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Finance

2008-2009
Finance
Chairman: 
Irene Tanner - 3 yrs
Mary Lou Platt - 2 yrs
Regina Harris - 1 yr

All Unit & County Finance Chairmen

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In order to insure the success of our programs both on the Unit and County level, the Finance Committee must take the responsibility of seeing that you have sufficient funds to carry out the programs
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The Finance Committee sets up a balanced budget based on anticipated income for the year.  As Finance Chairman you are also responsible for overseeing the duties of the Treasurer who is entrusted with the receipt, care and disbursement of funds. 
 

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Remember monies are to be kept in two accounts.  The General Fund consists of all monies from dues and fundraisers and is used for all general and committee expenses.  The Welfare Fund includes funds received from distribution of poppies and can only be used for VA&R, Children and Youth and Scholarships for children of veterans.  The monies may be in one bank account but the Treasurer must keep separate records of each account.
 

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The Unit and County Treasurer should have their books up to date at all times and available at all meetings.
 

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It is the responsibility of the Finance Committee to guard against unauthorized spending and remember any funds raised or contributed for a special project must be used for that purpose.  It cannot be used on other programs.
 

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The mandatory taxes are $5.00 Department Day Fund and $5.50 Bonding.  They are due NOW and a vote is not required for payment of the taxes. 
 

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The Senior dues are $11.80 and Junior dues are $4.00.  The dues are sent by the Unit directly to the Department Treasurer.
 

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The checks for Poppy Orders are made payable to the Treasurer, Department of N.Y. and mailed with the Poppy Order form to the Poppy Chairman.  It is not necessary for this check to go through the County Treasurer.  It is permissible to use Poppy Funds to pay for your Poppy Order.
 

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All checks for Empire Girls State are made payable to the County Treasurer who in turn will issue one check for tuition of all girls in the County.  The County check is to be made payable to the Treasurer, Department of N.Y. and mailed to the Vice Chairman of Empire Girls State.  Poppy Funds cannot be used for Empire Girls State.
 

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Other checks are sent to the County Treasurer who makes one check for all the Units in the County and forwards with a remittance sheet to the Department Treasurer.
 

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Please mark clearly what the check is for and the Units who are contributing. Please do not hold checks, send at least monthly.
 

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We are continuing the Lottery Calendar Fundraiser. The calendars are $20.00 each with 365 chances to win. Don’t forget the calendars make great gifts. Each District President has a supply. The additional money received from the sale of the calendars allows the Department to have the 800 phone number (800-421-6348) and the fax machine (518-449-5406).

Complete instructions will be forwarded for filing form 990 (if gross receipts are more than $25,000) or file electronically form 990n (if gross receipts are $25,000 or less). This filing is necessary in order to maintain the tax exempt status. 

Click on the following link for instructions on how to file form 990n  electronically Form_990n You may visit www.irs.gov  for updated information.

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Unit Audit Data Form

Our Department Office has been advised that in order to comply with the latest IRS Regulations, each Unit in the Department is required to complete the following  Unit Audit Data Form

Please submit as soon as possible. All forms must be in the Department Office by December 31, 2008.

Please feel free to call the Department Treasurer or Finance Chairman if you have any questions on Finance.  Since Finance is a non-reporting Committee, please do not feel you cannot report any special fundraisers, projects, etc. the committee would enjoy hearing from you. 

Irene Tanner, Finance Chairman
Email
:
Irene Tanner 3 yr 
 
Mary Lou Platt  2 yr member,  
Regina Harris  1 yr 
member

Unit Audit Data Form 

 

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Department Office
Telephone:
 1-800-421-6348 (518) 463-1162   FAX: 518-449-5406
112 State Street, Suite 1310, Albany, NY 12207
Secretary/Treasurer Juanita Lochner

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anniev8@verizon.net

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