The Financial Policies & Procedures Manual for

Uptown Multi-Cultural Art Center

A BASIC POLICY STATEMENT

UM-CAC is committed to responsible financial management. The entire organization
including the board of directors, administrators and staff will work together to
make certain that all financial matters of the organizations are addressed with
care, integrity and in the best interest of UM-CAC.

The policy and procedural guidelines contained in the handbook are designed to:

1) Protect the assets of UM-CAC;

2) Ensure the maintenance of accurate records of UM-CAC's financial activities;

3) Provide a framework of operating standards and behavioral expectations; and,

4) Ensure compliance with federal, state and local legal and reporting requirements.

The Executive Director of UM-CAC has the responsibility for administering these
policies and ensuring compliance with procedures that have been approved by the
Board of Directors. Exceptions to written policies may only be made with the
prior approval of the Finance Committee. Changes or amendments to these policies
may be approved by the Board of Directors at any time. A complete review of the
policies shall be conducted every (odd year) two years.

Every Director and every Administrator with financial related responsibilities is
expected to be familiar with and operate within the parameters of these policies
and guidelines.

ADOPTED BY THE UM-CAC BOARD OF DIRECTORS
ADD DATE HERE

Manual Contents Page

2001 Uptown Multi-Cultural Art Center (UM-CAC). Click here for contact Info or to E-mail UM-CAC at umcac@art-teez.org click here. Ph.773/561-7676

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