Finance Newsletter

[karan hooda]

Finance Newsletter  Sustainability  in Finance - Ideal stage  Maintaining minimun balance of 4 lakh after paying the recon for every month Minimum FD of 4 lakh for any crisis situation or to run the local committee  for a sufficient amount of time   Having resources such as LC - Projector/Screen/Printer etc A storeroom - Very important to keep all logistics of the LC which can be reused year after year. ER support - Money raised from ER to be added to corpus Profitabel events and Investment Management   Finance policy intimation and knowledge in the LC showcased by budgeted projects and activities                       How Sustainable are we - Current bank balance - 3.36 Lakh without deducting recon of May - June FD - 1.40 Lakh Less resources Receivables - More than 2.6 Lakh in The market -Pending  Basic budgeting knowledge being imparted to the MB Our Role Tracking money of your projects Budgeting of your projects - Reviewing actual Vs  Planed budget on weekly basis  Following the Processes and Systems Being Accountable and Transparent Planed investments for your Projects - Not one day or week before you ask money (atleast 25 days before)    Important Information Please go through this -  The revised external pricing structure of AIESEC India. The New Recon Model will also be coming soon you will be updated about it in a detail after JNC. Both the new changes will be from 1st July 2013 Financial Policy link is given below go throuh it to understand finances more     Very Important please go through this thoroughly - link to financial policy

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