What's the Difference Between the DCMS and the Fiscal and Chapter Year-End?
Back-to-back year-ends can be a little confusing—even we need a cheat sheet for the DCMS vs. Fiscal/Chapter year-ends.
April 30: DCMS Year-End
The 2012-13 DCMS year ends April 30. That
means it's the last day to complete any of the following requirements to count
towards you 2012-13 goals:
- New members
- Certification exams
- Certified members
- Education hours
Anything accomplished after April 30 will count towards your chapter's 2013-14 goals.
Note: Although education programs and
newsletters must be produced by April 30, chapters have until May 10 to
report and still maintain their on-time reporting points.
May 31: Fiscal and Chapter Year-End
The 2012-13 chapter leaders turn over the
reins to the new officers and board of directors on June 1. This means
that any voting matters before May 31 must go before the 2013-14 board.
Some chapters have their officer installation before May 31. There is
nothing that prevents your chapter from doing this as long as you
recognize that this is a ceremonial installation and that legally the
2013-14 officers and directors do not have voting authority until June
Similarly, the 2013-14 HFMA Officers and
Board of Directors and the Regional Executive Council don't assume their
responsibilities until June 1.
So presidents should hang on to that gavel until June 1.
Why Two Year-Ends?
The staggered year-ends allows us to
crunch the numbers and prepare awards in time for the Annual Chapter
Presidents Dinner Meeting and Awards at ANI. This year's Chapter Presidents Dinner is June 18. Chapter presidents received an email on April 29 with instructions on how to RSVP for their leadership team who will be in attendance at the dinner.
Publication Date: Tuesday, April 30, 2013