|
EXECUTIVE
COMMITTEE
The Executive Committee develops
an annual budget to project the LEPC's operational needs and
fund future projects. It also provides the LEPC membership
with monthly reports of income and expenses. Funds are accounted
for by the LEPC Secretary/Treasurer.
The City of Deer Park LEPC is unique
because its annual budget is more than $100,000 per year,
all funded by the City and voluntary contributions from LEPC
member industries. The LEPC receives no grant funding for
operations.
BUDGET FINANCIAL PROCESS
The LEPC has a six-step financial
process to develop and approve its annual budget:
1.
Subcommittee Chairpersons each submit a preliminary budget request
to the Executive Committee.
2.
The Executive Committee reviews the requests with each Chairperson.
3.
A preliminary budget is presented to the LEPC membership for
approval.
4.
Letters are sent to each LEPC industry member to determine
an employee count for the current year and provide
a preliminary budget forecast based on prior year employee
counts and member participation.
5.
Upon receipt of current employee counts, a final budget allocation
is calculated and a letter is sent to each member notifying
them of their company's contribution for the year.
6.
Contributions are submitted to the Secretary/Treasurer.
ALLOCATION FORMULA
The City contributes $5,000 per
year and applies any unspent LEPC funds from the previous
year to next year's LEPC budget. One-half the remaining balance
is divided among all LEPC industry members on an equal basis;
the other half is funded based on the number of employees
at each member industry. For example, a facility with 300
employees may be asked to contribute $3500 - $4500 per year
to help fund the LEPC's expenses.
Because the LEPC is a non-profit
organization, all contributions to the LEPC are tax-deductible
as allowed by law. To obtain a copy of the LEPC's budget from
the LEPC Secretary/Treasurer, e-mail your request or any other
questions to the LEPC Secretary/Treasurer as listed in the CONTACT
US page.
|
