6. Complete a poposed budget indicating all anticipated income and expenses.
Reminder: These are from the perspective of the Project. Income is money coming into the project, expenses are monies going out from the project. For budgeting purposes, total income and total expenses should match. To ensure calculations are correct include cents even if they are zeros.
Example:
Income: $200.00 appropriation from chapter
$100.00 Donation
Total income: $300.00
Expenses: $250.00 Materials
$50.00 Return to Chapter
Total Expenses: $300.00
This project might be a net loss to the chapter, but the project budget balances.