Cash & Investment Management for Nonprofit Organizations

Front Cover
John Wiley & Sons, Apr 10, 2007 - Business & Economics - 544 pages
The book every nonprofit financial officer needs

Relevant for both large and small nonprofit organizations, Cash& Investment Management for Nonprofit Organizations effectivelybrings practical clarity to a potentially complicated topic, andexplains how to use the best available methods and tools to helpyour organization achieve and maintain financial strength. Thismust-have book equips readers with a road map toward soundfinancial structure and strong internal controls, expertly offeringhelpful advice on everything financial officers need to know,including:
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Knowing the appropriate financial target for yourorganization
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The measures you can use to monitor and manage your organization'sliquidity
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Preserving your organization's financial integrity through internalcontrols
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How to tap sources of cash to improve your cash flow
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Making the most of your greatest potential ally in managingcash--your banking partner
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Mobilizing and controlling cash
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Disbursing cash efficiently while averting fraud
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Harnessing information technology (IT) to better accomplish cashand investment management
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Investing policies and practices for cash reserves
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Investing policies and practices for endowments and other long-terminvestment purposes

Written by financial professionals for financial professionals,Cash & Investment Management for Nonprofit Organizationsprovides essential tips and proven financial methods for improvingand benchmarking your organization's practices. Discover how tobecome more effective in keeping your nonprofit financially healthywith the techniques and tools in Cash & Investment Managementfor Nonprofit Organizations.
 

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Contents

CHAPTER 1 CASH FLOW AND YOUR CASH POSITION
1
CHAPTER 2 CASH PLANNING AND LIQUIDITY
25
APPENDIX 2A SARBANESOXLEY COMPLIANCE CHECKLIST
49
APPENDIX 2B CASH CONVERSION PERIOD
60
APPENDIX 2C HYPOTHETICAL CASE STUDY FOR SETTING TARGET LIQUIDITY
64
APPENDIX 2D CASH FORECASTING METHODS
68
CHAPTER 3 CASH COLLECTIONS AND POSITIONING
74
APPENDIX 3A DIRECT PAYMENT IMPLEMENTATION PLAN
107
APPENDIX 6B CHURCH LOAN CASE STUDY
234
CHAPTER 7 INVESTING PRINCIPLES AND PROCEDURES FOR OPERATING AND STRATEGIC RESERVES
240
APPENDIX 7A SAMPLE OF SHORTTERM INVESTMENT POLICY AND GUIDELINES
312
APPENDIX 7B ABC FOUNDATION UNENDOWED SHORTTERM INVESTMENT POOL POLICY
315
APPENDIX 7C DEFINITIONS OF FIXEDINCOME INSTRUMENTS
318
APPENDIX 7D IMCA STANDARDIZED INVESTMENT MANAGER QUESTIONNAIRE
325
CHAPTER 8 INVESTING PRINCIPLES AND PROCEDURES FOR ENDOWMENT SELFINSURANCE AND PENSIONS
343
APPENDIX 8A UNIFORM MANAGEMENT OF INSTITUTIONAL FUNDS ACT
389

CHAPTER 4 CASH DISBURSEMENTS
109
APPENDIX 4A Prices for Bank Services
149
APPENDIX 4B Enhancing Internal Controls
155
CHAPTER 5 BANKING RELATIONSHIP MANAGEMENT
163
APPENDIX 5A TOPRATED FINANCE SERVICE PROVIDERS
209
APPENDIX 5B SAMPLE BANK REPORT CARD
211
CHAPTER 6 DEBT MANAGEMENT
213
APPENDIX 6A LINKING MISSION AND MONEY AN INTRODUCTION TO NONPROFIT CAPITALIZATION
228
APPENDIX 8B SAMPLE INVESTMENT POLICY STATEMENT FOR THE ABC FOUNDATIONS LONGTERM ENDOWMENT POOL
390
APPENDIX 8C INVESTMENT POLICY STRATEGY FOR ERISA SECTION 404 C PLANS
395
APPENDIX 8D UNIFORM PRUDENT INVESTOR ACT
397
APPENDIX 8E COMPREHENSIVE INVESTMENT POLICY GENERIC FAITHBASED ORGANIZATION
398
APPENDIX 8F USING MODERN PORTFOLIO THEORY TO IMPLEMENT STRATEGIC ASSET ALLOCATION
408
INDEX
419
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About the author (2007)

John Zietlow is Professor of Finance at Malone College and a Certified Treasury Professional (CTP). He is a member of the Financial Management Association, the Association for Financial Professionals, the Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA), and the Financial Education Association. He has conducted cash management training for the Association?of Financial Professionals, served as a consultant and trainer for the Investment Management Consultants Association, is coauthor of Short-Term Financial Management, Third Edition, and has written dozens of articles and academic presentations on financial topics. With Jo Ann Hankin and Alan Seidner, he is also coauthor of Financial Management for Nonprofit Organizations: Policies and Practices (Wiley).

Alan G. Seidner is the founder of Seidner & Company of Pasadena, California, an investment management and consulting firm with a roster of high net-worth investors, healthcare organizations, major corporations, non-profit institutions, and municipalities. He has authored many financial reference works, frequently speaks on investment techniques and strategies, and has also provided testimony before federal government agencies on the performance of pension fund investments. With Jo Ann Hankin and John Zietlow, he is also coauthor of Financial Management for Nonprofit Organizations: Policies and Practices (Wiley).

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