What is a chapter budget in DECA?

A chapter budget in DECA serves as a vital financial planning tool that outlines the financial needs of the chapter. This document entails projected income and expenses, providing a clear picture of how funds will be allocated throughout the year. It helps ensure that the chapter can meet its goals, support activities, and enable members to participate in competitions and events.

Moreover, the budget is instrumental in guiding the chapter's financial decisions, enabling leaders to prioritize spending and find areas where they can save or require additional funding. This makes it essential for maintaining the chapter's operational effectiveness while planning for future activities.

The other options do not accurately represent what a chapter budget consists of. A list of competitive events relates to the activities the chapter might participate in rather than financial planning. A report on previous year’s expenses provides a historical overview but doesn't aid in planning future financial needs. A plan for member recruitment focuses on increasing membership rather than managing finances.