Page 25 - AYO Governance Manual Draft
P. 25

FINANCE and FUNDRAISING



                                                   FINANCIAL POLICY
               Purpose
                 The policies below have been written to in accordance with best financial management practice to
                 achieve honest and prudent financial management of AYO’s financial resources and commitments.
                 The policies on the following topics combine to form AYO’s Financial Policy:

                 Cash received
                 Payment of Invoices
                 Reimbursement of Expenses
                 Honoraria
                 Fixed Asset Acquisitions and Disposals
                 Investments
                 Banking Arrangements
                 Record-Keeping
                 Reporting and Preparation of Financial Statements
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