Not all board members need to be familiar with financial terms and concepts, but each organization needs to develop a clear and explicit agreement for how financial accountability will be ensured. The following is a starting point for an agreement that the board and staff can make to ensure a partnership for accountability.
Starting with this template, a discussion on the finance committee with the executive director and the finance staff will go a long way towards clarifying roles.
Sample Board-Staff Agreement for Financial Accountability
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