Coldharbour – ORE DRAFT Resolution 2015.8:Fiscal Policy
Summary
As an organization, Coldharbour/ORE is committed to the following best practices in management of our finances. 1. Oversight 1.1. All Coldharbour finances will be managed by a contracted third party bookkeeper. 1.2. Prior to all board meetings, the contracted third party bookkeeper will provide financial statements to the executive director who will review these statements and pass them on toall board members who will also review these financials. The Coldharbour/ORE board will discuss and resolve any concerns or discrepancies and approve financial statements at each board meeting. 1.3. it is the responsibility of all board members to review all financial reports and budgets and maintain an awareness of the financial state of Coldharbour/ORE. 1.4. Restricted funds:Funds with certain restrictions and designations can only be used for those specific designations and in accordance with restrictions. Quarterly financial reports will we presented to the board that show clearly how funds in different restricted categories are being used. 2. Budget Process and Implementation 2.1. The board of Coldharbour/ORE shall approve an annual operating budget for each calendar/fiscal year that will project income and expenses and will provide for programs and support services as outlined in the work plan for the year. The board will approve the annual budget prior to the start of the fiscal/calendar year.
Local Knowledge Graph (9 entities)
Stakeholders (3)
Agencies, organizations, and groups mentioned as actors in this document.
Concepts & Topics (4)
Related Works
Items connected by shared entities, co-authorship, citations, or semantic similarity.