During the Operations phase (phase 3), the developing honor society shall continue to develop the honor society's budget and financial policies and procedures. Growth and development will be based on the honor society's annual goals and planning.
For the chapter charter application, the developing honor society will need to submit:
- the past year's financial report/budget
- the current year financial report/budget
- the upcoming year's estimated financial report/budget
Planning the developing honor society's first budget
Chapters have a few more financial responsibilities than developing honor societies. Visit the links below to become familiar with additional financial responsibilities you will have upon approval of a chapter charter application.
With additional responsibilities come additional resources that are available to approved and chartered chapters.