The SWDCRS will be hosting a Fundamentals of Finance seminar on Thursday, Mar. 25, offering a look at best practices for grassroots groups through a crash course on legal roles, financial statements and key financial elements.
The Zoom event will run from 7 p.m. to 9 p.m. and is completely free of charge.
Facilitated by Shari Hildred from Valmore Consulting Inc., the seminar will run down some of the basics that are crucial for the financial success of small not-for-profit organizations, especially those with tight budgets and no paid personnel or staff.
That includes:
- Understanding the board’s financial responsibilities as directors (fundamental fiduciary duties for non-profit board, financial planning and budgeting, finance committee and treasurer roles)
- Understanding financial risk and the importance of financial controls/policy
- Understanding basic accounting concepts and reports required (how to read, interpret, and understand the financial reports required for board meetings/legal requirements).
The course comes out of the realization that a lack of financial background can make successfully running a non-profit exceptionally difficult, with the SWDCRS aiming to increase financial literacy while taking away the mystery of financial concepts and reports.
Participants will receive a financial management checklist, financial policy checklist and will also have a chance to ask Hildred specific questions about their organization at the end of the seminar.
To register, you can click right here and a link will be provided a day prior to the event.
Feel free to contact christie@gosouthwest.ca for more information.
