Financial Management : Boys & Girls Clubs Of Miami Dade Essay

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

- Have at least 5-7 years experience with working as a commercial insurance underwriter, banker, or claims adjustment.

According to SMBGC’s website, SMBGC’s mission is to “inspire and enable young people, especially those who need us most, to reach their full potential” (smbgc.org). “Those who need us must” refers definitely to the miracles of our lives: the children. SMBGC’s child focused mission is a value for the community, which is important and relevant to consider. It was the significant reason that I wanted to participate at this site.

1.What are conversion factors? Why were conversion factors developed? How do they impact on which bond is cheapest to deliver? Under what conditions would there be no cheapest to deliver? Explain in detail.

A solution to help at risk girls feel they fit into their community has been attempted through the formation of a club in Texas, where there is a large Mexican population due to the border region. A club for at-risk girls was started called Girls Acquiring Leadership Skills through Service (GALLS). Since "students who lack feelings of inclusion at school are those most at-risk for both youth gang involvement and dropping out of school" this club focuses on making girls feel they belong at school(Sonnenblick 243). Throughout the border region, enacting programs such as GALLS could be effective for lessening Hispanic girls' at-risk classification. Not being at-risk would be a benefit for Hispanic girls whom face so many other potentially problematic situations in their daily life on the border.

Boys and Girls Clubs of America (BGCA) is a countrywide organization of local subdivisions that provide after-school programs for young people. The purpose of BGCA is to provide young people with a safe environment during weekends and after school. As a non-profit organization, Boys and Girls Clubs of America run after-school clubs that serves over 4 million children across 3,400 facilities throughout 50 states and Virgin Islands and Puerto Rico. The organization also has 150 clubs located on the Native American tribal lands as well as another 400 clubs located in military bases that are spread across the globe. Since its inception, the organization and its predecessors have been tackling juvenile delinquency for more than 100 years. In order to accomplish this objective, BGCA opens the clubs on a daily basis after school and during weekends. These clubs are managed by full-time youth development professionals who are supported by volunteers in the community. Despite of its activities revolving around sports and recreational activities, BGCA provide programs that focus on health and life skills, character and leadership development, computer skills, and arts.

Boys & Girls Clubs of America is a program that was introduced in the 1860’s in Hartford Connecticut. “Believing that boys who roamed the streets should have a positive alternative, they organized the first Club. A cause was born.” Now made up of more than 4,300 clubs and in their 103rd year, the goal of these clubs is “to enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.”

All I can do is stare at the clock. Since 7:20 in the morning I’ve been waiting for the bell to ring at 2:20 in the afternoon. I know I go to one of the top nationally ranked schools, Coral Reef High School, but wow, I am sure eager to finish up my junior year. This summer is going to be different; I’m going to complete my internship at the South Florida Educational Federal Credit Union (SFEFCU). In Coral Reef you have to be part of a magnet program, I’m in business and very well known in the academy. Most people see my face at events, meetings, and around the business hallways doing my job as Vice President for the business club: Future Business Leaders of America (FBLA). Everyone expects more from an FBLA officer, which made me so proud to be an intern at the SFEFCU. They only accept 16 out of 300 business students and each intern has to pass three tests, and two interviews- very prestigious. The bell finally rang and now I’m free to summer.

The boys and girls club have been serving children for 150 years. They have given their helping hand to millions of kids worldwide. The Boys and Girls club’s mission has always been “To enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.” The Boys and Girl’s club was formed to assist underprivileged children or children who do not live in the best environment. This organization possesses a numerous amount of goals and achievements they want for each child in the program. They provide a safe and fun environment; help create skills for the future and help children build relationships with positive adults. In addition the

The Boys & Girls Clubs of America (BGCA) is a nonprofit after-school program for the inner-city youth of America. The organization was founded in 1860, and is still in existence and evolving in the modern day. The company exist throughout all 50 U.S. states throughout the country and is considered to be a fun and safe place for children to learn and grow while having fun. The national headquarters is located in Atlanta, Georgia. However, there also service centers located in Chicago and Dallas. The BGCA serves more than 4 million youth in over 4,100 facilities throughout the country (http://bgca.org/). These facilities include more than 1,140 independent organizations and national organizations, the headquarters, service centers, development programs and services, etc. According to the President of the BGCA, Spillett (2016) claims that there are more than 50,000 employees and 200,000 volunteers that work for the BGCA. The BGCA is a large organization; however there is a limited number of workers in head leadership positions.

John Collins, the first club professional, created the club’s environment: building up young boys by helping them set and achieve goals. The main purpose of the club is to help young kids off the streets and assist in developing a successful future. This was taken so seriously that Aaron Fahringer, the western regional director in the 1950s drafter the “Boys and Girls Club” code:

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1.000.000

A not for profit organization is a corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive (Legal, 2013).” There are immense community benefits as a not-for-profit generally accepts everyone regardless of ability to pay. Nonprofit organizations are granted tax-exempt status which helps them to provide services to the public and are expected to be effective managers of their finances as well as being efficient (Financial Management, 2010). In doing so, they can gain exemptions from federal and state incomes taxes and have the ability to solicit tax-deductible contributions (Financial Management, 2010). Organization must follow legal financial

Financial Management is a critical aspect of any business in order to achieve a sustainable and efficient cash flow. It is essential in maintaining the link between a business’s future financial goals (profit maximization) and the resources that it has in order to achieve its objectives. Businesses demand certain common goals that increase a bussiness's all around achievement, Some of which involve; growth amongst assests, An increase in efficiency in all areas of the business whether it be management or not. And the ability to meet short term and long term debts. Finacial management undertakes the responsibility to implement and acheive these goals for the business using a range of strategies shaped to meet the needs of the business and

The management of cash is essential to the survival of any organization. Managing an organization’s financial operation requires knowledge of the economy and ways to maximize revenue. For any organization to operate on a daily basis adequate cash flow is required. Without cash management the organization will be unable to function because there is no cash readily available in case of inconsistencies in the market. Cash is also needed to keep the cycle of the company’s operations going.