SAFEGUARDING ASSETS

* The Executive Director shall have primary responsibility for ensuring that
proper Financial Management procedures are maintained and that the policies
of the Board are carried out.

* The Finance Committee shall provide fiscal oversight in the safeguarding of
the Assets of the Organization and shall have primary responsibilities for
ensuring that all internal and external financial reports fairly present its
financial condition. The Executive Director and the Treasurer are the Finance
Committee core around which this committee will grow.

* A proper filing system will be maintained for all financial records.

* Actual income and expenditures will be compared to the budget on an annual
basis until the annual expenditures exceed $25,000 and after that on a quarterly
basis.

* All excess cash will be kept in an interest bearing account.

* Bank statements are promptly reconciled on a quarterly basis.

* Documents on all securities and fixed assets will be kept in a locked
fire-proof file. Inventory records will contain description, serial numbers,
date of purchase or receipt, valuation and date of valuation.

* Appropriate insurance for all assets will be maintained as able.

Manual Contents Page

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