Saturday, December 28, 2019

Account Audits: A Best Practice

Dear New York DeMolay:


Among things that we are working on for DeMolay is best practices on the finance side. 


As a 501(c)3, New York DeMolay has a fiduciary responsibility to do routine audits of accounts of chapters, honor bodies, alumni accounts, etc/

 I have asked "Dad" Harry Needham III to undertake these audits. "Dad" Needham is a Past Executive Officer of Connecticut DeMolay and an Active Member of our Supreme Council. In this capacity he understands our organization thoroughly and understands how we operate. "

The basic items which need to be submitted are:
 - Bank statements for the past 24 months
- Receipts and Contracts for any expense over $250.
- Minutes showing where the expense was authorized or a signed payment voucher
- Copies of the 990 post card or confirmation email.

This is a routine best practice and I look forward to everyone's cooperation to get these done efficiently.

If you have a question on finance matters please feel free to drop me a note at PWBrusoe@gmail.com

I do want to emphasize this is merely to ensure we are following best practices and NOT because we think something is amiss.

Yours for a stronger New York DeMolay,

"Dad" Brusoe

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