Meetings scheduled as necessary on the 4th Thursday.
Goals: Effectively manage the budget and expense processing for the Board.
The Budget & Finance Committee oversees the budget and financial reporting. This committee consists of WNC Board members and is chaired by the Treasurer.
Neighborhood Purposes Grant
Your organization may apply for a Neighborhood Purposes Grant from the WNC. With approval and proper documentation, this will allow the WNC to support organizations without having to pay for a specific item as in the past.
Special Note: The Neighborhood Purposes Grant can be challenging to execute. It is recommended that if you have a specific request for funding, that you contact the Treasurer two weeks prior to the upcoming board meeting with the specific amount you request, item to be paid for and justification, so that the request can be agendized and considered at the next meeting. The board cannot pay for or approve items that are not agendized prior to the meeting.
You may review our financial transactions at the City's website. Upon clicking the link, choose the Winnetka Neighborhood Council from the drop down list to see our transactions. We are also providing you with access to our funding documents on our current Funding Report.
What's the difference between a Budget & a Plan?
What's the difference between a budget and a spending plan? That's a good question.
The WNC Budget is the official document submitted to DONE for approval and funding. The budget consists of broad categories which the WNC must use to govern it's spending. The categories are specifically created in a broad manner so that we can have flexibility as we develop new ideas and new issues arise.
The Spending Plan is meant to serve as a guide to the various committees and the Board on how to spend the money allocated to us. The plan provides a greater measure of financial planning and accountability. In addition, the plan was passed to provide the Treasurer with some guidance on how to create the budgets. As we move forward the Council should adhere to the overall plan. However, if we need to deviate we can do so by a Board motion. At the end of the year we can look back at what we've done with the money allocated to us and determine if we've made the best decisions.