1. Managing Your Money

2. Why does your organization need a money management plan?
To fulfill its purpose
To control your finances and cash flow
To maintain good relationships with your suppliers of goods and services
To establish your credibility in the community
To save you time and a great deal of worry
To devote time to the actual purposes of your organization

3. What does the everyday management of your money include?
Systems:
Accounting
Banking
Money-handling
Petty cash
Payroll
Payables and receivables
Grants management
Handling cash flow issues 3

4. What does the everyday management of your money include?
Decisions:
Computerizing your accounting
Types of bank accounts
What constitutes full-time employment
Which bills and obligations to settle first 4

5. What issues are involved in being tax-exempt?
Apply for state tax-exempt status
Make sure that the correct forms are used when purchases are made
Remove taxes that you've been paying on your phone, utilities, and any other regular payments
Fill out tax forms
Arrange and undergo a yearly audit 5

6. How do you handle cash flow?
Try to anticipate when cash flow problems may occur
Set your priorities beforehand
Develop a cash flow contingency plan based on your priorities and the situation of your organization 6

7. What are some day-to-day money management issues?
Shopping for goods and services
Negotiating with funders
Maintaining systems 7

8. What are some investment issues?
A Certificate of Deposit
A Money Market Account 8