Found 754 Results
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…
Reply To: Private: Managing and using cash reserves
Kristine, That is really helpful. Thanks for sharing. Does your finance committee review and determine the level annually or how do you keep looking at…
Reply To: Private: Can salary keep pace?
We added an explicit factor in our compensation calculator for just this – to try to balance external salary survey data with our internal values…
Reply To: Private: Can salary keep pace?
In addition to annual salary increases, we gave every staff member one day’s pay as a bonus for staying with us during the two years…
Reply To: Private: Can salary keep pace?
We implemented a four-phase strategy that unfolded over a six-month period for phases 1-3. (Phase 4 is set to happen late fall 2022) 1. Followed…
Reply To: Private: Can salary keep pace?
We have a human resources committee of our Board of Directors that focuses on equity in salaries as well as monitors research on the “living…