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Non-Profit Policies & Procedures Artsian Global Development

• Bank size (appropriate to meet company needs while maintaining
responsiveness and adequate service);

• Financial safety (e.g., FDIC ratings) and capital structure;

• Reputation;
• Location;

• Flexibility and lending philosophy and attitudes; and

• Operating efficiency and accuracy (use of technology, competence/
training of employees, etc.).

1.3 The CFO will also determine and document a information profile on qualified
banks with the above information and shall include, knowing how the bank makes
its credit decisions, who is responsible or involved in the decisions, and how long
the process takes.

2.0 BANKING POLICY AND ARRANGEMENTS

2.1 The operating account will be used for all deposits and disbursements. The
payroll account shall be maintained on an imprest basis only. Investment funds
should be limited to $100,000 per FDIC-insured institution.

2.2 The following banks are authorized by the Company for use and are assigned the
following uses:
Institution Assigned Accounts

Bank A Operating, Payroll, Money Market Investments, Credit
Card Receipts, and Revolving Line of Credit

Bank B Lockbox, International Letters of Credit, and CDs or
Money Market Investments
Bank C CDs, Money Market Funds, Treasury Bills, and Notes

These banks have agreed to the following business arrangements:
• No service charges for checks, deposits, or statements;

• No charge for stop payments;

• Operating account balances over $25,000 are to be swept into a money
market fund at the bank's current rate; and

• No holdbacks on deposits, so funds are available immediately.

FCR103 – Banking Policy and Relations rev 0.0 Page 2 of 4

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