Publisher's Synopsis
John Carver: "Nothing gives boards more concern than the handling of money. They worry far more about how funds are protected and spent than about whether total expenditures produce a sufficient human outcome."
Is your board suffering concern and anxiety about how it will handle its fiduciary responsibility to the organization? Carver offers a strategic approach to the issue of finances and board responsibility. In Three Steps to Fiduciary Responsibility Carver reveals how a board can get down to the business of governing its organization′s financial planning by controlling budget values rather than budget members.
And, he shows how to address the separate issue of actual fiscal conditions by creating policies that safeguard an organization′s real fiscal health. Three Steps to Fiduciary Responsibility shows how to:
- Craft policy to safeguard the organization′s actual fiscal condition
- Use a sample budget policy form—which has been used by a large nonprofit organization—as a guide to creating your own
- Create a solid budget policy for management to follow that allows for flexibility while retaining integrity
- Decide which relationships, aspects, and characteristics of the budget should be of importance to the board
- Use policy language that constitutes an authoritative and reliable checklist for board and staff
