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Learn about OCN's budget creation process, financial statements preparation, review by committees, and availability for your review. Includes revenue, expense, and audit details.
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Board of Directors Orientation Budget and Financial Statements
OCN Budget • Created by OCN staff at the end of the calendar year. • Submitted to the Finance Committee for review • Finance Committee approves the budget for consideration by the Full Board.
OCN Financial Statements • Prepared by an outside bookkeeping firm on a monthly basis • Reviewed by OCN Staff, Treasurer and Finance Committee • Presented to the Board at regular intervals • Always available for your review
OCN Financial Statements • Consist of multiple pages providing: • Overview of assets and liabilities • Monthly revenue and expenses • Monthly and year-to-date revenue and expenses in relation to budget • Revenue and expenses by program, by fund, and by month
Audited Financial Statements Financial Statements are sent to an independent CPA for review or full audit on a yearly basis.
Questions about Financial Statements … Leda Garside, Treasurer Jana R. Bitton, Executive Director