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    Budget Amendment For FY2017

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    Delta Phi Lambda Foundation
    The resolution amends the budget for the Delta Phi Lambda Foundation for 2017. It summarizes revenues and expenditures for each fund and increases some line items to balance the budget. The Board of Directors approved the amended budget on August 5, 2017.

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    © All Rights Reserved
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    Budget Amendment For FY2017

    Uploaded by

    Delta Phi Lambda Foundation
    426 views4 pages
    The resolution amends the budget for the Delta Phi Lambda Foundation for 2017. It summarizes revenues and expenditures for each fund and increases some line items to balance the budget. The Board of Directors approved the amended budget on August 5, 2017.

    Original Description:

    The amended budget for the year ending on December 31, 2017 of the Delta Phi Lambda Foundation.

    Original Title

    Budget Amendment for FY2017

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    © © All Rights Reserved

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    The resolution amends the budget for the Delta Phi Lambda Foundation for 2017. It summarizes revenues and expenditures for each fund and increases some line items to balance the budget. The Board of Directors approved the amended budget on August 5, 2017.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    426 views4 pages

    Budget Amendment For FY2017

    Uploaded by

    Delta Phi Lambda Foundation
    The resolution amends the budget for the Delta Phi Lambda Foundation for 2017. It summarizes revenues and expenditures for each fund and increases some line items to balance the budget. The Board of Directors approved the amended budget on August 5, 2017.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    RESOLUTION TO AMEND BUDGET

    A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND


    AND AMENDING A BUDGET FOR THE DELTA PHI LAMBDA FOUNDATION, FOR THE
    CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY 2017, AND ENDING
    ON THE LAST DAY OF DECEMBER, 2017.

    WHEREAS, Executive Director Lillie Madali, has submitted an amended budget to this
    governing body on August 5, 2017, for its consideration, and;

    WHEREAS, revenue is set aside for required reserves for the following fiscal year, and;

    WHEREAS, whatever increases may have been made in the expenditures, like increases
    were added to the revenues or planned to be expended from reserves/fund balances so
    that the budget remains in balance.

    NOW, THEREFORE, BE IT RESOLVED BY THE OF THE BOARD OF DIRECTORS OF


    THE DELTA PHI LAMBDA FOUNDATION:

    Section 1. That the budget as submitted, amended, and summarized by fund, hereby is
    approved and amended as the budget of the Delta Phi Lambda Foundation for the year
    stated above.

    Section 2. That the budget hereby approved and amended shall be signed by and made
    a part of the public records of the Delta Phi Lambda Foundation.

    ADOPTED, this 5th day of August, 2017.




    Madali (Aug 7, 2017)
    Lillie Aug 7, 2017
    Board Chair Date

    Hannah Seoh (Aug 8, 2017) Aug 8, 2017


    Board Vice Chair Date

    Nyla Lieu (Aug 8, 2017)


    Aug 8, 2017
    Board Vice Chair Date

    Quocanh Nguyen (Aug 8, 2017) Aug 8, 2017


    Board Vice Chair Date
    Whitney Newton
    Whitney Newton (Aug 8, 2017) Aug 8, 2017
    Board Secretary Date


    Amended Budget
    For the Year Ending in December 31, 2017

    Expenses FY17 FY17 FY17 FY17 FY17 Percentage
    Proposed Proposed
    Unrestricted Restricted Adopted Actual Revised Change

