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Financial Directors & Assistant Financial Directors Breakout Session

Show me the Money!!. Financial Directors & Assistant Financial Directors Breakout Session. Financial Directors and Assistant Financial Directors. Your primary responsibility is maintaining financial accounting for the entire leadership board, including service teams.

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Financial Directors & Assistant Financial Directors Breakout Session

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  1. Show me the Money!! Financial Directors & Assistant Financial Directors Breakout Session

  2. Financial Directors and Assistant Financial Directors Your primary responsibility is maintaining financial accounting for the entire leadership board, including service teams

  3. As the Financial Director, you… Maintain financial records of income & expenses for board & service teams

  4. As the Financial Director, you… Verify and track requests from service teams

  5. As the Financial Director, you… Respond to service teams concerning board approval of project funding Your Chapter may ask another leader to take on this responsibility.

  6. As the Financial Director, you… Have responsibility for the Chapter Checking account

  7. Checking Account The bank will make funds from both local and non-local check deposits available for withdrawal on the first business day following the date of deposit.

  8. As the Financial Director, you… Collect & retain receipts from service teamsand verifies service team expenses

  9. As the Financial Director, you… Are responsible for year end financial audit

  10. The Annual Audit A year end audit is required and is due into the home office at the end of February.

  11. The Annual Audit It is a two part audit – a performance as well as a financial audit.

  12. The Annual Audit The Audit Committee must consist of at least three chapter members, but additional nonmembers may (and should) serve.

  13. Resources Thrivent provides a Quicken or Excel template for bookkeeping Templates can be downloaded from the website (ChIP)

  14. Resources Keep your Care Abounds funds & operating funds separate by using the new operating funds tracking sheet on the Chapter Administration Page.

  15. Resources Online Banking with Thrivent Bank Requesting funds online tutorial available: www.thrivent.com/members/volunteer/training.html

  16. Resources Quick Reference Guides a. Financial Director Role b. Quicken c. Excel template e. Use of Operating Funds

  17. Questions? Fraternal Help Desk 1-800-236-3736 option 3 Thrivent Bank 1-866-226-5225

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