Policy
Financial management
Budgets, signatories, grant tracking and reporting.
Draft for board adoption. This policy will be reviewed and adopted by the board at its first meeting, then reviewed every year. Questions? Use our contact form.
Controls
- Every payment needs two authorised people, one of them independent.
- No one approves a payment to themselves or a related party.
- Bank reconciliations every month, reviewed by the Treasurer.
- A budget approved by the board each year, with actual spending reported at every meeting.
Grants
Each grant is tracked separately, spent only on its agreed purpose, and acquitted on time. Unspent funds are returned or reallocated only with the funder's written agreement.
Reporting
We prepare annual financial statements, reviewed or audited as required for our size, and lodge an Annual Information Statement with the Australian Charities and Not-for-profits Commission. Statements are published on our reports page.