Michigan Region Budget 2010-2011
Phi Theta Kappa—Michigan Region Budget
Approved Expenses for 2011 - 2012
| Line Item # | Expense Description | Amount |
| 1. | Regional Officer Scholarship to the International Honors Institute (Regional President is provided by HQ)
| 3 x $875 = $2625.00 |
| 2. | Scholarships for the top four chapters in MI to attend the Honors Institute | 4 x $875 = $3500.00 |
| 3. | Regional Awards (continue w/ 2011 vendor) | $1700.00 |
| 4. | Thomas Obee Service Scholarship Award | $ 250.00 |
| 5. | Susan Friedrich Memorial Scholarship Award | $ 250.00 |
| 6. | Arlene Quigley Memorial Leadership Scholarship Award | $ 250.00 |
| 7. | MI Region Memorial Scholarship Award | $ 250.00 |
| 8. | Regional Printing Costs | $ 100.00 |
| 9. | Coordinator and Officer Supplies | $ 50.00 |
| 10. | Website Hosting Fee | $ 100.00 |
| 11. | Regional Yearbook and Yearbook Pages | $ 100.00 |
| 12. | Regional Project/Challenge Award Expenses | $ 50.00 |
| 13. | Advisor Education Conference | $2000.00 |
| 14. | Reward chapters who have not attended any regional conference in the past two years with one complimentary registration to the next conference. The Region will award up to three awards at L/MC and Mini Honors but only one registration per chapter is allowed. | $ 400.00 |
| 15. | Officer Orientations (rooms and meals) |
$ 750.00 |
| 16. | Leadership Conference (rooms & meals for Regional Board) | $ 600.00 |
| 17. | Mini Honors Conference (rooms for Regional Board) | $ 450.00 |
| 18. | Regional Convention (rooms for Regional Board) | $ 450.00
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| 19. | Annual Convention Allowance ($ 400 x 4 officers) | $1600.00 |
| 20. | Annual Convention Registration for Alumni Representative
| $ 400.00 |
| 21. | Regional Officers’ Expense Allowance ($400 travel x 5 officers) *A | $2000.00 |
| 22. | Flight Stipend for 2011-12 Regional Officers to attend the Honors Institute in Boston, MA. Not to exceed $400/officer. | $1600.00 |
| 22. | Miscellaneous (this line includes unforeseen expenses that exceed the line items listed above. It may also include travel by Regional Officers to other Regions. | $1275.00 |
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| Total Proposed Expenses | $ 20,750.00 |
*A: This budget does not automatically include travel to other Regions
Budget rationale:
Current Fund Balance—Michigan Region $ 19,438.93 (as of August 23, 2011)
($750.00 bill outstanding from the Advisor Education Conference in July)
Regional Fees Collected for the 2008 calendar year = $13,718.00
Regional Fees Collected for the 2009 calendar year = $16,525.00
Regional Fees Collected for the 2010 calendar year = $18,135.00
Regional Fees Collected for the Academic Year 2008 -2009 = $ 15,941.00
Regional Fees Collected for the Academic Year 2009 – 2010 = $19,025.00
Regional Fees Collected for the Academic Year 2010 – 2011 = $20,750.00
Proposed Expenses for the 2010 – 2011 Academic Year = $ 18,045.00Actual Expenses for the 2010 – 2011 Academic Year = $ 17,970.19