LMCP_Lodge Finance

lodges might also have accumulated surplus funds and maintain them in an investment portfolio. Income from a hall or investments can defray the costs of current operations. Often times, these assets were accumulated from earlier members of the lodge or another lodge through consolidation.

According to the California Masonic Code (CMC), a lodge may receive financial support from the following sources.

• Dues • Degree and affiliation fees • Life membership income • Investment income

• Revenue from a hall association • Contributions from its members

13

Made with FlippingBook - Online magazine maker