The Pi Kappa Alpha Fraternity
2007-2008 Annual Report
Chapter Services
2007-08 proved to be a historic year in terms of chapter finances. A number of chapters that have been indebted to the International Fraternity for as many as five years took hold of their destiny and eliminated their outstanding balance. As a result, the Fraternity's chapter accounts receivable is at a 20-year low, and more chapters were eligible to vote at the 2008 International Convention than have been in a very long time.
Additional improvements in the area of chapter finances include a continuously-improving standard budget utilized by the majority of Pi Kappa Alpha's chapters. The advent of the "chapter dashboard" and online payment function have also had a profound impact on chapters paying all fees and assessments in a timely fashion. Pi Kappa Alpha's advanced billing structure approved by previous conventions has allowed chapters to more effectively budget and allocate financial resources, improving their standing not just with the International Fraternity, but among their competition at their local institutions as well. Sound financial practices continue to provide the backbone for a chapter's long term success.