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It presents a 2017/2018 budget versus actuals covering revenue, expenses, net revenue, and net assets, then details implementation procedures including board oversight, outsourced accounting support, monthly tracking, and bank 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musical Come from Away.  \nAfter centuries of making a living and raising families in a harsh ocean environment-a place referred to by many as “The Rock” -we have a work ethic known throughout the world and a culture that embodies the human spirit with warmth, creativity and humility.  \nIt is in this environment-on the rugged rocks of the North Atlantic-that our small chapter thrives – bobbing and weaving with the economy that fluctuates with commodity prices and outmigration of our people who have gained a footing in business, industry and the arts throughout Canada and the world.  \nHere at home, our dedicated board of directors at IABC NL are helping to advance the profession, create connections, and develop strategic communicators in our province.  \nWe are proud of our approximately 65 members who are the professional communicators at the heart of every organization and shine brightly throughout IABC nationally and internationally.  \nWe continue to learn so much from our IABC colleagues and we are delighted to have the opportunity to present our work through the Chapter Management Awards Program.  \nThis submission describes our approach to financial management.  \nGOALS AND OBJECTIVES  \nOur main goals from a financial management perspective are to ensure accountability and transparency to members and to maintain a healthy bank balance.  \nMore specifically, our objectives are to:  \n• Ensure accountability and transparency of our chapter by developing an annual report and presenting it prior to the annual general meeting to allow enough time for members to review the report and comment on it.  \n• Utilize Eventbrite platform for event registration which direct deposits into our bank account.  \n• Diversify the revenue stream by posting at least three job opportunities via email to members.  \nFinancial Management  \nBUDGET  \nA financial summary for 2017-18 is presented below. Our complete financial statements are included in our annual report (Work Sample 1) .  \nRevenue  \n2017/2018 Budget  \n2017/2018 Actual  \nPinnacle  \nAward Submissions and Ticket Sales Sponsorship  \nProfessional Development & Networking  \nSponsorship Ticket sales  \nMeetings (AGM, Board) Bursary from CER Job Postings Membership Rebate  \nTotal Gross Revenue  \nExpenses  \nPinnacle Awards  \nProfessional Development & Networking  \nMeetings and Conventions Promotion  \nWeb support Insurance  \nAccounting and bank charges  \n7,500  \n5,000  \n750 5,000  \n-  \n2,500 1,000  \n1,800  \n$ 23,550  \n2017/2018 Budget  \n9,000 3,000  \n6,000 1,000 1,000  \n690  \n6,735  \n3,000  \n750 2,570  \n565 1,000 600 2,721  \n$ 17,941  \n2017/2018 Actual  \n8,746 2,562  \n4,543 300 713 690  \n2,461  \nFinancial Management  \nAdministration 510 354  \nTotal Expenses $ 21,200 $ 20,369  \nNet Revenue $ 2,350 $ (2,428)  \nNet Assets, beginning of year 17,672  \nDeficiency of revenues over  \nexpenditures (2,428)  \n-  \nNet assets, end of year 15,244  \nIMPLEMENTATION  \n PROCEDURES  \nEach year, the IABC NL chapter has undertaken annual strategic planning to help guide the year ahead, including revisiting our value proposition for our members, providing a relevant professional development program, certification options, and networking opportunities. Our strategic planning has been informed by research undertaken to find out what our members need. We also ensure steps are taken to align with the \\#IABC1720 strategic framework. Communicators are at the heart of every organization, and we believe the best way to demonstrate this is by planning with IABC’s three pillars in mind: advancing the profession, creating connections and developing strategic communicators.  \nWith these pillars in mind, our finance portfolio is overseen by the vice-president/incoming president. This is to ensure our p","cbCaijNurX6I4wFM","https://ap.wps.com/l/cbCaijNurX6I4wFM","pdf",209062,8,"English","# Introduction\n# Goals and Objectives\n# Budget\n# Implementation Procedures","[{\"question\":\"What are the chapter’s primary goals for financial management?\",\"answer\":\"The chapter focuses on accountability and transparency to members and on maintaining a healthy bank balance.\"},{\"question\":\"How does the chapter handle event registration and deposits?\",\"answer\":\"Event registration uses the Eventbrite platform, and deposits are directed into the chapter’s bank account.\"},{\"question\":\"What procedures support financial implementation and oversight?\",\"answer\":\"Financial oversight is managed by the vice-president/incoming president, professional accounting services are used for larger submissions, monthly financial updates are captured in a master document, and monthly bank reconciliation is performed.\"}]","Financial Management - Approach, Budget and Implementation Procedures | PDF"]