Prior to the January Board Meeting the President and Vice President will review the previous year’s financial records.
They will do this by:
- Comparing the December (year-end statement from QuickBooks with the December Bank
Statement) Ending balances should be the same.
- Picking five (5) check numbers from the previous year’s check register on QuickBooks and seeing that there are matching receipts in the financial file for the year. Selections should contain large amounts and small amounts of money. If there is no receipt the Treasurer will conduct an investigation to determine why.
If all a criteria are met, the President and Vice-President shall sign off on the previous year’s financial report.
If an investigation is required the President shall approve the investigation and findings.
Adopted by the Board of Trustees September 17, 2014