Transcript Finance report Howard university alumni association

FINANCE REPORT
HOWARD UNIVERSITY ALUMNI ASSOCIATION
SUBMITTED BY DAWN M. COOPER, V. P. OF FINANCE
SEPTEMBER, 2014 EXECUTIVE COMMITTEE MEETING
AGENDA
 Available Budget, May, 2014
 Revenues and Expenses through July, 2014
 Updates to financial projects
 Proposal
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AVAILABLE BUDGET
AS OF MAY, 2014
$114,774.81
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FY 2014-2015 THROUGH JULY 1 THROUGH JULY 31, 2014
REVENUE
Membership Dues Paid
TOTAL REVENUE
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1-Year (34)
$1190.00
3-Year (2)
$210.00
$1400.00
FY 2014-2015 THROUGH JULY 1 THROUGH JULY 31, 2014
EXPENSES
EXPENSE ITEM
LINE ITEM IMPACTED
AMOUNT
Kristen Clark-Region 1 Chair (BOV)
Region 1
$1000.00
Monique Martin- Region III CU President
Region CU President May Alumni
Council Travel
$440.38
Shellece Earles- Region I CU President
Region CU President May Alumni
Council Travel
$208.00
Kristen Clark-Region 1 Chair
Region 1
$157.99
Kristen Clark-Region 1 Chair
Executive Committee Members
Travel
$481.33
50th Anniversary Summer Soiree
Miscellaneous
$1025.00
TOTAL
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$3689.08
REVENUES BY CATEGORY: FY ‘13-FY ’14
THROUGH JANUARY, 2014
REVENUES BY CATEGORY
Memberships-3
Year, $210
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, $-
Memberships-1
Year, $1,190
TOP 5 AREAS OF SPEND
FY ‘13-FY ‘14 THROUGH JANUARY 2014
Expenses By Line Item
July 1-July 31, 2014
$481
$1,025
$1,158
$440
$208
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Executive Committee Meetings--Members' Travel
Region I
Region I-CU Pres. Council Meeting Travel
Region III-CU Pres. Council Meeting Travel
Miscellaneous
UPDATE: PROJECT 2014
BUILDING 1ST YEAR ALUMNI MEMBERSHIP INTO GRADUATION FEE
 PASSED AT THE MAY, 2014 COUNCIL MEETING
 WAITING ON APPROVALS FROM HOWARD ADMINISTRATION
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UPDATE:
“HANDS ACROSS HOWARD*” CAMPAIGN
 Passed at the May, 2014 Council Meeting
 Agreement being reviewed by Howard legal team
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PROPOSAL:
HUAA GIVE BACK FOR CONSTITUENT UNITS
 WHAT

Develop “give-back” to HU for all constituent units
 HOW

Constituent units give 10-15% of their event profits to HUAA
 WHO BENEFITS

Emergency Scholarship Fund
 HOW REPORTED

With event reports submitted to region chair
 HOW DISBURSED

Either via Constituent Unit or Directly from Howard Bank Account
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