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FINANCIAL REVIEW PROCESS. FINANCIAL REVIEW PROCESS. ONGOING ACTIVITIES F & A completes monthly review and reports CCA Board reviews monthly report Income Statement and Balance Sheet to MAs monthly F & A Chair updates at CCA Chair / MA Presidents monthly calls. FINANCIAL REVIEW PROCESS.

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financial review process1
FINANCIAL REVIEW PROCESS

ONGOING ACTIVITIES

  • F & A completes monthly review and reports
  • CCA Board reviews monthly report
  • Income Statement and Balance Sheet to MAs monthly
  • F & A Chair updates at CCA Chair / MA Presidents monthly calls
financial review process2
FINANCIAL REVIEW PROCESS

VARIANCE REPORTING

  • Level of materiality $25,0000 or 1/3 %
  • CEO identifies variances
  • CEO provides cause and corrective action
financial review process3
FINANCIAL REVIEW PROCESS

POLICY REVIEW AND DEVELOPMENT

  • F & A annually reviews applicable ELs and BGs
  • F & A continually reviews policy for risk reduction & process improvement
financial review process4
FINANCIAL REVIEW PROCESS

AUDITED FINANCIAL STATEMENTS

  • F & A, CCA Auditors, CEO, COO, have a pre-audit meeting
  • Independent audit of Operations occurs
  • CCA Auditor and F & A review audit results
  • CCA Auditor and Board review audit results
  • CCA Auditor attends NCC Business session
  • F & A presents financial results to NCC/AGM
  • Event audits are completed in the Fall
  • CCA Board accepts event audited statements
  • F & A reports event audit compliance to MAs
financial review process5
FINANCIAL REVIEW PROCESS

BUDGET COMPLIANCE

  • F & A reviews CCA operational budget for compliance
  • CCA Auditors reviews and confirms items during audit
  • F & A provides report to CCA Board
  • CEO presents budget to CCA Board
  • CCA Board confirms compliance