    Contracted services
    ..Bank service fees 30.00 - 30.00 44.00 44.00 47%

    ..Web hosting 24.95 - 24.95 24.95 0%

    ..Web service 192.00 - 192.00 192.00 192.00 0%


    ..Fundraising expenses - - - - -

    Travel

    ..AFLV Central Conference - - - - -


    ..National Convention Travel/Hotel 1,600.00 - 1,600.00 425.00 1,675.00 5%

    Administrative

    ..State incorporation fees 30.00 - 30.00 30.00 30.00 0%


    ..Board retreat 250.00 - 250.00 - - -100%

    ..Supplies and Printing 200.00 - 200.00 261.48 261.48 31%

    Scholarships and awards


    ..AFLV Central Scholarship 1,172.21 - 1,172.21 1,172.21 1,172.21 0%

    ..Academic Excellence Scholrsp 1,000.00 - 1,000.00 - 750.00 -25%

    ..Alumnae Scholarship 1,000.00 - 1,000.00 - 750.00 -25%

    ..Internships - - - -

    ..Restricted Funds Pilot - Ga Tech - 2,000.00 2,000.00 - 1,500.00 -25%

    Total 5,499.16 2,000.00 7,499.16 2,124.69 6,399.64 -15%

    Administrative Expenses 42% 0% 31% 45% 35% 12%

    Program Expenses 58% 100% 69% 55% 65% -6%

    Revenue Scenario

    Starting Balance 1,213.31 - 1,213.31 1,213.31 1,213.31 0%

    ..Amazon Smile 75.00 - 75.00 26.89 26.89 -64%

    ..Event Revenue 200.00 - 200.00 - - -100%

    ..Individual Giving 2,000.00 - 2,000.00 1,181.00 1,181.00 -41%

    ..Corporate Giving 900.00 - 900.00 3,200.00 3,200.00 256%

    ..Sorority Contribution 1,500.00 - 1,500.00 - 750.00 -50%

    ..Restricted Funds - 2,000.00 2,000.00 1,518.60 1,518.60 -24%

    Total 5,888.31 2,000.00 7,888.31 7,139.80 7,889.80 0%

    Net 389.15 - 389.15 5,015.11 1,490.16 283%


    budget_amendment_v2
    Adobe Sign Document History 08/08/2017

    Created: 08/07/2017

    By: Lillie Madali (lillie.madali@gmail.com)

    Status: Signed

    Transaction ID: CBJCHBCAABAAaXtxipgqf3GmAwlTRY5-cucfB3F9C8W4

    "budget_amendment_v2" History
    Document created by Lillie Madali (lillie.madali@gmail.com)
    08/07/2017 - 10:52:58 PM EDT- IP address: 73.82.88.255

    Document emailed to Lillie Madali (lmadali@dphilfoundation.org) for signature


    08/07/2017 - 10:57:22 PM EDT

    Document emailed to Hannah Seoh (hseoh@dphilfoundation.org) for signature


    08/07/2017 - 10:57:22 PM EDT

    Document emailed to Whitney Newton (wnewton@dphilfoundation.org) for signature


    08/07/2017 - 10:57:22 PM EDT

    Document emailed to Quocanh Nguyen (qnguyen@dphilfoundation.org) for signature


    08/07/2017 - 10:57:22 PM EDT

    Document emailed to Nyla Lieu (nlieu@dphilfoundation.org) for signature


    08/07/2017 - 10:57:22 PM EDT

    Document viewed by Lillie Madali (lmadali@dphilfoundation.org)


    08/07/2017 - 11:18:06 PM EDT- IP address: 66.249.88.12

    Document e-signed by Lillie Madali (lmadali@dphilfoundation.org)


    Signature Date: 08/07/2017 - 11:19:01 PM EDT - Time Source: server- IP address: 73.82.88.255- Signature captured from device with
    phone number XXXXXXX0061

    Document viewed by Quocanh Nguyen (qnguyen@dphilfoundation.org)


    08/07/2017 - 11:59:41 PM EDT- IP address: 66.249.88.18

    Document e-signed by Quocanh Nguyen (qnguyen@dphilfoundation.org)


    Signature Date: 08/08/2017 - 0:00:24 AM EDT - Time Source: server- IP address: 166.82.94.250
    Document viewed by Whitney Newton (wnewton@dphilfoundation.org)
    08/08/2017 - 1:23:45 PM EDT- IP address: 66.249.80.3

    Document e-signed by Whitney Newton (wnewton@dphilfoundation.org)


    Signature Date: 08/08/2017 - 1:24:05 PM EDT - Time Source: server- IP address: 38.122.112.34

    Document viewed by Nyla Lieu (nlieu@dphilfoundation.org)


    08/08/2017 - 3:10:41 PM EDT- IP address: 66.249.88.15

    Document e-signed by Nyla Lieu (nlieu@dphilfoundation.org)


    Signature Date: 08/08/2017 - 3:11:20 PM EDT - Time Source: server- IP address: 198.137.20.117

    Document viewed by Hannah Seoh (hseoh@dphilfoundation.org)


    08/08/2017 - 10:21:47 PM EDT- IP address: 66.249.88.137

    Document e-signed by Hannah Seoh (hseoh@dphilfoundation.org)


    Signature Date: 08/08/2017 - 10:22:26 PM EDT - Time Source: server- IP address: 24.46.212.5

    Signed document emailed to Whitney Newton (wnewton@dphilfoundation.org), Nyla Lieu


    (nlieu@dphilfoundation.org), Lillie Madali (lmadali@dphilfoundation.org), Hannah Seoh
    (hseoh@dphilfoundation.org), and 2 more
    08/08/2017 - 10:22:26 PM EDT

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