Page 11 - NCCAA Finance Board Accountability
P. 11
Board Roles and Responsibilities
1. Reserves and Cash Flow Management:
Maintaining appropriate reserves is
essential for financial sustainability. The
board should establish policies and
guidelines for building and maintaining
reserves to ensure the organization can
weather unexpected financial
challenges or pursue new opportunities.
Managing cash flow effectively is also
crucial to ensure the organization's day-
to-day operations are sustainable.