The Maryland Native Plant Society

The Maryland Native Plant Society

Financial Policy

Most expenses are generally assigned to a broad budget category (for example: Chapter, Publications, or Membership). A specific Committee is in charge of determining how the money should be spent, with general guidelines. Spending within a Committee budget is flexible to accommodate the special projects the volunteers undertake; therefore most expenses are considered ‘budgeted.’

Budgeted Expenditures

  • under $100.00: must receive general committee approval
    • ex: spend about $75 for office supplies
  • between $100.00 and $200.00: must receive specific committee approval
    • ex: Committee decides to spend $125 for a weed wrench
  • over $200.00: must receive specific committee approval and Finance Committee approval
    • ex: Committee wants to spend $300 for printing flyers for distribution at an environmental fair

Non-budgeted Expenditures

  • under $50.00: must receive general committee approval
    • ex: spend about $40 on ad in a local newspaper
  • between $50.00 and $150.00: must receive specific committee approval
    • ex: Committee decides to spend $100 to purchase plants for a native plant display
  • over $150.00: must receive specific committee approval and Finance Committee approval
    • ex: Committee wants to spend $200 on a computer printer

If Finance Committee approval is required, the Finance Committee will determine if a full Board approval is required for either type of expenditure based on, among other things, current financial status, known budgetary surpluses or deficits, and relevance to Society policy and initiatives.

Powered by Wild Apricot Membership Software