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.
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