It is the intent of this organization to follow commonly accepted business practices when it comes to the operation and maintenance of the association. The MSCSA shall follow procedures consistent with the Legislative Auditor, the MN Charities Review Council, and the MN Council of Non-Profits.
1. The Treasurer ensures that financial policies are followed while the Executive Director manages the day-to-day financial operations of the MSCSA; 2. The Treasurer or the Executive Director may request an independent audit of the MSCSA financials. The Executive Director may withhold reimbursements during an investigation or audit to determine if a reimbursement is valid; 3. The Treasurer and the Executive Director shall work together to manage the fiscal operations of the Association. In areas of conflict, the final authority lies with the Executive Director. The Executive Director’s decision shall be reviewed by the Governing Council (herein referred to as GC); 4. In the event that an interim Executive Director is in place the Treasurer and Interim Executive Director shall work together to manage the fiscal operations of the Association. In areas of conflict, the final authority shall lie with the Fiscal Committee. The Fiscal Committee’s decision shall be reviewed by the GC; and 5. A balance sheet shall be provided to members at each GA and GC.
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