LMCP_Lodge Finance

year should be done early in the prior year. This will give time for the income and expense planning to be refined. An early start is also necessary if a lodge needs to increase its dues or fees to fund the budget. The senior warden, or the brother who will serve as master in the next fiscal year, should lead the development of the budget for the next fiscal year. Below is a recommended timeline for the finalization of the lodge budget.

February

Using the annual financial report presented at the February stated meeting, review the actual lodge expenses from the previous year. Adjust the multiyear plan, if necessary.

Discuss with the Master, Secretary, and Treasurer the strategic plan of the lodge to determine the financial needs for the following fiscal year, as reasonably as possible.

Review the secretary’s annual report from the February stated meeting and estimate the lodge membership

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