Special Board Meeting to Address Revenue and Expense Reporting

The Board of Directors of the Alano Club of St. Joseph is having a meeting to consider some accounting changes.  A review of revenue and expense reporting is the topic.  This meeting is as much about education regarding accounting practices as it is about changing practices.  Our Treasurer has served in his position for about seven years – this is because we trust him beyond measure.  This meeting is simply about how we report revenue and expenses – and thus ultimately about how we file tax returns.

WHEN:

Sunday, June 1, 2014, at 3:00 PM.

WHERE:

Alano Club Main Hall.

TOPIC:

Revenue and expense reporting

A special meeting of the Board does not require a ten day notice.  The topic is limited to changing some accounting practices.

  • Standard Principles of Accounting are necessary for any 501-C-3 corporation.
  • Standard Principles of Accounting are necessary for any 501-C-3 corporation that receives government grant money.
  • Standard Principles of Accounting protect us from filing misleading tax returns.
  • Standard Principles of Accounting  limit opportunity for fiscal mischief, or even criminal embezzlement.

While this is a meeting of the Board – it is not a closed meeting.  Anyone may attend.

 

 

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