Self-FISCAL EXAM Grades    0075-01   ZZall

                                                                   - - - Rejoice in the Lord always ... again I say Rejoice !!! - - -


                              TO:  Interested Ministries                                                                              FROM: Jim Bramer, Retired Auditor-CPA
                                                                                                                                                           FILE:  0075-01/all

                               RE:  Self-FISCAL EXAM Grades                                                                 Originated in March 2000                                         


        We recommend that a Ministry do some self grading of the following and self discovered agreed weaknesses that need attention.

       S U B J E C T:

STRONG

OKAY

WEAK

FISCAL OVERVIEW:

A>

Apparent Fiscal stability

______

_____

_____

B>

Debt management

______

_____

_____

C>

Realistic Fund Raising

______

_____

_____

D>

Staffer Funding

______

_____

_____

BOARD MATTERS

E>

"Independent" Nature

______

_____

_____

F>

Board is properly fulfilling its

responsibilities re finances

______

_____

_____

G>

A functioning non-staff volunteer

Treasurer

______

_____

_____

H>

A functioning Board Finance

Committee

______

_____

_____

I>

Ministry financial planning

and projections

______

_____

_____

J>

Overall protection of Ministry

tangible assets.

______

_____

_____

REPORTING & MANAGEMENT

K>

Adequacy of financial reporting

including Actual to Budget

______

_____

_____

L>

Management of your Accounting

system.

______

_____

_____

M>

Special Fund Accounting

______

_____

_____

N>

Effective use of a Computer system

for finances.

______

_____

_____

O>

Attention to Cash Flow Management

______

_____

_____

TRANX PROCESSING SYSTEM

P>

Cash Receipts, Disbursements

Purchases, Payables and Bank

Reconciliation.

______

_____

_____

Q>

Payroll

______

_____

_____

R>

Accounts Receivable

______

_____

_____

S>

Special Funds

______

_____

_____

T>

Fixed Assets

______

_____

_____

U>

Overall distribution of work functions

for internal controls.

______

_____

_____

                       We trust you find this a helpful tool toward betterments.

        Click here and discover more information about a service that we provide called our FISCAL FITNESS EXAM and resultant grades.  The list above covers all topics covered by our service, except matters pertaining to
 " IS THERE A TAX ISSUE ? ".
 


    And was   UPTD: December 15, 2010

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