Sacramento Valley Chapter
of Germans from Russia
Meeting to discuss 2025 Budget
Wed, Feb 05
|Zoom event.
Lee will provide list of budget items to discuss.
Time & Location
Feb 05, 2025, 3:00 PM – 4:00 PM
Zoom event.
About The Event
Regarding 2025 budget items to discuss, here is a summary of what we need to address:
Incomes:
We only have two sources of income, Member Dues and Donations. So, these must be increased to offset our increasing expenses.
Expenses:
Accounting Fees - current budget is 0, we have already spent $399 when Capital City Tax filed our 2024 IRS return as a Private Foundation. This will likely be an ongoing expense each year for the next 5 years.
Government Fees - current budget is 0, at minimum we will need to budget for the cost ($50) of submitting our request to the Attorney General’s Registry of Non Profits (required by CA law). We will have to renew this every year ($25). There may are penalties because we should have registered in 2023. For now, I recommend we set this budget item to $50.