Board Fiduciary Oversight: A Deeper Dive for Treasurers and Finance Committees

​Serving as a Treasurer or member of the Finance Committee carries a heightened responsibility for understanding and ensuring the financial health and long-term sustainability of a nonprofit organization. Participants in this workshop will deepen their understanding of core fiduciary responsibilities while exploring how to set and support financial strategy in a time of change and uncertainty.

Facilitated by Hilda Polanco, Practice Leader, Nonprofit & Grantmaker Advisory Services, from leading finance advisory firm, BDO, the session will cover cash flow management, reserve strategy, and how to partner effectively with staff leadership, as well as:

• ​Understanding and assessing revenue risk

• ​Guiding principles and practices for scenario planning

• ​Financial planning as a tool to managing windfall gifts and funding cliffs

• ​Understanding the “full cost” of programs and indirect cost recovery

• ​Alternative operating models and other strategies to support the sustainability of the mission

​Agenda:

​8:30 AM — 9:00 AM: Coffee + Networking [Optional]
9:00 AM — 11:00 AM: In-Person session [Facilitated by BDO]

​In-person session only. Registration is required with additional registration requirements below:

• ​Intended participants are members of the board including the Treasurer, Finance Committee Chair, or (if the others are unavailable) the Board Chair

• ​Participating organizations are required to bring at least one member (see above) and one staff member: either the CEO or the CFO/Finance Lead

​Attendees should come prepared to bring the following information with them:

• ​Most recent budget package submitted to the board for approval

• ​Latest quarterly report package prepared for the board.