Hello CCA members.

My name is Ed Hertel and I’m running for CCA Vice President.

I promise this campaign post will be shorter than the others (links to previous at the bottom).

Today I wanted to touch on something I think the club could do more with – financial planning. I know, HOT STUFF here. Everyone likes talking about accounting, right?

One thing I’d like to help the Board with is building out financial forecasts and models. This is what I did at my last job for a large non-profit (before retiring last year) as the Controller and FP&A Manager (financials, planning & analysis). I built budgets, tracked results, understood the variances, reforecast and adjust operational directions.

I would like to see the club be more proactive instead of reactive on issues concerning finances. I think we tend to keep everything the same until we are forced to change, when sometimes, with some planning, it might have been prevented. A good example is the magazine which I wish we had addressed earlier. A more managed, long-term approach is always more palatable than a quick re-direction.

And this isn’t always reforecasting for a pessimistic outcome. Forecasting for increased dues or other revenue streams can help plan for ideas for growth and new projects. Setting goals and planning outcomes helps a club like ours manage its future. Without it, we’re flying blind.

Thank you for taking the time to read this. I hope to get your vote for Vice President.

Previous campaign posts:

Introduction:
http://www.thechipboard.com/index.cgi/page/1/md/read/id/1780774/sbj/ed-hertel-for-vp-introduction/

Membership ideas (long post):
http://www.thechipboard.com/index.cgi/page/1/md/read/id/1780935/sbj/ed-hertel-from-vp-membership-sorry-long-post/