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college chapter budget   [Clear]    (Found 1)

Fraternity Blog

Posted On: Tuesday, January 17, 2012 09:25 AM, by Kieran Reavis Major
Any of these tag lines could aptly describe the focus of the college chapter budget committee.

Nicole Frank, college chapter budget committee chair, kicked off 2012 activity with a lively conference call with her 14-member budget committee on January 5. The diverse group of committee members learned that time-consuming activity (such as processing of inactivity requests, financial terminations, and late fee removal) have been streamlined between the chapter chief financial officers and Theta headquarters, leaving more time for the budget district directors (formerly known as finance district directors) to focus on - you knew it was coming! - budgets.

The budget district directors will work with local chapters to establish chapter budgets by early spring and maintain the budget throughout the year. Though the budget is obviously an important and critical financial tool for local chapters, it is also, as Nicole noted "...a window for the entire Fraternity into how chapters are investing their financial resources to support the ideals of Theta and college women."

Creating the budget is an annual milestone. Understanding how the budgeted funds are actually applied and how financial resources benefit Theta college women and the Fraternity is an ongoing adventure.

Next steps include connecting committee members with their assigned districts, working with the chapters to complete their 2012-2013 budgets, implementing a strong and consistent budget variance review approach, and supporting the important changes in communications channels.

Kieran Reavis Major, Gamma Tau/Tulsa, is the budget district director for District VII and a member of the college chapter budget committee. She is also a charter Life Loyal member.