AGM Financial Review Agenda

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AGM Financial Review Agenda

AGM – Financial Review 

 
All IWP regular members are invited to attend the International Women in Portugal Annual General Meeting Financial Review.

Wednesday 24th March, 2021 at 2pm
via this Google Meet link: twj-cnbq-nsh 

AGENDA

1. Welcome;
2. Apologies for absence;
3. Reading of minutes of the last general meeting;
4. Discussion of the 2020 accounts;
5. Presentation and discussion of the proposal of the revised annual Budget for 2021:

 
International Women of Portugal
Budget to Actual Comparison with Variance
For the Year Ending December 31, 2020
           
 REVENUES    Projected   Actual   Variance 
  Membership Dues  € 8,000 € 7,355 (€ 645)
  Excursion Contributions           4,000               51       (3,949)
  Events             2,000             900       (1,100)
  Interest Income                10                 2              (8)
  Other                200            (200)
 Total Revenues        14,210       8,308     (5,902)
           
           
 EXPENSES         
  Excursions         6,000       (6,000)
  Events                   –                   –  
    Appreciation Dinner         1,200       (1,200)
    Christmas Lunch            250           (250)
    Open Day         1,000          111         (889)
    Meetings/Events         2,000          509     (1,491)
    Cultural Events             500          413           (87)
    Volunteer Meeting             200           (200)
    Community Involvement             200           (200)
  Executive Expenses             500          180         (320)
  Accountant         1,000          880         (120)
  Legal Fees         2,500       3,101           601
  Website Development         5,000       5,160           160
  Website Maintenance         1,200       1,598           398
  Marketing         1,000          269         (731)
  Community Involvement                 –            129           129
  Office Supplies/Postage         1,000          792         (208)
  Activity Subsidies            300            20         (280)
  Bank Charges              60            76             16
  Annual Fee                 –                   –  
  Miscellaneous             300             (300)
Total Expenses        24,210      13,237      (10,973)
Net Revenue less Expenses    (€ 10,000) (€ 4,928) € 5,072
International Women of Portugal
Projected Budget
For the Year Ending December 31, 2021
       
 Revenues     
  Membership Dues € 6,000
  Excursion Contributions  
  Events    
  Interest Income  
  Other    
  Total Revenues                                                             6,000
       
 Expenses     
  Excursions  
  Events    
    Appreciation Dinner  
    Christmas Lunch  
    Open Day  
    Meetings/Events           600
    Cultural Events  
    Volunteer Meeting  
    Charity Events  
  Executive Expenses           200
  Professional Fees        2,600
  Website Development  
  Website Maintenance        4,300
  Marketing  
  Community Involvement  
  Office supplies/postage           300
  Activity Subsidies  
  Bank charges  
  Annual fee  
  Miscellaneous  
       
  Total Expense                      8,000
Net Income (Expense ) (€ 2,000)
       
Cash Balances   
       
  Checking € 5,800
  Savings                       24,000
  Petty Cash                          200
  Total Cash € 30,000
       
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