may include financial statements and compliance reports, based on the organization’s bylaws or regulations of the governing body.
To fill out the chapter treasurer report, gather all necessary financial documents, list income and expenses accurately, complete the reporting form as required by the organization or governing body, and submit it before the deadline.
The purpose of the chapter treasurer is to ensure proper financial management, maintain transparency regarding the chapter's finances, and ensure compliance with legal and organizational financial requirements.
Information that must be reported typically includes total revenues, total expenditures, net assets, any outstanding debts or liabilities, and a summary of financial activities for the reporting period.
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