American Legion Emblem

Finance

            

 

The Finance Committee oversees the general financial policy of the organization, subject to the ratification of the Department Executive Committee.  We then must supervise the expenditures of the budget.  The deadline for all obligations to be paid is October 20th which includes membership.  Without Units paying in a timely matter, it makes it hard on the Department.  Be assured that the Finance Committee will endeavor to watch over the Department finances with tolerance and caution spending only with the best interest of our organization in mind.

 

Each Unit needs to prepare a budget so that your anticipated income doesn’t exceed your expenses.  It’s also wise to allow a reserved amount in the planned budget for any emergency that may arise during the year.  Remember a budget is a guideline.

 

By planning and preparing a good budget and adhering to it wisely, Units will be in a position to offer veterans and their families the assistance which they so deserve as well as giving their best for the success of all of the ALA programs.

 

An establishing financial policy for our organization is for separate accounting of general and welfare funds.  Welfare funds consist of poppy monies and are used only for the direct benefit of the veterans and their family.

 

Remember the basic rules of the ALA finances is an ANNUAL AUDIT and FILE YOUR 990.   The Form 990 must be complete each and every year to stay compliant with IRS to maintain nonprofit tax-exempt status.  All units, counties and districts must file every year!  Appoint an auditing committee and have them audit the treasurer’s books in a timely matter.

 

Blanket security bond covers all officers, members and employees of Units, Counties and Districts of the ALA.  It doesn’t cover loss, burglary or mysterious disappearance, but covers loss through theft, forgery, dishonesty, etc.  The cost is an obligation of $5.75.

 

Extra donations are always welcomed and a contribution form is published on the web site.  Please feel free to donate to any of the programs like Auxiliary Emergency Fund, Girls State, Junior Camp, Veterans facilities in Des Moines, Iowa City, Iowa Veterans Home, Omaha or Sioux City.  Please send ALL MONETARY contributions including gift cards to the Department office.  Please make sure it’s clearly earmarked.

 

It’s time to renew your GOLD CLUB membership.  Members pay $50.00 per year.  This money is used to support and enhance our ALA programs.  New members receive an attractive Gold Club pin and all members are recognized at the Department Convention.

 

In addition to overseeing the finances of the Department, the Department Finance committee is here to assist units.  We want our veterans to feel that they are receiving our race to arrive at the finish line as we continue towards our 100th anniversary.  The “America Runs Free because of those who served our country” deserves everything that the American Legion Auxiliary’s Mission asks us to do.  We must show the Veterans we care!

 

Linda Sue Mullen, Chairman                     Department President Vickie Klinkhammer

111 So 2nd Street #610                               Executive Director Marlene Valentine

Keokuk 52632

319-524-6860           lindasue39@mchsi.com

 

 

Mary Jo Berning, Member                          Department Parliamentarian Diana Shadduck

302 Corning Street                                      Vice President Mary Sebben

Arcadia 51430                                              attends all meetings without a vote

712-689-2239           berning0506@netins.net

 

 

Dawn Aberle, Member

5958 Dix Road

Coggon 52218

319-213-1018           wwnme2@msn.com

 

 

VETERANS

FINANCE PROGRAM ACTION PLAN 2017-2018

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