[OMS_MANAGERS] Bookkeeping audit/review

[Kelly Haverkate]

It's ALL been great info, thank you everyone!
Have a great holiday!
Kelly

On Thu, Dec 19, 2019, 3:26 PM W Darin Rutledge, Executive Director <
darin at downtownklamathfalls.org> wrote:

> Wow – wish I had seen this stuff before I replied! Great info.
>
>
>
> *From: *OMS_MANAGERS <oms_managers-bounces at listsmart.osl.state.or.us> on
> behalf of STUART Sheri * OPRD via OMS_MANAGERS <
> oms_managers at listsmart.osl.state.or.us>
> *Reply-To: *STUART Sheri * OPRD <Sheri.Stuart at oregon.gov>, Oregon Main
> Street program managers <oms_managers at listsmart.osl.state.or.us>
> *Date: *Thursday, December 19, 2019 at 1:39 PM
> *To: *Oregon Main Street program managers <
> oms_managers at listsmart.osl.state.or.us>
> *Subject: *Re: [OMS_MANAGERS] Bookkeeping audit/review
>
>
>
> Hi Kelly,
>
>
>
> Here’s a link to an article on Blue Avocado (a really terrific on-line
> source for board and nonprofit info) that specifically addresses this
> issue. It is an opinion written by an attorney. In a nutshell, he advises a
> review if budgets are constrained unless there is suspicion of mishandling
> of funds, then an audit would be appropriate. I was taught an audit every
> few years, but that was before costs have escalated – maybe time to
> re-think? This article is definitely food for thought.
>
>
>
>
> https://blueavocado.org/finance/attorney-recommends-review-instead-of-audit/?highlight=Audits
>
>
>
> On a separate note, attached is an excellent handout I found on-line a
> while back on financial oversight by a nonprofit board. Recommended reading
> for every board member!
>
>
>
> Cheers, Sheri
>
>
>
> *From:* OMS_MANAGERS [mailto:
> oms_managers-bounces at listsmart.osl.state.or.us] *On Behalf Of *Kelly
> Haverkate
> *Sent:* Thursday, December 19, 2019 1:20 PM
> *To:* Managers OMS
> *Subject:* [OMS_MANAGERS] Bookkeeping audit/review
>
>
>
> Hi All
>
> Our board thought it might be a good idea to have someone look over the
> books (for the first time ever...)  Just to cover ourselves and make sure
> everything is on the up and up.l.  Do you know what is maybe required
> and/or what other small non profits do?  Would we need a full on Audit, or
> does a review of the books look just as good?
>
> We don't have a lot going in and out.  Just event income, sponsorships and
> donations being deposited and standard insurance, advertising, event bills
> etc being paid out.
>
> Would love any input and ideas from you guys.
>
>
>
> Thank you!
>
>
>
> Kelly Haverkate
>
> Downtown Dayton
>
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