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2026 rugpjūtisEconomics

A club budget with no legal entity: planning, records, reporting, handover

The point, in one line

A budget is an agreement: who may spend, up to how much, and who they show it to afterwards. In-kind support is budget too, and nobody counts it.

How it works

Clubs collapse not because the money runs out but because nobody knows any more where it was; this loop has to be walked every year, because the board changes.

  1. The agreementA name for treasurer. Who may spend, and up to what amount.
  2. RecordsOne table on a shared drive: date, who, how much, what for, document.
  3. Reporting to membersOnce a term, out loud, five minutes: what came in, where it went.
  4. HandoverSponsor contacts, agreements and the true costings of past events.
and round again
The loop closes every year, and broken at handover it takes the financial memory with it; we hold none of your money — what stays here is the agreement and the records.
The same thing, in your club
  1. The situation

    The club says it has no budget, though over the year it got the room, the food, the prizes and the printing for free.

  2. What the model says

    The budget has four parts: costs covered by the faculty, in-kind support, project funds through a partner, and cash. The second is counted nowhere, so the club believes itself poorer than it is.

  3. What you do

    List every room, meal, prize and service you got free with what it would have cost, and add it up.

What it claims

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Rights and licence
In copyright

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What this connects to

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The student version
A club budget with no legal entity: planning, records, reporting, handover

The same work written for a member: what to do with it in the club.

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