Executive VP's Report-2004/12
Doug Holland
AMA Executive VP 3517 Fernwood Dr. Raleigh, NC 27612 (Home) (919) 787-5163 (Office) (919) 787-7454
Budget Process
Because I have just returned from a Budget Committee meeting, I will explain how the process works.
The annual budget is approximately $10 million. The first step in the process starts in late July and August. Department heads prepare a preliminary budget request that contains all the "bells and whistles."
The second step is a review of the preliminary budget by Joyce Hager, AMA Executive Director, and Vicki Barkdull, Controller. During this process, which takes roughly a week, the requests are trimmed considerably and are prepared for presentation to the Budget Committee.
The 2005 Budget Committee consists of six people:
- Russ Miller, Chairperson, Vice President from District IX
- Charles Castaign, retired CPA
- Dave Brown, President
- Joyce Hager
- Vicki Barkdull
- Doug Holland
During a day's meeting, the budget is reviewed, amended, and prepared for presentation to the Executive Council (EC).
In the final step, the EC carefully scrutinizes all requests and allocations, makes necessary changes, and approves the final budget. The entire process is tedious and lengthy, but with so much money involved, close consideration is necessary. A review process is also applied to expenditures before they are approved.
Food for Thought
If you don't do right, knowing what's right is of little value.
ABC: Always Be Courteous.
Until later...
Transcribed from original scans by AI. Minor OCR errors may remain.
