EB-CAMFT Financial Guide


(Approved April 2007)

Our goal is to be a financially sound Chapter. We will use the following concepts to reach that goal.

1. Balanced budget

We will adopt a balanced annual budget in which revenue and expenses are equal. Note: Adding to our reserve fits in with the concept of a balanced budget and does not jeopardize our 501(c)(6) status. Any funds added to the reserve are handled as an expense.

We look to increase revenues through:
  • Advertisements (newsletter and/or website)
  • Donations
  • Dues
  • Educational activities
  • Interest on investments
  • Products for sale, such as mailing labels, supervision tapes
  • Social activities

2. Budget procedures

In September, Committee Chairs present a draft budget for the following fiscal year, to be included in the Chapter Annual Budget.

Members sponsoring special events (such as CEU workshops) must submit (1) a proposed budget prior to the event for approval by the Board and (2) an accounting of the event after it is held.

Chapter members complete a Request for Disbursement/Reimbursement Form to the Office Manager either prior to or after the expense, respectively.

3. Financial reserve

We plan to accumulate and maintain a two-tier financial reserve.

Tier one equals one year's administrative expense which includes:
  • CEU provider fee
  • Newsletter printing and mailing
  • Website maintenance
  • Bank and credit card fees
  • Bookkeeping contractor
  • Computer hardware and software
  • Insurance (worker's comp, commercial liability, Board liability)
  • Legal and tax return
  • Printing and copying
  • Office supplies
  • Payroll expenses
  • Office Manager salary
  • Telephone and fax
  • Utilities

Tier two equals one year's full operating expense, which includes expenses for:
  • Board business
  • Continuing education activities
  • Social activities
  • Contract clerical help
  • Equipment and furniture

4. Investment policy

We agree to investigate and maintain investments that earn income, but do not put the Chapter in financial jeopardy.

  California Association of Marriage and Family Therapists                                             
  East Bay Chapter - (510) 692-9936
  PO Box 6278, Albany, CA 94706
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