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Module 14

Module 14. Nonprofit Financial Policies and Procedures Manual. Table of Contents. General Accounting Information System Financial Reporting Financial Management Policies Human Resources Policies Accounting Procedures. I. General. Mission of the Organization Incorporating Documents

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Module 14

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  1. Module 14 Nonprofit Financial Policies and Procedures Manual Convery 2013

  2. Table of Contents • General • Accounting Information System • Financial Reporting • Financial Management Policies • Human Resources Policies • Accounting Procedures Convery 2013

  3. I. General • Mission of the Organization • Incorporating Documents • Articles of Incorporation • By-laws • Application for federal tax-exemption Form 1023 • Organizational chart • Location of Minutes to the Board Meetings • Board of Directors Roster and Responsibilities • Committees of the Board with Charges/Goals • Code of Conduct, Conflict of Interest Policy Convery 2013

  4. II. Accounting Information Systems • Overall Description of the Technology and Software Packages • Financial/General Ledger Module • Donor and Contributions Module • Sales/Receivables (Billing) Module • Payroll Module Convery 2013

  5. III. Financial Reporting • Monthly Reports to the Board • Audited Annual Financial Statements (Audits vs. Reviews vs. Compilations) • Reports to Grantors • IRS Annual Information Return Form 990 • Evaluation of Financial Performance Indicators • Federal Audit Requirements and A-133 Audits Convery 2013

  6. IV. Financial Management Policies • Investment Policy • Capital Asset Policies • Operating Funds and Performance Measures • Fundraising; Development Activities; Restricted Contributions • Endowment Funds – Spending Policies Convery 2013

  7. V. Human Resources Policies • Organizational Chart • Job Descriptions • Employment Policies • Fringe Benefits • Performance Evaluations • Compensation Policy • Whistle-blower policy Convery 2013

  8. VI. Accounting Procedures • Budgeting • Cash • Petty Cash • Checking and Savings Accounts • Bank Reconciliation • Investments • Billing and Accounts Receivable • Purchasing and Accounting Payable Convery 2013

  9. VI. Accounting Procedures, cont’d. F. Payroll G. General Ledger H. Grants I. Exchange Transactions (Sales) and Sales Tax Reporting J. Contributions and Nonexchange Transactions K. Cost of Programs and Allocation of Costs L. Volunteer Services and Gifts-in-Kind M. Insurance (Property and Liability) Convery 2013

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