Budgeting 101 - Prince Hall Grand Lodge of Maryland

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Most Worshipful Prince Hall
Grand Lodge
Free and Accepted Masons
Maryland and Jurisdictions, Inc.
Most Worshipful
Melvin M. Thorpe
Grand Master
Most Worshipful Prince Hall
Grand Lodge
Free and Accepted Masons
Maryland and Jurisdictions, Inc.
MW Melvin M. Thorpe, Grand Master
RW James Lundy, Grand Inspector
RW Stanley E. Jordan, Deputy Grand Inspector
RW Stephen B. Bush, Deputy Grand Inspector
Most Worshipful Prince Hall
Grand Lodge
Duties of the Grand Inspectors
The Grand Inspectors shall have the responsibility of
inspecting and reporting on the overall operation of all
Constituent Lodges, concentrating most of his concern on
their administrative procedures.
 He shall periodically visit each Constituent Lodge in the Grand
Lodge for the purpose of inspecting Lodge records and records
keeping.
 He shall ascertain that each Lodge in the jurisdiction is following
established procedures in reporting of monies to the Grand
Secretary.
 He shall at each Annual Communication of the Grand Lodge
make a report of his findings and recommendations.
Most Worshipful Prince Hall
Grand Lodge
FINANCIAL PLANNING
Most Worshipful Prince Hall
Grand Lodge
All Lodges Should Be
Operating From A Budget
To Develop a Budget Requires Financial Planning
- Financial Planning Includes Evaluating
• Income
• Expenses
• Managing Your Financial Plan
Most Worshipful Prince Hall
Grand Lodge
Definition
Income – The amount of money received
during a masonic year.
Expense – The cost involved in some activity;
a price.
Most Worshipful Prince Hall
Grand Lodge
• Dues
• Fundraisers
• Donations
• Lodge Assessments
Most Worshipful Prince Hall
Grand Lodge
Expenses
• Annual Maint. Tax
$ 35.00 per mbr
• Per Capita Tax
$ 21.00 per mbr
• Scholarship
$ 10.00 per mbr
• Charity Fund
$ 6.00 per mbr
• GL Raffle Tickets
$ 30.00 per mbr
• CHIPS Program
$ 5.00 per mbr
• Magazine Subscription
$ 9.50 per mbr
$116.50 per mbr
Addtl fees - Raised/Healed Brothers
$ 70.00
Registration Fee (Per Officers) $150.00
Renovation Fee
$100.00
Most Worshipful Prince Hall
Grand Lodge
Budget
Define Your List of Priorities
MUST
SHOULD
WANT
G. L. Assessments
Charity
Fraternal Support
Facility Fees
Community Service
Social Affairs
Insurance
Bond
Most Worshipful Prince Hall
Grand Lodge
Semi-Annual
1 Nov – 30 April
• Per Capita Tax
• Maintenance Tax
Possible Addtl Fees: Raised/Heal Fee
Charity Fund
$70.00
$ 6.00
Most Worshipful Prince Hall
Grand Lodge
Annual
1 May – 31 October
• Maintenance Tax
• Per Capita Tax
• Scholarship
• Raised/Healed Brothers
• Charity Fund
• Registration
• CHIPS Program
• Magazine Subscription
Most Worshipful Prince Hall Grand Lodge
TREASURER’S REPORT
Activity For September 1 Through September 30, 2010
Checking Account
Beginning Balance, September 1, 2010………………………………………….……………$1,328.09
Deposit No. , September 1, 2010……………………………… .. 1,800.00
Deposit No. , September 15, 2010………………………………….200.00
Beginning Balance + Deposit……………………………….………………………...…. 3,328.09
Deduct - Disbursements:
1.) 1348
My Lodge#1 (Rent)
65.00
2.) 1349 Bro. Johnson (Flowers)
28.95
3.) 1350 My Lodge#1 (Rent)
65.00
4.) 1351
Bro. Adams (Repast)
101.81
5.) 1352
Stan Jordan (Donation)
420.00
Total Deduct - Disbursements……………………………….…………………..………. - 680.76
Ending Checking Account Balance, September 30, 2010..……………………………..... $2,647.33
Less Set Asides
Registration Annual Session (5 x $150.00)…………………….. 750.00
Trustee Maintenance Tax ( 21 x $35.00)…………………..…….. 315.00
GL Per Capita Tax ( 21 x $21.00)…………..………………...…… 189.00
Scholarship Fund (21 x $10.00)……………………………………. 90.00
Raised/Healed ( x $70.00)………….………………..………………... 0.00
Reinstated ( x $60.00)...……………………………...………………... 0.00
Charity Fund (21 x $6.00)………………………………………….… 54.00
Newspaper (21 x $9.50)……………………………………………… 54.00
Temple Renovation Fund ( x $100.00)……………………………… 0.00
Old Building Fund ( x $150.00)………………………………………. 0.00
Entity Fee ($22.00)……………………………………………………. 22.00
Master Mason Ball……………………………………………………… 0.00
Fraternal Assistance……………………………………………………0.00
Total Set Aside Funds………………………………………………………………………………. - 1,474.00
Net Operating Balance Checking Account, September 30, 2010..……………………..…… $1,173.33
Most Worshipful Prince Hall
Grand Lodge
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