Dear Governance Matters,
What should be addressed by our new treasurer when she meets with the organization's accountants? What we have, financially:

• budgets with line items from past years
• a projected/working budget
• grants included in the budget
• income from membership dues
• main expenses are annual meeting, salaries for staff, office rent and board of director meeting expenses
• about $200,000 in investments, mostly bonds

Thank you,
J.

Dear J,
I would suggest that you contact Fiscal Management Associates.
They are a great source of information and would be able to help your treasurer with specific questions. You might also want to check out the CPA Journal article that addresses the role of the CFO vis a vis the board.

You and the treasurer might also want to check out the Good Governance Guide, particularly the section on Financial Oversight, which gives benchmarks for good performance as well as case studies with specifics on the role of the treasurer and the reports needed for good oversight.

Anne
Editor, Ask the Experts