SEPARATION OF DUTIES

* The check signer(s) must not be the person who writes checks or who does the
bookkeeping. With staff we will separate the bookkeeping function from the check
writer (Executive Director).

* Bank statements are reconciled by other than the check signer(s) or writer(s).
Our Treasurer and Executive Director reconcile our accounts. This helps us share
knowledge of the software as well as spread responsibility within the agency.

* Deposit documentation and reconciliations are prepared by a person other than the
one recording the receipts. Our Executive Director reviews documentation at the
time of the reconciliations with the Treasurer.

In our pre-seed funding level a dedicated Executive Director will complete all
tasks that another volunteer or staff person is not present to perform until
such time as they exist. As UM-CAC grows these tasks will be assigned increasingly
to a Treasurer, a Financial Committee Member, an Office Aide, an Accountant, and
one day, if we sell t-shirt art enough - a Financial Administrator managing a
department.

Manual Contents Page

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

Introduction

SPW Art

T-shirts Sold