CORE COMPETENCY #15
We operate with integrity and are accountable for best practices in our financial management. We mentor our team members so they understand the financial implications of our programs. We monitor our progress monthly.
RESOURCES IN THE BUDGET BUCKET:
WORKSHEET #15.1: Monthly Financial Reports Cover Page. When you change board treasurers, don't change your standard reports format. Download this one-page table of contents cover sheet (Word document) for your monthly financial reports.
REVIEW: Check out the accreditation requirements, financial best practices, books and resources from ECFA (Evangelical Council for Financial Accountability). Click here.
DISCUSS: Read Chapter 15 and discuss cash flow. "Pumpkin farmers understand cash flow."
ORDER: Does your board have written investment policies? Order this excellent resource from Amazon (published by BoardSource) below: Who's Minding the Money? An Investment Guide for Nonprofit Board Members, by Robert P. Fry, Jr. - Click here.
DELEGATE YOUR READING! Ask team members to select a book from this bucket and share a book review at your next staff meeting. See the Book Bucket for more ideas on why "Leaders Are Readers." For a complete list of books from this bucket, visit the Book Bucket and download List #1 (with books reviewed through Dec. 31 of last year).