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FINANCIAL REVIEW PROCESS

FINANCIAL REVIEW PROCESS. FINANCIAL REVIEW PROCESS. ONGOING ACTIVITIES F & A completes monthly review and reports CCA Board reviews monthly report Income Statement and Balance Sheet to MAs monthly F & A Chair updates at CCA Chair / MA Presidents monthly calls. FINANCIAL REVIEW PROCESS.

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FINANCIAL REVIEW PROCESS

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  1. FINANCIAL REVIEW PROCESS

  2. FINANCIAL REVIEW PROCESS ONGOING ACTIVITIES • F & A completes monthly review and reports • CCA Board reviews monthly report • Income Statement and Balance Sheet to MAs monthly • F & A Chair updates at CCA Chair / MA Presidents monthly calls

  3. FINANCIAL REVIEW PROCESS VARIANCE REPORTING • Level of materiality $25,0000 or 1/3 % • CEO identifies variances • CEO provides cause and corrective action

  4. FINANCIAL REVIEW PROCESS POLICY REVIEW AND DEVELOPMENT • F & A annually reviews applicable ELs and BGs • F & A continually reviews policy for risk reduction & process improvement

  5. FINANCIAL REVIEW PROCESS AUDITED FINANCIAL STATEMENTS • F & A, CCA Auditors, CEO, COO, have a pre-audit meeting • Independent audit of Operations occurs • CCA Auditor and F & A review audit results • CCA Auditor and Board review audit results • CCA Auditor attends NCC Business session • F & A presents financial results to NCC/AGM • Event audits are completed in the Fall • CCA Board accepts event audited statements • F & A reports event audit compliance to MAs

  6. FINANCIAL REVIEW PROCESS BUDGET COMPLIANCE • F & A reviews CCA operational budget for compliance • CCA Auditors reviews and confirms items during audit • F & A provides report to CCA Board • CEO presents budget to CCA Board • CCA Board confirms compliance

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