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SF Bay Area Council (SFBAC)L50 Training
Treasurer And Secretary
Sachin Desai Santa Clara Valley Section 2013 Treasurer
Mountain View, CA January 26th, 2013
L50IS A
PROCESSTreasurer Secretary
Jan to Feb
70% Treasurer
Jan to Feb
30%Secretary
Year Long
50%Treasurer
Year Long
50% Secretary
Commitments
•Chapter Financial Strategy•Chapter Budget Responsibility•Chapter L-50 Report Submission
Treasurer’s Responsibilities
MGA Operations Manual, Section 9http://www.ieee.org/documents/section_09_10_november_2012.pdf
• Chapter Meeting Minutes• Chapter New Officer Report• Chapter L31 Reports
Secretary’s Responsibility
MGA Operations Manual, Section 9http://www.ieee.org/documents/section_09_10_november_2012.pdf
Treasurer Transition
OUTGOING TREASURER
• File 2012 L50s by Feb 15th, 2013• Transfer Records To New Treasurer
• Checks• Check Register• Banking Supplies
• CBRS Deposit Stamp• CBRS Deposit Slips• CBRS Deposit Envelopes
• Provide 1099/W9 To Section
INCOMING TREASURER
• File CBRS Signatory Card with HQ• Request 2013 Credit Card• Plan and Get Yearly Budget Approved• Ensure Two Signatories for Account
• Local account += Thomas Lynch
Deadlines
Jan 18th
Jan 31st
Feb 15th
1099 Forms
Taxable Payments to Individuals for Service
Bank Account Disclosure Form
Non CBRS Accounts
L50 Forms
Delivered to Section Treasurer
So what is an L50 Process?
So what is an L50 Filing?
CBRS vs. Local Banks
CBRS Makes Your Life
Easier
L50EZ vs. L50 STD
Do Any Of These Criteria
Fit Your Chapter?Then you CANNOT
use L50-EZ
Example L50-EZ
Example L50-EZ
Common Account Codes
SECTION WEB SITE‘Chart Of Accounts File’
Year End Register
Assign Expenses and
Revenue to Account
Codes
Balance RegisterCheck Bank
Register Against L50 Entries. If
Balanced, You Are Done
Remember …What Why How
IEEE Technical Meeting Member Attendees
Used In Rebate Calculations
Maintain Accurate Sign Up Sheets At Meetings
6 Technical Meetings Per Year
Used In BonusCalculations
Greater The Chapter Activity, Greater The
Benefit
L31 Entries Track “Dead or Alive” Chapter Status – Less
Than 2 Technical Meetings (3 Years In Row)
Ensure Secretary Makes vTool Entries
Timely L31 Entries Only Way For Section Treasurer To Calculate
Aforementioned Rebates And Bonuses
Ensure Secretary Makes vTool Entries
WebEx Sessions
“Ask Your Section Treasurer”Monthly Online Conversations
First Session Wednesday, 30th 2013
Q&A