FINANCE COMMITTEE REPORT, SEPTEMBER 2025
Good morning. I’m Joyce Cotner, Finance Committee Chair. I am thankful for and appreciate all the Finance Committee Members, and especially our State Treasurer, Beverly Stagg.
The main objective of the Finance Committee is to present a Balanced Budget every two years to the Executive Board and General Membership and to adjust that Budget, if necessary. In your packets, you have copies of the 2024-2025 Budget that compares the Actual Income and Expenditures for that time period.
The Finance Committee is pleased to confirm that all investment and money market accounts have strong balances. These balances cover our shortfall expenses, as well as Scholarships, Emergency Fund, Florida State and US Forum Legislative Events, and Leadership Growth. For the FL State Organization to obtain the best interest rates, the Finance Committee will continue to monitor these investment and money market accounts as the CDs mature.
In 2026, to report on Florida State Finance Activities, a member of the Finance Committee will attend each of the six District Meetings. The report will include the updated “Guidelines for the Use of Budget Funds” and the corresponding Expense Voucher.
As our membership continues to decrease, our income from dues also decreases. Expenses continue to rise. As the Treasurer reported, our expenses again exceeded our income. WE SPEND MORE MONEY THAN WE HAVE COMING IN! Fortunately, we have sufficient reserves in our Available Fund Reserve, Contingency Fund, and Permanent Fund to cover these shortfalls.
The main objective of the Finance Committee is to present a Balanced Budget every two years to the Executive Board and General Membership and to adjust that Budget, if necessary. In your packets, you have copies of the 2024-2025 Budget that compares the Actual Income and Expenditures for that time period.
The Finance Committee is pleased to confirm that all investment and money market accounts have strong balances. These balances cover our shortfall expenses, as well as Scholarships, Emergency Fund, Florida State and US Forum Legislative Events, and Leadership Growth. For the FL State Organization to obtain the best interest rates, the Finance Committee will continue to monitor these investment and money market accounts as the CDs mature.
In 2026, to report on Florida State Finance Activities, a member of the Finance Committee will attend each of the six District Meetings. The report will include the updated “Guidelines for the Use of Budget Funds” and the corresponding Expense Voucher.
As our membership continues to decrease, our income from dues also decreases. Expenses continue to rise. As the Treasurer reported, our expenses again exceeded our income. WE SPEND MORE MONEY THAN WE HAVE COMING IN! Fortunately, we have sufficient reserves in our Available Fund Reserve, Contingency Fund, and Permanent Fund to cover these shortfalls.
Finance Documents
Florida DKG Fall Workshop 2 Minute Committee Report
Committee Responsibilities and Duties:
The Finance Committee is responsible for supervising all financial affairs of Florida State Organization. This task includes expenditures and investments. We acquire the information necessary to complete this task from the state treasurer. Our most important duty is to prepare the budget for adoption by the executive board.
The state president appoints the members of this committee. There must be one member from each district. These 6 members will vote on issues and the state president, who serves as an ex officio member with a vote. The state treasurer and state executive secretary serve as ex officio without a vote.
Each member of the finance committee shall serve for four (4) years with staggering terms. *( see bylaws, under Finance to read an explanation of rotation). The state president shall appoint as chair (1) one of the continuing members.
All actions of this committee shall comply with the International Constitution Standing Rules and Florida State organization Bylaws.
The state president appoints the members of this committee. There must be one member from each district. These 6 members will vote on issues and the state president, who serves as an ex officio member with a vote. The state treasurer and state executive secretary serve as ex officio without a vote.
Each member of the finance committee shall serve for four (4) years with staggering terms. *( see bylaws, under Finance to read an explanation of rotation). The state president shall appoint as chair (1) one of the continuing members.
All actions of this committee shall comply with the International Constitution Standing Rules and Florida State organization Bylaws.
FSO DKG FINANCE COMMITTEE– 2025-2027
Joyce Cotner (V) (2023 – 27) CH
[email protected]
Dr. Nancy Henning, (I) (’23 – ‘27)
[email protected]
Pat Litterick (II) (2025 – 29)
[email protected]
Pam Barnes (III) (2025 – 29)
[email protected]
Karen Metalonis (IV) (2023 – 27)
[email protected]
Marsha Mayers (VI) (2023 – 27)
[email protected]
Beverly Stagg (I)
[email protected]
State Treasurer, ex officio
Carrie Frye (IV)
[email protected]
State Ex. Sec., ex officio
[email protected]
Dr. Nancy Henning, (I) (’23 – ‘27)
[email protected]
Pat Litterick (II) (2025 – 29)
[email protected]
Pam Barnes (III) (2025 – 29)
[email protected]
Karen Metalonis (IV) (2023 – 27)
[email protected]
Marsha Mayers (VI) (2023 – 27)
[email protected]
Beverly Stagg (I)
[email protected]
State Treasurer, ex officio
Carrie Frye (IV)
[email protected]
State Ex. Sec., ex officio