Financial policy template for nonprofit
[DOC File]CAPITAL PURCHASES & CAPITALIZATION THRESHOLD …
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Capital purchases not within the approved capital budget, or beyond the scope of the discretionary fund, must be specifically approved by the finance committee [or board]. To seek such approval the executive director must provide the price and rationale for the purchase and assurance of availability of financial resources to support the purchase.
[DOC File]DRAFT FISCAL POLICIES AND PROCEDURES MANUAL
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Revenues are classified as Temporarily Restricted Revenues on the audited financial statements, which are presented in accordance with Financial Accounting Standards Board (FASB) 116 and 117. D. Equipment, Furnishings, and Real Property: XYZ records equipment with a useful life of more than 1 year and cost of more than $1000 as an asset.
[DOCX File]Not-for-Profit Operating Reserve Policy
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Operating Reserve Policy. About this Tool. This tool contains sample elements that can be used in the creation of an operating reserve policy. As with any policy of this nature, the NFP may wish to consult their legal counsel or independent auditor for assistance in developing an operating reserve policy that is appropriate for the organization that has been customized based on the risks ...
[DOCX File]Nonprofit Financial Policy Guidelines and Example
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Nonprofit Financial Policy Guidelines and Example. Developing and adopting a written financial policy is a valuable practice for any nonprofit organization, no matter how small or large. Financial policies clarify the roles, authority, and responsibilities for essential financial management activities and …
[DOCX File]Not-for-Profit Conflict of Interest Policy
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A “Material Financial Interest” in an entity is a financial interest of any kind that, in view of all the circumstances, is substantial enough that it would, or reasonably could, affect a Responsible Person’s or Family Member’s judgment with respect to transactions to which the entity is a party. This includes all forms of compensation.
[DOCX File]Sample Indirect Cost Proposal Format For Nonprofit ...
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template. to . provide information . about your. organization, the . proposal, describe cost identification (program vs general and administrative), and allocation methodologies (costs allocated to direct costs and indirect costs). Please note the cost elements. li. sted i. n the. Cost Policy Statement section of this . template are. general ...
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