Sigma Pi Finances

Long-term Goal (1): Both the active Beta Psi Chapter and the Beta Psi Housing Association will make all payments on time to accounts payable (i.e., PNC bank) and operate consistently in positive financial territory.
Format
Business Strategies
Person(s) Responsible
Date Accomplished

1. Develop an annual budget for the chapter and housing association. Identify accounts that have passed due balances. Collect outstanding accounts and/or send letters of notice.

Active Treasurer
Alumni Treasurer
Active Secretary
Alumni Secretary


2. Review and adjust, if needed, the present membership dues and rental charges.

Active Treasurer
Alumni Treasurer
Active President
Alumni President


3. Explore the possibility of changing the Articles of Incorporation to stock offering. Establish the applicable rules and regulations.

Alumni Treasurer
Alumni President
Alumni Vice-President
Alumni Secretary


4. Establish a Pay pal’s account (this will allow brothers who are cash-strapped to pay using credit cards)

Active Treasurer
Alumni Treasurer


5. Obtain a tax-exempt status, if not established. Utilize tax-except status with purchases and utilities.

Alumni President
Active President


6. Establish a fund-raising committee to develop and implement plans to increase donations. Plan activities for homecoming.

Alumni Vice-president
Chairman of Committee


7. Develop a means to communicate financial information to the brotherhood at least twice per year.

Alumni Treasurer