Board Updates

Finance Update

November 8, 2023

Greetings,

As we approach the end of 2023, and look forward, with great optimism, to a year of growth and new opportunities in 2024, we are reminded that we still have a lot of ground to cover before reaching the finish-line; however, it’s important that we take a few moments to look back at just how much we’ve already done this year, and to celebrate one another and our accomplishments along the way. I’d like to thank, and congratulate, all our chapter members, speakers & presenters, supporters, and my fellow officers, for showing up to our virtual and in-person events and meetings, and freely giving countless hours, all in support of PMI-NH’s mission. Our chapter is fortunate to have so many wonderful members and volunteers!

As the chapter’s finance officer, I’ve been busy working with the board to (1) review and analyze FY23 financial performance, (2) prepare initial FY24 budgets that are aligned to our FY24 strategic priorities (your board met for many hours on beautiful October weekends to complete strategic planning and charter renewal activities!), and (3) guide the board toward finalizing and approving FY24 budgets that serve as financial baselines for the next fiscal year. Once baselined, annual budgets are used in a variety of ways to measure and report on the organization’s financial health.

Throughout the rest of the year, when I’m not actively working with the board to build the next fiscal year’s budget, I’m busy managing the chapter’s bank and investment accounts, processing all payables/receivables, and reconciling transactions. This financial performance data is stored and managed in QuickBooks, which is leveraged to provide detailed, monthly financial reporting to the board, and which we review at each monthly board meeting. I also help to review and establish contracts, secure and maintain liability insurance, onboard new executive board members from a banking/financial perspective, maintain our non-profit status with the IRS and the NH Secretary of State’s office, complete annual financial reporting and tax filings, and for good measure, manage our chapter’s post office box. I also remain a very active and engaged board member in all aspects of chapter operations.

We’ll have one final opportunity to get together for our last in-person meeting of 2023 on Wednesday, December 6^th, at the Puritan Backroom in Manchester, NH, from 6:00 p.m. ET – 9:00 p.m. ET. We’re still ironing out the event details, so please keep an eye on your inbox for additional information. The December event is always a great time, and if you’re able to make it, please say hello and introduce yourself. I love speaking with and getting to know our current and prospective members. Non-members are always welcome at our events, so if you’d like to bring a friend or family member, or a colleague that may be interested in learning more about project management, please feel free to do so.

This is a great time of year to practice gratitude! I remain grateful for the opportunity to serve all of you, our chapter’s members, as well as my colleagues on the board, and look forward to continuing my service in the future. I’m always happy to meet and speak with chapter members throughout the year, so if you’ve got a question, or would like to share some feedback, please reach out: [email protected]. Hope to see so many of you in December!

Shine on,
Shawn

Shawn Carey, PMP
VP Finance
PMI New Hampshire Chapter