TITLE : Fiscal Management 101: Best Practices for Managing Your Organization`s Finances
CITY : San Francisco , CA
DATE : Thursday, January 20, 2011
TIME : 8:30 AM - 12:00 PM
PRICE : $ 110.00
Fiscal Management 101: 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:

Douglas Burnet
VP Finance
The Catholic Foundation of Santa Clara County

Douglas has been involved in accounting and finance for 20 years. He is a "corporate cleaner" specializing in high-growth and difficult management situations such as start-ups, post-merger integrations and turnarounds. In his current position, he is responsible for all finance-related activities in a $100M foundation supporting the Catholic community in Santa Clara County. Previously, as Contractor at Robert Half Management Resources, Douglas served as Accounting System Analyst at a high-growth, pre-IPO biopharmaceutical multinational; as Interim Controller for a twenty million dollar art publisher in a post-bankruptcy acquisition; as special projects coordinator for a $75m publicly traded online advertising company and also as special projects coordinator for a high-growth insurance company. Before that, Douglas worked as Deputy Finance Director at Mother's Cake & Cookie Company where he was responsible for special projects relating to the post-merger integration of Mother's Cake & Cookie Company into Parmalat Baking Group North America. Parmalat represented a consolidation of nine separate baked goods manufacturers with annual sales of $1 billion. Douglas previously served as a volunteer Board member for Precita Eyes Mural Arts and ArtSF, and performed additional volunteer work at KALX-FM in Berkeley. He earned a BS from UC Berkeley's Haas School of Business.

Cassie Will
CEO
Gaygreets Foundation

Cassie has been involved in financial development of non- profit organizations for the past 13 years. In her current position, she is responsible for raising capital, managing financial projections, financial reporting, auditing and board member updates for a local non-profit. Currently, Cassie is responsible for Gaygreets Foundation's multi- million dollar budget, cash flow, payroll, fund raising and billing. Additionally, she was able to increase fundraising and cash flow of over 200% her first year by decreasing overhead costs and implementing systems that allowed the business to run efficiently. In addition, she pioneered fundraising ideas never tested before, successfully. She earned her Bachelors Degree from SDSU, and teaching Credential from Teachers College at Columbia University.

 

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