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The Budget Process & A Financial Picture of CoDA, Inc.

The Budget Process & A Financial Picture of CoDA, Inc. Taken 8/31/2019 by Finance Committee Quick look at where we are. CoDA’s Budget Process From the FSM. Annually review proposed budgets submitted by committees, boards, & Fellowship Services.

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The Budget Process & A Financial Picture of CoDA, Inc.

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  1. The Budget Process & A Financial Picture of CoDA, Inc. Taken 8/31/2019 by Finance Committee Quick look at where we are.

  2. CoDA’s Budget ProcessFrom the FSM • Annually review proposed budgets submitted by committees, boards, & Fellowship Services. • The committee considers whether or not CoDA’s income supports the budget requests and allows for our prudent reserve* while integrating the requests into one overall budget.

  3. CoDA’s Budget Process Board Requests Committee Request Committee Request Committee Request CSC Delegates Approve Budget Committee Request Finance Committee Finance Committee Compiles & Reviews Committee Request

  4. 2020 Budget • Prudent reserve equals $250,000 or equal to half of the total actual operational expenses for the previous two calendar years, whichever is greater. • 2019 budget $262,868 in expenses, $243,300 income • 2020 requested budgets $370,579, estimated income $257,300

  5. Cash on Hand Balance at end of year Prudent reserve P Projected, PB Projected Budget

  6. Prudent Reserve • With the redefinition of the Prudent Reserve, we are comfortable within the required Prudent Reserve of $250,000 for 2019 and 2020.

  7. Time for questions.

  8. Thank you for your attention!France W, Jack S, Lou LFinance CommitteeCo-Dependence Anonymous, Inc.

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