LMCP_Lodge Finance

Revenue from the Hall Association

The Internal Revenue Service and the CMC requires a hall association to annually turn over to the lodge (or owners) all of its revenue less expenses, retaining three months operating expenses. The lodge must decide what to do with funds when received. The decision should be made at a stated meeting after consultation with the hall association. A lodge may have a standing policy governing the use of hall dividends. If not, normally, a lodge will set aside the funds for the

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