Finance

Finance

Chairman: Violet Brosart - 3 yrs
 Irene Tanner - 2 yrs
Mary Lou Platt - 1 yr
 

Finance/Audit


The National Unit Handbook describes the mission of the Finance Committee as follows, “ to oversee the general financial policy of the organization and to prepare and monitor the annual budget and its expenditures.”

It is advisable that all Units operate with a Budget. After a Budget is in place for standard operating expenses it should be voted upon. Than the Treasurer is able to send the monies when they come due. The first priority of each Unit is their mandatory fees. These are: Department Day Fund $5.00 - Bonding $5.50 These are mandatory and it is not necessary that it be voted on.

Funds should be kept separate. Example, General Funds and VA&R Funds.

Monies collected by distribution of Poppies should be in the VA&R Fund and additional orders should be purchased from these Funds. Checks for ordering Poppies should be sent directly from the Unit Treasurer to the Poppy Chairman with the order form.

Tuition for Empire Girls State should be sent to the EGS Vice Chairman with the applications. All other distributions should be sent to the County Treasurer to be properly recorded.

Your Unit should collect enough dues to send $11.80 to Department and have a little left over to supplement your treasury. Junior Dues are $4.00.

Dues breakdown as follows:
Department $4.50
National 5.00
District Pres. Account .50
Children & Youth acct. .25
Dept./National taxes .80 VA&R account
County Treasurer .75

From the amount in the VA&R account, the distribution of up to $500.00 (depending on occupancy) be sent to each VAMC and NYS Veterans Home, and Griffis Air Force Base Outpatient Clinic, during the Salute to Hospitalized Veterans Week in February.

All grants are funded for the WFA from the VA&R Account.

Monies collected from Coupons, Calendar sales, and a 50/50 split club are what fund the Office and Staff. The 800 number and all equipment maintained are also taken from this income. Please support all our fund raising efforts.

Click on the following link for instructions on how to file form 990n  electronically Form_990n You may visit www.irs.gov  for updated information.

Unit Audit Data Form

Our Department Office has been advised that in order to comply with the latest IRS Regulations, each Unit in the Department is required to complete the following  Unit Audit Data Form 
Please submit as soon as possible. All forms must be in the Department Office by December 31, 2009

Click here for information on e-filing

Although this is a non reporting committee any member of this committee will be glad to hear from you. If you audit your books, please let me know.

Violet Brosart  Finance Chairman 3 yr 
Email: Irene Tanner 2 yr member
 Email: Mary Lou Platt  1 yr  member
 

Unit Audit Data Form