• GLOSSARY OF TERMS

    GLOSSARY OF TERMS (Print me out)

  • Current Finances

    • Checking/Cash – All cash accounts and checking accounts for the Lodge.
    • Building fund – Building fund account for the Lodge.
    • Total Investments – CDs, investment accounts, accessible money managed by the Lodge.
    • Memorial/Dedicated funds – Scholarships, funds dedicated for a purpose, flowers for widows that are memorial gifts, etc.
    • Other Money Assets – Things that are not in the above, but are cash funds the Lodge can access.
  • Dues Income

    • # of Dues paying membersEXCLUDE any life members.
    • Annual Dues $ – The total amount the member writes a check for.
    • Per Capita Tax – Use whatever the Grand Lodge Per Capita tax is.
    • Life Membership Interest Payment – The average annual return from the Grand lodge of the Life Members purchased in the Lodge every February-March.
  • Annual Expenses

    • Utilities – Lodge utilities, power and water.
    • Rent – Rent due or Mortgage due.
    • Services – Telephone, mowing, cleaning, phone tree, internet, stamps, etc.
    • Insurance – Lodge Insurance Policy and Grand Lodge liability billed insurance.
    • Candidate expenses – Aprons, boots, etc.
    • Meals/Misc. – Annual Master’s installation dinner, widows night, ladies night, Grand Lodge Annual Communication stipends, etc.
    • Other – Items that do not fit in any other annual category aove.
  • Planned Expenses (repairs etc.)

    • Building repairs – Roofs, doors, floors, HVAC, kitchen, etc.
    • Grounds repairs – Grading, landscaping, erosion, paving.
    • Lodge supplies – Chairs, officer jewels, officer/member aprons, etc.
  • Financial Position Summary

    • Lodge Gross Capital – this number represents the TOTAL assets of the Lodge subtracted by the total expenses (annual and planned).
    • Lodge Operating Capital – this number represents only the building and checking accounts versus the total expenses (annual and planned).  Negative number means you do not have enough money to cover your bills and planned expenses.
    • Annual Cash Flow – This takes your annual dues income and subtracts it by the annual expenses.
    • Sustaining or Declining? – Is the Annual Cash Flow positive or negative? If positive, you are sustaining. If negative, your financial position is declining.
  • Results

    • Positive Cash Flow – Is money flowing into your Lodge year over year?
    • No. of years of Operating Capital – How many years of money do you have in your checking and building fund combined AFTER paying the planned expenses?
    • No. of years of Total CapitalIncluding Investments, how many years of money do you have in your total assets to pay expenses AFTER paying the planned expenses?
    • Lodge Financial Position – Sustaining of Declining?
    • Lodge Financial Health – Do you have more than 5 years of total Capital? If so, healthy, if not, not healthy.
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