Financial Directors & Assistant Financial Directors Breakout Session
-
Upload
calvin-fischer -
Category
Documents
-
view
22 -
download
2
description
Transcript of Financial Directors & Assistant Financial Directors Breakout Session
![Page 1: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/1.jpg)
Financial Directors Financial Directors
&&
Assistant Financial Assistant Financial Directors Directors
Breakout SessionBreakout Session
Show me the Money!!
![Page 2: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/2.jpg)
Your primary responsibility is
maintaining financial accounting
for the entire leadership board,
including service teams
Financial Directors and Assistant Financial Directors
![Page 3: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/3.jpg)
As the Financial Director, you…
Maintain financial records of income & expenses for board & service teams
![Page 4: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/4.jpg)
As the Financial Director, you…
Verify and track requests from service teams
![Page 5: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/5.jpg)
As the Financial Director, you…
Respond to service teams concerning board approval of project funding
Your Chapter may ask another leader to take on this responsibility.
![Page 6: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/6.jpg)
As the Financial Director, you…
Have responsibility for the
Chapter Checking account
![Page 7: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/7.jpg)
Checking Account
The bank will make funds from both local and non-local check deposits available for withdrawal on the first business day following the date of deposit.
![Page 8: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/8.jpg)
As the Financial Director, you…
Collect & retain receipts from service teamsand verifies service team expenses
![Page 9: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/9.jpg)
As the Financial Director, you…
Are responsible for year end financial audit
![Page 10: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/10.jpg)
The Annual Audit
A year end audit is required and is due into the home office at the end of February.
![Page 11: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/11.jpg)
The Annual Audit
It is a two part audit – a performance as well as a financial audit.
![Page 12: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/12.jpg)
The Annual Audit
The Audit Committee must consist of at least three chapter members, but additional nonmembers may (and
should) serve.
![Page 13: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/13.jpg)
Resources
Thrivent provides a Quicken or Excel template for bookkeeping
Templates can be downloaded from the website (ChIP)
![Page 14: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/14.jpg)
Resources
Keep your Care Abounds funds & operating funds separate by using the new operating funds tracking sheet on
the Chapter Administration Page.
![Page 15: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/15.jpg)
Resources
Online Banking with Thrivent Bank
Requesting funds online tutorial available: www.thrivent.com/members/volunteer/training.html
![Page 16: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/16.jpg)
Resources
Quick Reference Guides
a. Financial Director Roleb. Quickenc. Excel templatee. Use of Operating Funds
![Page 17: Financial Directors & Assistant Financial Directors Breakout Session](https://reader035.fdocuments.us/reader035/viewer/2022072013/56812c77550346895d911b02/html5/thumbnails/17.jpg)
Questions?
Fraternal Help Desk 1-800-236-3736 option 3
Thrivent Bank1-866-226-5225