Financial Responsibilities of Nonprofit Boards

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BoardSource, Inc., Oct 1, 2008 - Business & Economics - 102 pages
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Designed to help nonprofit board members and senior staff, "The six books address all of the fundamental elements of service common to most boards, including board member responsibilities, how to structure the board in the most efficient manner, and how to accomplish governance work in the spirit of the mission of the organization."--Pg. 2 of Book 1.
 

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Contents

Financial Issues Board Members Should Address
9
Revenue and Expenditures
12
Available Cash and Reserves
15
Ensuring Appropriate Actions
20
Avoiding Conflicts of Interest
23
The SarbanesOxley Act
25
Major Financial Roles in Nonprofits
31
Committees with Financial Responsibilities
32
Documents the Board Should Receive
50
Signs of Financial Distress
60
Dealing with the Outside Financial World
65
Obtaining Insurance
66
Making Investments
69
Contracts with Outside Advisors
71
Toward a Better Board
73
Examples of an Auditors Opinions
77

Treasurer
35
Chief Executive
36
Bookkeeper Controller Director of Finance
37
Systems That Protect Nonprofit Organizations
39
Accounting Policies and Procedures
42
External Audits
44
Financial Statements and Reports
49
Federal Tax and Information Filing Calendar for Nonprofit Organizations
79
State Tax and Information Filing Calendar for Nonprofit Organizations
81
GLOSSARY
83
SUGGESTED RESOURCES
96
ABOUT THE AUTHOR
99
Copyright

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