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--></style></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Wow – wish I had seen this stuff before I replied! Great info. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='color:black'>From: </span></b><span style='color:black'>OMS_MANAGERS <oms_managers-bounces@listsmart.osl.state.or.us> on behalf of STUART Sheri * OPRD via OMS_MANAGERS <oms_managers@listsmart.osl.state.or.us><br><b>Reply-To: </b>STUART Sheri * OPRD <Sheri.Stuart@oregon.gov>, Oregon Main Street program managers <oms_managers@listsmart.osl.state.or.us><br><b>Date: </b>Thursday, December 19, 2019 at 1:39 PM<br><b>To: </b>Oregon Main Street program managers <oms_managers@listsmart.osl.state.or.us><br><b>Subject: </b>Re: [OMS_MANAGERS] Bookkeeping audit/review<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Hi Kelly,</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>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.</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><a href="https://blueavocado.org/finance/attorney-recommends-review-instead-of-audit/?highlight=Audits">https://blueavocado.org/finance/attorney-recommends-review-instead-of-audit/?highlight=Audits</a> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>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!</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Cheers, Sheri</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma",sans-serif'> OMS_MANAGERS [mailto:oms_managers-bounces@listsmart.osl.state.or.us] <b>On Behalf Of </b>Kelly Haverkate<br><b>Sent:</b> Thursday, December 19, 2019 1:20 PM<br><b>To:</b> Managers OMS<br><b>Subject:</b> [OMS_MANAGERS] Bookkeeping audit/review</span><o:p></o:p></p><p class=MsoNormal> <o:p></o:p></p><div><p class=MsoNormal>Hi All<o:p></o:p></p><div><p class=MsoNormal>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?<o:p></o:p></p></div><div><p class=MsoNormal>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.<o:p></o:p></p></div><div><p class=MsoNormal>Would love any input and ideas from you guys.<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Thank you!<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Kelly Haverkate<o:p></o:p></p></div><div><p class=MsoNormal>Downtown Dayton<o:p></o:p></p></div></div></div></body></html>