Ours2share's Blog

Hazelwood and Churchill (Victoria, Australia) local Girl Guide information noticeboard.

10% of fundraising Profit is too…

Finance and Fundraising

Previously it had been decided that:
That for approved items if personal monies spent on events are to be approves at meeting and refunded.
That there be a petty cash book in operation.
That the monies for petty cash come from fundraising.
That 10% of all monies fundraised or donated be with held for funding the unit.
That the above 10% provide further events a budget.
That the 10% also cover the petty cash for normal unit meeting requirements.

After discussion it has been decided that 10% of fund raising Profit is too be kept in the unit account. Among other things towards Petty cash.

To be reviewed at AGM May 2010

November 7, 2009 - Posted by | Uncategorized

1 Comment »

  1. […] Gipp’s Guides run on a similar system. However they have chosen that 10% of their fundraising efforts is to be kept in the Gipp’s Guide bank account for their […]

    Pingback by Ours2share's Blog | May 2, 2010 | Reply

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