Found 589 Results
Reply To: Private: Managing and using cash reserves
I agree with the “it depends” school of thought on reserves planning. Three months is, to me, an irreducible minimum of operating reserves. My local…
Reply To: Private: Managing and using cash reserves
Jeff, yours is such an important point on the need for reserves being dependent to some extent on types of funding. Jon Pratt wrote a…
Reply To: Private: Managing and using cash reserves
We advise that the level of reserves should really be related to consistency, stability, and diversity of your funding. While we know that macro events…
Reply To: Private: Can salary keep pace?
We have a client that receives $11 / hour reimbursement for CNAs. They had to shut down the program because they simply can’t hire CNAs…
Reply To: Private: Can salary keep pace?
I love this idea of a one-time cost of living bonus. The nice thing is it then gives you time to see if inflation subsides.…
Reply To: Private: Advice for our first Single audit
I paid attention to the new Single Audit (also known as an A-133 audit) initiative by OMB when it was first introduced. Here’s a resource…
Reply To: Private: Separating restricted funds on financial dashboard
I think this will depend on two things: the look-and-feel of your dashboard and how much action those restricted funds see. If it’s an endowment…
Reply To: Private: Resilience is more complicated than a checklist of steps
I do have objections to “normal” as something that we should return to (or whether it existed in the first place), but I don’t necessarily…
Reply To: Private: Managing and using cash reserves
Steve, our finance committee has determined for now that 3 months reserve is the target, so when we budget each year we budget for an…
Reply To: Private: Can salary keep pace?
As a non-cash item, we did also do organization wide “rest days” during the pandemic. Over the past few years, we’ve given on average 4…