1. MIE Conference Session: Telling your Financial Story
Learning to Use Charts and Dashboards to Engage and Teach Board and Management in a fun new way can transform your board meetings into proactive forward looking conversations and assist in the timely identification of important trends.

2. Overview of Accounting System
(1) Accounting Structure
Overview of Accounting System
Funding (Temporarily Restricted, Unrestricted/Undesignated)
Funding Sources
Federal:
Local Government:
Foreclosure Funds
Accounting Policy & Internal Controls:
General
Cash
Trust & Petty Cash Controls
Cash Receipts
Pre-numbered forms used for Trust Accounts
Deposit Slips Pre-numbered & Prepared outside Dept.

3. Cash Disbursements
Executive Director signs all invoices, expense reports, Credit card authorizations & check request, Journal Entries etc.
All checks signed by 2 check signers
Payroll
Executive Director approves all Direct Deposit
Fringe Benefits:
Segregation of Duties & Internal Controls:
Critical to prevent fraud as agencies are in danger from loss of cash and the potential loss of reputation, damage to donor relationships, negative publicity, loss of employees and even legal costs.
Fraud is committed by individuals in authority, trusted and respected. 

4. Proper Separation of Duties will:
Proper Separation of Duties will:
Increase integrity and dependence of reports
Provide a positive public opinion of the Agency
Protect the board and key employees from scrutiny
Maintain morale & high professional standards
Protect the Agency from the potential of theft, fraud or other financial loss.
Staff:
Personnel  
Support Staff Assistance

5. (2) Budgeting & Forecasting Budgets Operating Budget (1 year)
Capital Budget (Property and Equipment)
Board Investment Policy (2% of total revenue)
Operating & Capital Reserve Fund
Financial Reporting and Analysis
Reports prepared for Board, management, Grantors and other stakeholders
Overview and Economic Outlook
News Flash
Dashboard
Financial Reports

6. Administration
IT Risk Assessment, Data Protection & Policies
Server Upgrade & Computer System Update
Need a new Case Management System (Legal Server, PICA)
Secure Structure
Next Generation Firewall
Data Encryption (pdf & s)
Password – Changed Regularly
Updated Antivirus Software to Prevent Hacking

8. Actual Revenue/Expenses By Year (2009 – 2017)
2009
2010
2011
2012
2013
2014
2015
2016
2017
Revenue
833496
Expense
997409