Chapter Finance FAQs

Coronavirus resources + FAQs

We understand that continuing the financial planning for your chapter may seem overwhelming. We hope that these guidelines will assist in easing the stress of returning to campus.

Q: Will members be assessed the same rate for annual dues, liability insurance, new member fees and initiation fees?

A: Below is a breakdown of the financial dues and fees for the upcoming year:

• Chapter Assessment Fee ($240 per chapter, per semester)

• Meeting Assessment ($325 per chapter, per semester)

• Per Capita + UGAC Billing  ($83 per man, per semester)

• Liability Insurance Premium ($300 average per man, annually)

PHI KAPPA THETA IS ACTIVELY WORKING ON STEPS TO MAINTAIN INSURANCE PREMIUMS AT THE SAME RATES. PLEASE LOOK FOR COMMUNICATIONS IN ASANA AND EMAIL WITH ANY DEVELOPMENTS

Q: Our chapter just switched to the Member Subscription Model. Will that still be in effect?

A: Yes. Your billing schedules for individual subscriptions will still be in effect. You can learn more about this model here.

• Don’t forget that this model is for individual dues (Per Capita, UGAC Billing, and Liability Insurance). Your chapter will still need to pay invoides for:

  • Chapter Assessment Fee ($240 per chapter, per semester)

  • Meeting Assessment ($325 per chapter, per semester)

Q: Can chapters or colonies with greater financial issues be set up on payment plans for annual dues and liability insurance?

A: Absolutely. The payment plan option that we offer combines all fees and assessments mentioned above into monthly payment plans (due at the end of each month throughout the calendar year). We suggest you contact your Performance Coach to discuss options and begin the conversation. We suggest setting up payment plans before invoices go out for the year.

Q: Should chapters or colonies consider reducing local dues for the upcoming year?

A: This decision is up to each chapter and colony, but it is always worth a conversation. The Fraternity recommends chapter and colony leaders wait to make these decisions until the host institution provides operating guidance to its fraternity and sorority community.

The Chapter Executive Board should review its budget and financial plan for the upcoming year and provide any changes to the proposed line item in the budget to the finance board. The finance board should then review its budget to help it make this decision. After reviewing an updated budget, if the programming the chapter plans to execute this year results in a lower operating budget, it could be reasonable to lower local dues for the year. Any member of a chapter or colony who would like assistance reviewing the budget for his operating area is encouraged to contact his Chapter Performance Coach.  

Fraternity Think Tank Financial Operations Discussions