TITLE : Financial Management: Best practices for managing your organization`s finances
CITY : Seattle , WA
DATE : Tuesday, October 16, 2012
TIME : 8:30 AM - 12:00 PM
PRICE : $ 110.00
Financial Management: Best practices for managing your organization`s finances
 

To run a nonprofit successfully, you need to raise enough money to accomplish its mission. However, just as important is your ability to steward the money raised so that you can account for every dollar raised. An organization is accountable to its board, staff and the general public to know how much revenue it is receiving and how that money is being spent. It also needs to ensure that grants and all other income are spent in the manner intended. 
 
In this session, we will cover best practices for the following:
- Creating and following an annual budget
- A system for tracking revenues by fund categories and by restricted versus unrestricted funds
-The importance of planning ahead for difficult financial times
- Appropriate internal controls to prevent improper uses of funding and to ensure that costs are controlled
- What to expect from an audit or financial review
- How to develop a reserve fund and financial policies, including an investment policy
 
You will walk away with best practices to safeguard your organization`s assets and account for its financial resources.
 
This session is intended for Board Members, Executives, Senior Staff and anyone who works with the organization`s Finances.

Learn more about Fiscal Management for Nonprofits and other tracks offered by the Center for Nonprofit Success.

Speakers for this session:

Eric Christensen
Director of Finance and Human Resources
Bellevue Convention Center Authority (BCCA)

Eric has been involved in financial management for 17 years. In his current position, he is responsible for administering the BCCA's accounting, budgeting, financial, human resources and information technology functions while improving processes and reducing risk. Eric is also a part-time Adjunct Faculty member at Seattle University and teaches Financial Management related to public and not-for-profit organizations. Before the BCCA, Eric worked as Budget Manager at City of Newcastle where he oversaw budgeting, accounting, payroll, AP/AR, asset management and investment functions. Eric currently serves as Finance Committee Member for KidsQuest Children's Museum located in Bellevue. He earned a Master of Arts in Public Administration from Seattle University and a Bachelor of Arts in Public Administration from Eastern Washington University. He is a member of Government Finance Officers Association, Washington Finance Officers Association, Puget Sound Finance Officers Association (Board Member) and Society for Human Resource Management.

Ryan Dean
Director of Finance & Administration
Seattle Aquarium

Ryan has worked in nonprofit financial management since 2005. Currently he is responsible for accounting, admissions, information technology and administration for the Seattle Aquarium, which recently became a nonprofit organization. In 2011 he was responsible for the first financial statement and A-133 audit as well as the implementation of the first institution-wide budget in the fall of 2010. In 2009 he worked extensively on due diligence and negotiations with the City of Seattle for the transition to nonprofit management. Prior to the Aquarium, he was a Finance Manager for a division of IBM where he was employed since 2000. Ryan has held finance positions in Seattle with Boston Market, Sequent Computers and Real Networks. He earned a MIM in International Management from the American Graduate School of International Management "Thunderbird" and a BBA in Finance from New Mexico State University.

Amanda O`Rourke
CPA
Greenwood Ohlund & Co

Amanda has been involved in nonprofit finance for 9 years. In her current position as a CPA, she is responsible for providing audits, review and compilations to nonprofit organizations, and preparation of form 990. She also helps various nonprofits manage day to day financial operations, and serves as a 'part time' finance director and CFO helping clients evaluate and maintain internal controls, prepare annual budgets, and successfully navigate yellow book (A133) annual audits. She has served as the finance director in house for Seafair where she was responsible for day to day accounting operations, budgeting, managing temporarily restricted funds, and an annual audit. She earned her Bachelors in Accounting from University of San Diego and a Certificate in Nonprofit Management from University of Washington. She is a member of Washington State of Society of CPAs. Amanda served as treasurer of Communities in Schools of Auburn for 6 years and is currently the Chair-elect of the Seafair Foundation.

Janet Pope
Executive Director
Seattle Musical Theatre

Janet has been involved in financial management for 15 years overseeing significant budget expansion in small and medium sized nonprofits. In her current position, she is responsible for oversight of all financial management systems including budgets and ongoing analysis, cash flow forecasting, and accounting safeguards. She has increased financial awareness among Board members and developed fiscal policy that meets generally accepted accounting principles. In addition, she has cultivated several new income streams to meet the mission, strategic plan and the newly launched 2.5 million capital campaign. Previously, as Director at Homestep/Church Council of Greater Seattle, Janet was responsible for all financial management, including oversight of 30 grant contracts. As Executive Director of The Interfaith Association of NW Washington, Janet expanded the budget from $100,000 to 1.5 million while implementing new fund development and financial management processes. Janet currently serves as a Board Member for two other nonprofits and consults through her agency, Common Bond Consulting. Janet has a bachelor's degree in theatre and communications, a Master's in Fine Arts and will be completing her Master's in Public Administration at Seattle University this year.

 

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