News: Guidelines Update and Fiscal Year Change

[Richard Mateosian]

Does STC recommend/require that we adjust our chapter officer terms to
bring them back into line with the fiscal year, as they are now?

Thanks.  ...RM

On Jan 29, 2008 4:02 PM, Wiese, William C <gt6pilot at aol.com> wrote:

> Another change to be reflected in the Guidelines is a change in the
> Society's fiscal year. For many years, the STC Board of Directors has been
> in the awkward situation of developing a preliminary budget and then a
> final budget because our fiscal year ended before we could determine
> financial results. The solution, as you will soon read in an upcoming
> edition of "News and Notes," is to shift to a January-December fiscal
> year. This will require a "short" fiscal year running from July to
> December 2008.
>
> Please tell your administrative councils that you will need to prepare a
> budget for the July-December 2008 short year. A copy of the chapter's
> December 2008 bank statement and completed financial report for the "short
> year" must be sent to the Society office by March 31, 2009. Then, you'll
> need to implement an annual chapter budget for the 2009 fiscal year that
> begins in January 2009.