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Budgeting

Budgeting. Main Points Importance of budgeting at the unit level Determining your assets and needs Raising funds. Budgeting. Overview This segment will explore the need for sound fiscal management and to help to develop budgeting skills. Budgeting. Participants will:

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Budgeting

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  1. Budgeting Main Points • Importance of budgeting at the unit level • Determining your assets and needs • Raising funds Unit Commanders' Course

  2. Budgeting Overview This segment will explore the need for sound fiscal management and to help to develop budgeting skills. Unit Commanders' Course

  3. Budgeting Participants will: • understand the importance of budgeting at the unit level • know how to determine unit assets and needs • discuss techniques for raising funds • complete the exercise Unit Commanders' Course

  4. Budgeting One of your most important responsibilities as a commander is to ensure that your unit is fiscally sound. You ensure that the unit is accountable to its creditors, the wing, HQ CAP, and your membership. Unit Commanders' Course

  5. Budgeting The Importance of Budgeting at the Unit Level • You must budget because... • You need to know how much money your unit has • You need to know how much it needs to spend ...so you can prioritize what you want with what you can afford Unit Commanders' Course

  6. Budgeting Determining Your Assets and Needs • Get together with your finance committee • Use your annual financial statement as a guide • Determine what you have (assets) • Determine what you need money for: Unit Commanders' Course

  7. Budgeting Determining Your Assets and Needs • Find the difference between what you have and what you will need • Determine how you will make up the difference • Are you spending money efficiently? Unit Commanders' Course

  8. Budgeting Raising Funds • Refer to CAPR 173-4 Fundraising/Donations • Method you choose should fit with the amount of money you want to raise and how long you want to sustain the campaign. • Two must do’s: • Obtain written permission from your wing commander • Comply with local and state fundraising laws and regs. Unit Commanders' Course

  9. Budgeting Fundraising ideas • storefront collection • bake sales/pancake breakfasts • rummage sales • locally contracted merchandise (t-shirts, hats, etc) • car/aircraft washes • commercial sponsorship • etc Unit Commanders' Course

  10. Budgeting Fundraising Don’ts • Sponsoring or flying in airshows • carrying aircraft passengers for charge • dropping objects from aircraft or spot landing contests • percentage professional fundraising (unless specifically approved from HQ CAP) • activities for which CAP members receive personal financial gain Unit Commanders' Course

  11. Budgeting Donations • Equipment donations an attractive alternative to fundraising • You solicit the donation, the wing commander (or higher) accepts the donation on behalf of CAP Unit Commanders' Course

  12. Budgeting Exercise Unit Commanders' Course

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