Page 16 - NCCAA Finance Board Accountability
P. 16
Questions Board Members Should Ask?
✓ How does the organization's current
financial performance compare to the
budget? Review the budget versus actual
financial reports to identify any significant
discrepancies and understand the reasons
behind them.
✓ Are there any cash flow concerns? Evaluate
the organization's cash flow management,
including cash reserves, accounts receivable,
and accounts payable, to ensure that the
organization can meet its short-term financial
obligations.