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Financial Management and Controls

Sound financial management is essential to determining the viability and impact of short and long-term business decisions. Guided by governing policies, well-defined procedures establish the parameters for documenting, monitoring and reporting on financial matters.

Well-defined financial policies, procedures and controls ensure that the organization’s financial status is monitored regularly and financial risks are reduced.

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Sustainable non-profit organizations will conduct a financial review or an audit annually
A sustainable non-profit organization will structure a Finance Committee to review and monitor the organizations finances.
The policies and procedures that sustainable non-profit organizations have in place.
A sustainable non-profit organization will have appropriate internal controls.