Page 31 - Owners

17009.2 - Bank Transfers and Budgeting

Results Statement: To assure financial viability at all times by appropriately
budgeting and transferring funds weekly to all major bank
accounts that cover all expenses.

To also assure that funds in each account are NEVER used for
any purpose other than that intended.

Primary Responsible Position: Owner

Participating Position: Executive Director

WHEN to transfer: Every Tuesday by Noon

Accounts and Amounts: BOLD = Amount to transfer every Tuesday

ACCOUNT: % of GI: Amount:
Payroll 50% $22,500
COGS 22% $9,900
Rent and Everbank ~13.25% $5,950
Taxes ~3% $1,350
Util. and Ins. ~2% $900
Debt and Vet Centric ~1.2% $500
Misc ~8.55% $3,900 (Rmdr)
TOTAL: 100% $45,000

Steps:
a. Log in to bbt.com. Make the online transfers below printing
each page after each transfer.
b. Log into Quickbooks and enter the transfers of the printed
pages on at a time.
c. Shred the printed pages.

Code of Conduct on these accounts:
1. Accounts must be used for that intended purpose
only….and that purpose ONLY.
2. Having to “steal” from one to pay another is a sign of poor
management. Fix the cause!
3. Proper transfers every week is critical to assure we can
always pay our important expenses.
4. Debt payoff account (towards old debt) is critical to keep in
place, even if it’s only $10 per week.

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