ARVP Finance Update Fall 2022 - Financial Reports, Audits, and Chapter Banking Details
Stay informed with the ARVP Finance Update for Fall 2022 covering insights on audits, financial reports, treasurers, chapter banking, and more. Get a comprehensive overview of the financial activities and responsibilities within the region, ensuring transparency and compliance.
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Presentation Transcript
ARVP Finance Update Fall 2022 ROC Meeting Region I ASSP Jon Johanson, MBA, CSP, ARM
Overview Audits Financial Reports Chapter Banking Region One Income Statement
Audits Chapter & Section Treasurers Treasurer Audit When ? April June (or as requested) Who are the Auditors ? Financial Audit Committee When Audit is Completed Chapter advises Area Director Area Director advises Regional VP
Audit Committee Incoming Chapter President Current member of the Executive Committee Except the Treasurer and President Chapter member(s)
Chapter Dues Report to Society If your Chapter votes to increase dues for the upcoming chapter year, then Submit by March 1 to ASSP Chapter Services
Financial Reports Chapters & Sections Monthly & Annual May 31 Prepared by - Treasurer or outside resource Your Tools Excel or software Back-up of Files Portable drives, Cloud, Google Drive When Treasurer changes / leaves
Annual Fiscal Year Ends March 31, 2023 Chapter Annual Financial Report - due May 31, 2023 Section s numbers - included in Chapter s Report Upload a copy to Society Copies to your AD and RVP
Chapter Banking Protect your Passwords Documentation Banks / Financial Institutions Your state registration as a Foreign Corporation Annual Reports your State Filing Tax Reporting Local, State & Federal
American Society of Safety Professionals Region 1 Operating Committee April 30, 2022 - August 31, 2022 INCOME STATEMENT REVENUES (Cash Receipts) Dues $7,086 REVENUE (Total Receipts) $7,086 EXPENSES (Cash Disbursements) ROC Mtg. Room Travel Service Recognition Gifts and/or Awards 1,210.47 1,126.00 425.96 EXPENSES (Total Disbursements) $2,762.43 $4,323.57 NET INCOME (Excess Receipts over Disbursements)
Looking Back Audits Financial Reports Chapter Banking Region One Income Statement Questions
