Financial Policies & Procedures Manual
Uptown Multi-Cultural Art Center (UM-CAC)

Table of Contents

I. Basic Policy Statement

A Well Known Philosophy For High Standards


II. Line of Authority

A System that Clearly outlines Who Has the Authority and Responsibility 
for the Financial Assets of the Organization and Provides Guidelines for 
Handling and Controlling Their Accumulation and Consumption


III. Indemnity Policy

An Organizational Mandate to Act In A Timely and Responsible Manner on 
Financial Information


IV. Investment Policy

An Organizational Climate Of Resource Development, Accumulation, 
and Protection

V. Financial Controls and Operating Procedures

Operations That Incorporate Controls, Checks and Balances, and 
Protection of Assets

Operating Procedures	

Separation Of Duties

Financial Reporting

Safeguarding Assets

Internal Controls


VI. Accounting Policies and Procedures

Generally Accepted Accounting Procedures and systems that accurately 
records all financial transactions occurring in an organization in a 
manner that provides management with the information it needs to 
make informed and timely decisions


Cash Receipts
     Overview Cash Receipts
     In-put - Receipts
          Apply to Revenues (tab)
     Printing Cash Receipts Journal

Cash Disbursements
     Cash Disbursements Policy
     Cash Disbursements Procedure
     Input - Payments
          Adding New Vendor Records
     Printing a Cash Disbursements Journal Report

Petty Cash
     Petty Cash Policies and Procedures
     Input - Petty Cash

Payroll
     Payroll Policies and Procedures
     Input - Payroll
     Input - IRS Payments

Reconciliations and Lost Checks
     Replacement of Lost Checks
     Bank Reconciliations

Billings and Receivables
     Policies and Procedures
     Input - Accounts Receivable

Accounts Payables
     Procedures
     Purchase Orders
     Purchase Orders/Receive Inventory
     Payments - the "Apply to Invoices" tab

Computer Controls

General Journal Entries

Financial Statements

Fixed Assets and Inventory Control

Miscellaneous

Business Record Retention Schedule

Links to Valuable Accounting Sites On-line

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