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Unread 11-01-2006, 19:41
Unsung FIRST Hero
RoboMom RoboMom is offline
people expediter on Team Kluge
AKA: Jenny Beatty, no relation
no team (they are all my teams)
Team Role: Mentor
 
Join Date: Jan 2004
Rookie Year: 2002
Location: Maryland
Posts: 3,067
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Re: Finance and Inventory

Get in the habit of keeping track of all your expenses. Have a business manager. Keep an excel file. You will need to present at inspection.

This document can then be used to help with sponsorship. Most sponsors want to know that your team can manage a budget. Some grants will require this. I just met with a group yesterday who is giving some funding to all the Baltimore City teams. But in return, they are requiring detailed accounting. That's how it works.

***scratching head*** I'm not sure what team 340 is learning with their system. It's not the real world.
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