FINANCIAL REVIEW PROCESS

FINANCIAL REVIEW PROCESS

ONGOING ACTIVITIES

• F & A completes monthly review and reports

• CCA Board reviews monthly report

• Income Statement and Balance Sheet to MAs monthly

• F & A Chair updates at CCA Chair / MA Presidents monthly calls

FINANCIAL REVIEW PROCESS

VARIANCE REPORTING

• Level of materiality $25,0000 or 1/3 %

• CEO identifies variances

• CEO provides cause and corrective action

FINANCIAL REVIEW PROCESS

POLICY REVIEW AND DEVELOPMENT

• F & A annually reviews applicable ELs and BGs

• F & A continually reviews policy for risk reduction & process improvement

FINANCIAL REVIEW PROCESS

AUDITED FINANCIAL STATEMENTS• F & A, CCA Auditors, CEO, COO, have a pre-audit meeting• Independent audit of Operations occurs• CCA Auditor and F & A review audit results• CCA Auditor and Board review audit results• CCA Auditor attends NCC Business session• F & A presents financial results to NCC/AGM• Event audits are completed in the Fall• CCA Board accepts event audited statements• F & A reports event audit compliance to MAs

FINANCIAL REVIEW PROCESS

BUDGET COMPLIANCE

• F & A reviews CCA operational budget for compliance• CCA Auditors reviews and confirms items during audit• F & A provides report to CCA Board• CEO presents budget to CCA Board• CCA Board confirms compliance