Last week a member of the board of directors gave his meeting packet to a local chapter president. It included the parent organization’s proposed budget, roster of dropped members, and confidential contract proposals. When asked why, he said, “We’re a nonprofit, we have to share the information with members.” It is true there are regulations […]
Fifteen Examples of Sound Financial Policies
Fiscal integrity in an association or chamber of commerce may start with a foundation of solid financial policies. Policies are a subset of the organization’s governing documents. The policies guide volunteer leaders, especially the elected treasurer and a finance or budget committee. While every organization will have unique policies based on their situation and concerns, there […]
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