Where does the money go?
Kappa Delta sorority’s total anticipated expenses for 2006-2007 are $42,403.50. What do the Greeks spend all that money on?
Of that money, $3,500 is spent on formal expenses alone, which according to
Kappa Delta treasurer Kelly McMahon include buses that pick the girls up for
retreats, plates and decorations.
“Buses themselves cost about $700,” McMahon said.
Other expenses on the Kappa Delta budget include $2,000 appropriated toward
office supplies, $2,880 for photography expenses, and $1,190 for badge
expenses.
Megan Dolan, president of Kappa Delta, said they have a new copy printer
that figures heavily into their office supply expense. Adding in the cost of
paper, ink, calendars, and recruitment brings the total to the $2,000.
Recruiting alones costs the sorority $2,500 this year, which McMahon
attributed mostly to the cost of the retreat taken at the beginning of the
year.
“[We give out] bid day bags, fill ours with flip flops, pens, a sticker for
the back of the car, and then we all go on a retreat so we can all get to
know each other,” she said.
As far as the badges expense, the badges are pins that cost $30 for each new
member. There are 38 new members at the sorority, and 101 members in total.
Photography costs consist of getting a composite photo of each new member.
Each photo costs $18.95.
Though the sorority’s expenses may seem high, Kappa Delta has a $3,131.50
anticipated surplus with $45,535 in anticipated income. McMahon said that
they do go for “the cheaper stuff” on the expenses list as well.
“Our chapter has one of the lowest dues on campus; at the end of the year
it’s not just a bunch of money adding up,” she said. “We’re usually
basically in the budget, usually around that [$3,000].”
Following creation of budget, a Greek House will submit its finances to its
national organization.
National Kappa Delta, based out of Memphis, reviews the budget after
Eastern’s chapter.
“Once it gets to me, it’s pretty much okay,” said Cheryl Thornton, director
of finance for National Kappa Delta. “We usually just review it and if it
looks like it’s within range, we just okay it.”
Thornton said there really haven’t been any cases where the national
sorority has had to reject a budget, and since Kappa Delta is a non-profit
organization, they like to see that they have some excess money to start the
next year.
Vice President of Recruitment of Interfraternity Council Joe Zoubek said
they give incentives at Delta Sigma Phi for getting money taken off a
member’s dues.
“If you have a 3.5 [grade point average] or higher you get $58 taken off
each semester; if you have a 3.0 or higher, you get $25 taken off. Also, if
all your dues are paid by September 13, you get $50 taken off.”
Zoubek said that they have never really had any problems getting their
members to pay their dues and that the majority of their money is raised
from fundraisers. One of these fundraisers consisted of a Family Weekend pig
roast where the fraternity sold t-shirts and raised more than $1,000.
Although official numbers weren’t released for Zoubek’s frat house, he said
they did not spend a lot of money on office supplies.
“We’re very specific with our money,” he said. “The president and the
treasurer need to sign every check, so we’re very strict to our by-laws of
what we can and can’t do.”
McMahon agrees in a similar notion.
“We keep track of all the checks we write; we’re not allowed to go over,”she said.