SF Bay Area Council (SFBAC) L50 Training Treasurer And Secretary Sachin Desai Santa Clara Valley...
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Transcript of SF Bay Area Council (SFBAC) L50 Training Treasurer And Secretary Sachin Desai Santa Clara Valley...
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SF Bay Area Council (SFBAC)L50 Training
Treasurer And Secretary
Sachin Desai Santa Clara Valley Section 2013 Treasurer
Mountain View, CA January 26th, 2013
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L50IS A
PROCESSTreasurer Secretary
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Jan to Feb
70% Treasurer
Jan to Feb
30%Secretary
Year Long
50%Treasurer
Year Long
50% Secretary
Commitments
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•Chapter Financial Strategy•Chapter Budget Responsibility•Chapter L-50 Report Submission
Treasurer’s Responsibilities
MGA Operations Manual, Section 9http://www.ieee.org/documents/section_09_10_november_2012.pdf
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• Chapter Meeting Minutes• Chapter New Officer Report• Chapter L31 Reports
Secretary’s Responsibility
MGA Operations Manual, Section 9http://www.ieee.org/documents/section_09_10_november_2012.pdf
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Treasurer Transition
OUTGOING TREASURER
• File 2012 L50s by Feb 15th, 2013• Transfer Records To New Treasurer
• Checks• Check Register• Banking Supplies
• CBRS Deposit Stamp• CBRS Deposit Slips• CBRS Deposit Envelopes
• Provide 1099/W9 To Section
INCOMING TREASURER
• File CBRS Signatory Card with HQ• Request 2013 Credit Card• Plan and Get Yearly Budget Approved• Ensure Two Signatories for Account
• Local account += Thomas Lynch
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Deadlines
Jan 18th
Jan 31st
Feb 15th
1099 Forms
Taxable Payments to Individuals for Service
Bank Account Disclosure Form
Non CBRS Accounts
L50 Forms
Delivered to Section Treasurer
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So what is an L50 Process?
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So what is an L50 Filing?
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CBRS vs. Local Banks
CBRS Makes Your Life
Easier
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L50EZ vs. L50 STD
Do Any Of These Criteria
Fit Your Chapter?Then you CANNOT
use L50-EZ
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Example L50-EZ
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Example L50-EZ
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Common Account Codes
SECTION WEB SITE‘Chart Of Accounts File’
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Year End Register
Assign Expenses and
Revenue to Account
Codes
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Balance RegisterCheck Bank
Register Against L50 Entries. If
Balanced, You Are Done
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Remember …What Why How
IEEE Technical Meeting Member Attendees
Used In Rebate Calculations
Maintain Accurate Sign Up Sheets At Meetings
6 Technical Meetings Per Year
Used In BonusCalculations
Greater The Chapter Activity, Greater The
Benefit
L31 Entries Track “Dead or Alive” Chapter Status – Less
Than 2 Technical Meetings (3 Years In Row)
Ensure Secretary Makes vTool Entries
Timely L31 Entries Only Way For Section Treasurer To Calculate
Aforementioned Rebates And Bonuses
Ensure Secretary Makes vTool Entries
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WebEx Sessions
“Ask Your Section Treasurer”Monthly Online Conversations
First Session Wednesday, 30th 2013
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Q&A