1. the financial
planning hat is worn by the
Advisory Council. Financial
planning means-how to
handle the
money and assets of an
org so as to maintain
outgo below
income. The actions of financial
planning are as
follows:
(1) directing the payment of
bills (as designated by the
Advisory Council),
(2) directing any necessary delay in the payment of certain
bills,
(3)
handling finances in accordance with "
dateline paying" as covered in an early
policy letter,
(4) setting limits on the
purchase orders that may be signed,
(5) preventing divisions or departments in
emergency from buying any but essential promotional supplies or postage,
(6) adjusting payrolls,
(7) setting limits on pay,
overtime or bonuses and all authorizations for pay
overtime or bonuses,
(8) fixing prices,
(9) directing any
transfer of
funds,
(10) deciding upon any large purchases,
(11) authorizing the
sale of any
equipment or
property,
(12) passing upon prices offered for any
equipment or
property. Any
matter affecting the financial health of the
organization has to be passed upon or planned by the
Advisory Council.
(HCO PL 26 Nov 65R) 2. financial
planning is how one uses the
funds one has to keep things
running well and make more
income.
(BPL 19 Mar 71) 3. is the way you
lay out
money sensibly within the limits of the
money available in
order to keep things going well and make more
money.
(FO 2480) 4. consists of what to spend
money on per
division and what
bills to pay according to
dateline paying. (
HCO PL 19
Oct 67 I) . the
basic purpose of all financial M.1-5 is to increase the wealth and assets and
value of assets of the
company and the
general well-being and
security of all its members and so contribute to the
purposes and activities.
(FO 2057) 6. in essence is the sensible
allocation of
funds on
necessities.
(FO 2480) 7. 9 of
future expenses.
(FSO 771) Abbr. FP.