SBA Frequently Asked Questions (FAQ)
Use this FAQ to promote the SBA and to resolve questions that may arise as the new guidelines take effect January 1, 2004.
Q Can SBA money be reported through our regular dinner event?
A Yes, as long as it is reported and not lumped with the event income. A committee can choose to report via the standard Financial Report on a separate line through a dinner event, but no extra gun will be awarded for the SBA effort. The income can be combined to boost the event income, which may earn a Growth Incentive gun. SBA prints will not be free in this case.
Q Can E event reports include prints donated locally?
A Yes, however, if framing is needed, you must proceed with due diligence to see that it is as economical as possible. For instance, we are paying $50 for prints ordered through NHQ and anything over that amount will potentially lower our profit margin.
Q Do we need to report all 10 prints in 16 weeks in order to qualify for a gun?
A Ten prints or fewer sold within 16 weeks, which produce at least $1,500 will produce a free gun.
Q Why is a report needed?
A Reports help track the success level of the program and give us information to improve the program.
Q How many free guns can we earn?
A A free gun will be awarded for every $1,500 unit received within a fiscal year.
Q When can we order a gun that has been awarded for the E qualification?
A Guns may be ordered during the following fiscal year.
Q Can a committee transfer money from a D event to an E event and visa versa?
A No. Keep the two streams of income separate in your reports to maintain the integrity of both programs.
Q Should income be sent with each report?
A Yes, these reports track the program for incentives so funds must be included.
Q What type of gun will we get?
A Guns will be in the current GIG class.
Revised October 30, 2003