LCMP_Lodge_Administration

lodge (this information is captured either in lodge minutes or on an order sheet) • Keeping a set of books for all payments received and disbursements made (income and expenses) • Keeping a list of liabilities: money that must be paid out (bills) and debts • Keeping a list of assets, including all lodge property and paraphernalia, for insurance purposes In February, after books have been finalized for the previous calendar year and the new master's term has begun, the treasurer must deliver an annual report of lodge finances for the preceding year. In August, he must deliver a semi-annual report to the lodge on its financial holdings and how income and expenses compare to the year’s budget. Annually the treasurer files the Form 990 and 199 to the government by May 15. This task may also be performed by the Grand Lodge Financial Services, if the lodge is using Intacct and requested by the lodge.

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