5 Steps to Building a Better Budget
Most new treasurers typically create a budget by dividing resources/money like they’re making slices of a pie. For example, if a chapter plans to collect $1,000 in dues, a treasurer may take that $1,000 and allocate those funds to officers based on what they think each officer needs or what each officer received last year. The officers are then told to do their jobs with whatever they’ve been given.
While any budget is better than no budget, this style of top-down budgeting for chapters isn’t much better. It doesn’t leave much room for ownership at the officer-level and tends to be victim to margins of error.