1. 8 th Edition Administration and Management Standards: Financial Management Joe Frisino Standards Development and Performance Measurement April 2006

2. October 15© Council on Accreditation 2005 All Rights Reserved Administration and Management Standards COA offers Six Sections of Administration and Management Standards Previously termed “G” (generic) standards.. that term has been retired Set forth and promote essential good business practices Implemented by all accredited agencies regardless of type of services delivered

3. October 15© Council on Accreditation 2005 All Rights Reserved Financial Management (FIN) "The organization’s financial accountability and viability are achieved through the application of sound financial management practices that accord with legal and regulatory requirements."

4. October 15© Council on Accreditation 2005 All Rights Reserved Core Concepts (FIN) FIN 1 Governing Body Responsibilities FIN 2 Internal Control Environment FIN 3 Financial Risk Assessment FIN 4 Stable Predictable Revenue FIN 5 Financial Planning FIN 6 Financial Accountability FIN 7 Financial Management System FIN 8 Payroll

5. October 15© Council on Accreditation 2005 All Rights Reserved Implementation Interviews with the Board, the CEO and CFO, finance personnel Budget, Board Minutes Financial Data, Procedures Audit and Management Letter

6. October 15© Council on Accreditation 2005 All Rights Reserved Thank you! Council on Accreditation 120 Wall Street, 11 th Floor New York, NY 10005 866-262-8088 www.coanet.org Joe Frisino jfrisino@coanet.orgjfrisino@coanet.org Ann Morison amorison@coanet.orgamorison@coanet.org