Treasurer Calendar

MONTH	KEY ACTIONS
January	* Begin preparing the budget for the coming financial year. * Complete the Annual Financial Statement ready for independent examination and presentation at the Annual Meeting.
February	* Look out for the Berkshire Federation Subscription Pack, which will be sent to your WI's Microsoft 365 email account. The pack contains subscription rates, payment dates and guidance for the new membership year.
March	* Present the independently examined Financial Statement and the proposed budget at the Annual Meeting. * Pay Berkshire Federation the NFWI and Federation share of subscriptions for members joining between January and March.
April	* Begin collecting subscriptions for the new membership year. * Liaise with your MCS Representative to ensure new members are added, lapsed members are removed and subscription payments are recorded correctly.
May	* Submit the independently examined Financial Statement to Berkshire Federation (if you have not already done so).
June	* Pay the annual insurance premium when advised. * Pay Berkshire Federation the NFWI and Federation share of subscriptions for members joining between April and June.
July	* Review income and expenditure against the budget and report to the committee.
August	* Begin considering next year's activities and likely budget requirements.
September	* Pay Berkshire Federation the NFWI and Federation share of subscriptions for members joining between July and September.
October	* Begin preparing for the year end by ensuring the accounts are up to date and all bank reconciliations have been completed.
November	* Request an Independent Financial Examiner through the Berkshire Federation IFE Scheme by the end of the month (if required).
December	* Close the accounts at 31 December. * Complete the final bank reconciliation. * Pay Berkshire Federation the NFWI and Federation share of subscriptions for members joining between October and December, ideally before the Christmas office closure.
Throughout the Year	* Keep the Account Book up to date. * Reconcile the bank account regularly, ideally every month. * Present a financial report at each committee meeting. * Report the WI's financial position to members at least quarterly. * Bank cash and cheques promptly. * Retain receipts and supporting documentation for all income and expenditure.