financial directors & assistant financial directors breakout session

Financial Directors Financial Directors

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Assistant Financial Assistant Financial Directors Directors

Breakout SessionBreakout Session

Show me the Money!!

Your primary responsibility is

maintaining financial accounting

for the entire leadership board,

including service teams

Financial Directors and Assistant Financial Directors

As the Financial Director, you…

Maintain financial records of income & expenses for board & service teams

As the Financial Director, you…

Verify and track requests from service teams

As the Financial Director, you…

Respond to service teams concerning board approval of project funding

Your Chapter may ask another leader to take on this responsibility.

As the Financial Director, you…

Have responsibility for the

Chapter Checking account

Checking Account

The bank will make funds from both local and non-local check deposits available for withdrawal on the first business day following the date of deposit.

As the Financial Director, you…

Collect & retain receipts from service teamsand verifies service team expenses

As the Financial Director, you…

Are responsible for year end financial audit

The Annual Audit

A year end audit is required and is due into the home office at the end of February.

The Annual Audit

It is a two part audit – a performance as well as a financial audit.

The Annual Audit

The Audit Committee must consist of at least three chapter members, but additional nonmembers may (and

should) serve.

Resources

Thrivent provides a Quicken or Excel template for bookkeeping

Templates can be downloaded from the website (ChIP)

Resources

Keep your Care Abounds funds & operating funds separate by using the new operating funds tracking sheet on

the Chapter Administration Page.

Resources

Online Banking with Thrivent Bank

Requesting funds online tutorial available: www.thrivent.com/members/volunteer/training.html

Resources

Quick Reference Guides

a. Financial Director Roleb. Quickenc. Excel templatee. Use of Operating Funds

Questions?

Fraternal Help Desk 1-800-236-3736 option 3

Thrivent Bank1-866-226-5225