
Munich Prostmasters
Club Bank account
- The club bank account is held jointly by the Treasurer and the President
- Currently we use N26 as our bank account (See Bank and PayPal details)
Membership fees
- Club membership fees are collected twice a year in March and September
- Reminders are sent using easySpeak (See Club Mass-Email) and WhatsApp
- Pay Toastmasters International using Club Bank Card (See Club Central)
New members
- New members submit a form which provides their details to all officers (See Membership form)
- New members join at different months of the year and the fees are prorated (See fee structure)
- The money is collected using PayPal or Bank transfer (See Bank and PayPal details)
- Pay Toastmasters International using Club Bank Card (See Club Central)
Club Budget
- Club budget is made once a year
- Membership fees are raised if the club budget brings the club to negative
Room booking
- Pay credit for room booking (See freiraum booking)
Toastmasters International
Before Club Meetings
• Prepare a financial report as necessary to be presented at the meeting.
During Club Meetings
• Collect any payable membership dues and fees from members.
• Present the club financial report when necessary.
Outside Club Meetings
• Reconcile deposits, expenditures and cash on hand each month.
• If your club is located within the state of California, file the 199N with the Franchise
Tax Board by May 15 for the previous year.
The 199N is filed electronically and typically takes 10 to 15 minutes to complete.
Failure to file ultimately jeopardizes your club’s tax-exempt status and subjects
your receipts to income taxes.
• If your club is outside the U.S., consult a tax advisor to ascertain your government’s
tax regulations.
• Issue checks to cover club expenses.
• Receive all bills and other financial correspondence for the club.
• Prepare for the audit committee near the end of your term of office.
Links:
Overview: Toastmasters International -Treasurer Overview
Club Leadership Handbook: Toastmasters International -Club Leadership Handbook-1310