Budget
Towards the end of each fiscal year, the Executive Committee prepares
a budget for the following year which is presented to the Board of
Governors for approval at their spring meeting. This budget guides
the spending and activities of the society, and may be modified by
the Board at subsequent meetings.
Operating Fund Year-to-Date Report
The current years Finances are a moving target. At the end of each
month, the finance committee produces a Fiscal Year-to-date report
which provides each officer with a snapshot of how his or her
department is performing against the budget. This report covers only
accounts which are tracked through the NSS Office. Data regarding
conventions, NCRC activities, and other miscellaneous activities are
not included. The most recent YTD Report is posted on the website.
For most line items, the "Budget Year to Date" column reflects the
anticipated expenditure of 1/12 of the budgeted item each month.
However, in cases where expenses occur unevenly throughout the year,
"Budget Year to Date" may be determined by the actual anticipated
expense patterns. If the budget is amended by the Board during the
year, the "Approved Budget" column is not changes, but the "Budget
Year to Date" column reflects the adjustment.
Secretary Treasurer Reports
The Secretary Treasurer prepares a report for each NSS Board of
Governors meeting. These reports detail the Secretary-Treasurer's
activities, activities within the department, and also provide
financial reports. Typically, these reports are posted roughly a
month before each meeting, and then updated after the meeting.
For older Secretary-Treasurer Reports, see the
Minutes of Previous
Board of Governors Meetings.