Lab: Establishing Financial Controls

Submitted by ArtsBizChi on Wed, 02/14/2018 - 12:18pm
Wednesday, February 21, 2018 - 4:00pm to 6:00pm

No matter how compelling your programming, foundations and institutional funders want to know that you have sound financial management practices in place to responsibly manage contributed income. At this lab, you will learn how to develop appropriate policies and procedures for your internal financial controls to do just that. This lab is targeted to small nonprofit arts organizations with a staff of 1-15 individuals, but will also motivate small nonprofit organizations of any focus to streamline sound financial practices. 

The learning objectives include how to:

  • Create segregation of duties with a small staff
  • Determine policies for invoice preparation, approval, and processing
  • Develop standard operating procedures for employee expense reimbursements and credit cards
  • Implement appropriate and reasonable controls over cash
Location and contact
WeWork River North
111 West Illinois Street
Chicago  Indiana  60654
United States
Contact Phone Number: 
(312) 372-1876 ext. 105