Nonprofit Financial Commons | michele | Activity https://nonprofitfinancials.org/members/michele-cecilgmail-com/activity/ Activity feed for michele. Wed, 03 Jun 2026 22:29:33 -0500 https://buddypress.org/?v=2.3.70 en-US 30 hourly 2 0c5ee593819c3a8bed6558521f7d2bc2 michele replied to a discussion in the forum Your Community Awaits https://nonprofitfinancials.org/forums/topic/is-every-board-member-legally-responsible-for-the-integrity-of-our-books/#post-1844 Fri, 01 Dec 2023 02:34:02 -0600 Reply to Is every board member legally responsible for the integrity of our books?

I agree with previous responses. I am Attorney.

The board members can’t depend on other board members to fulfill their duties. But if the treasurer represents the financial statements are correct, trust me then the board should trust them but still read the financial statements. The board members have to verify others assertions.

]]> c61d6a047310fde355623228a525812e michele replied to a discussion in the forum Your Community Awaits https://nonprofitfinancials.org/forums/topic/allocating-severance-pay-retirement-insurance-functional-allocations/#post-1843 Fri, 01 Dec 2023 02:26:24 -0600 Reply to Allocating Severance Pay/ Retirement Insurance - Functional Allocations

This is a retirement benefit expense. Expensed currently. I don’t see how you can use previous or historical percentages. These retirement benefits do not futher current programs. Allocating to historical work does not assist in compliance and doesn’t make transparent. Nor does it assist in budgeting, performance evaluation or strategic planning.…

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