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THE WORSHIPFUL MASTER'S HANDBOOK
Grand Lodge, F.A.A.M. of the District of Columbia
Effective Management can be described as a continuous cycle of planning, organizing, directing and controlling. The annual process of budget preparation is an integral part of the planning phase of this cycle. The approved Lodge budget is the plan stated in financial terms and provides a yardstick against which the Lodges activities are measured.
Budgeting provides the Lodge with a preview of the coming year. Income from dues, fees and interest are anticipated, expenses are detailed and scheduled, needed transfers of funds from investments may be projected, and many other decisions are made in advance of the actual need. If actual results do not develop according to plan, the Lodge must be aware of the deviations as soon as possible so that alternative action can be taken.
RESPONSIBILITY AND ADMINISTRATION
The preparation of the Lodge budget requires involvement, coordination, and communication among the Worshipful Master, Secretary, Treasurer, the Trustees of Securities and the Budget Committee. Due to the complexity of this interaction and the need for a comprehensive and accurate budget, the budgeting process should be coordinated and the budget prepared by the Budget Committee. The Budget Committee should monitor any variations from budget and make periodic reports to the Lodge and the Worshipful Master.
The reasons for preparation of a Lodge budget are mainly to:
The Lodge budget may be prepared either on a Masonic Year or Calendar Year basis, whichever the Lodge so chooses. A Calendar Year budget would more closely coincide with the Worshipful Masterís term which is basically January 1 thru December 31 where-as a Masonic Year budget of October 1 thru September 30 would coincide with Grand Lodge reports, etc.
For the period __________ to __________
__________________________________ Lodge # ______________
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Last modified: March 22, 2014