Financial Leadership Series - 2012 - 2013
Number Crunching for Nonprofits - Putting the Pieces of Financial Management Together
Nonprofits have an obligation to act as responsible stewards in managing financial resources to effectively accomplish their mission.Meeting legal requirements and following sound accounting principles is critical to building public trust.

This four part series is an advanced “hands on” learning opportunity, appropriate for small to midsized nonprofits. Executive Directors, Financial Managers, Finance Committee and Board Members will gain the knowledge and tools to use their financial resources effectively and learn how to establish clear policies and practices to monitor the use of funds.

A guide including tools, templates and best practices will be provided and used throughout the series. You may attend the entire series or select the workshops most relevant to you.

Each workshop will be held (consecutively) at Baker College of Jackson from 9:00am – 12:00pm, on the third Tuesday of October, December,

February, May.

Part I

The Basics of Financial Management

This three hour workshop will provide an overview of Generally Accepted Accounting Practices for nonprofits. Learn the relevance and basic application of internal controls, asset and cash management, chart of accounts and budgeting and explore board/staff accountability.

This course is for you if:

Your board is approving all individual expenses
You are not a financial wiz
You don’t know how to predict your cash flow
Your financial process is managing you – you aren’t managing your financial process
You don’t have enough people in your organization to effectively manage segregation of duties

Part II

Budgets, Planning and Cash Management

Participants in this workshop will be able to take what they have learned and apply it to their day-to-day budgeting practices as well as to their conversations with board and other stakeholders.

This course is for you if:

You don’t know where to begin when it comes to projecting revenue and expenses.
You feel like your cash flow is out of whack
You have trouble identifying “which expense goes where”
You are not sure how to plan your revenue

Part III

Financial Reports

This workshop increases the comfort level of nonprofit managers and board members in reading and interpreting financial statements. Using nonprofit examples, we will review the statements of activities and financial position and explore how these statements can be used together to inform strategic planning.

Workshop participants will:

Review the fundamental concepts and structure of nonprofit financial statements
Discuss techniques for interpreting this data and incorporating it into decision making
Explore how to set goals that help maintain financial health

Part IV

Critical Financial Policies

Policies guide you in your day to day operations and protect you if things go awry. Explore essential financial policies and procedures: Conflict of Interest, Whistleblowers, Gift Acceptance, Internal Controls, and Finance Policies.

Participants will:

Understand the purpose and use of each policy and procedure
Work with concrete examples of each type of policy
Be introduced and have accesses to the Center for Risk Management Policy development tool

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Nonprofit Network 536 N. Jackson Street, Jackson Michigan 49201
517-796-4750