Maximizing Governance: Financial Management

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Location

Metro Hall, Room 309

55 John Street

Toronto, ON M2N 5V7

Canada

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Description

OCASI, in partnership with Access Alliance Multicultural Health and Community Services, St. Stephen's Community House, Social Planning Toronto, and onBoard Canada, is pleased to offer Financial Management, the third in a series of ten workshops on governance. These workshops are intended for board members and executive directors of incorporated, community-based not-for-profit organizations. Eight of the workshops, including Financial Management, will be available as webinars for public viewing.

Spaces are limited, so register early! We ask that each organization send no more than two people to each workshop. Registration is first come, first served.

Summary

This workshop is intended for board members of Not-for-Profit (NFP) organizations who want to improve their understanding of their fiduciary responsibilities and learn about challenges and solutions for not-for-profits in managing their finances.

Topics

  1. Learning the responsibilities of directors in financial matters for NFPs
  2. Styles of board financial management – policy, management, working
  3. Understanding your stakeholders – funders, clients, staff, regulatory bodies
  4. How to ensure board members understand the financial statements
  5. How to assess financial health and sustainability
  6. Setting reporting expectations for actuals, budgets and long term planning
  7. Coping with multiple funds/programmes, overhead, allocations and capital budgets
  8. Explaining the financial differences between charities and not-for-profits
  9. The T3010 Annual Information Return (including disbursement quota)
  10. Learning key risks and putting in place appropriate controls
  11. Understanding financial obligations and reserves
  12. Options for operating and board financial roles and structure
  13. Importance of supervision and the audit
  14. Technology and tools awareness
  15. Expectations and communications

Facilitator: Brian Traquair, Management Advisory Service

Brian is a retired software industry business executive with board and officer experience with several non-profit organizations as well as assignments with MAS.

In a 35-year career, Brian managed financial technology businesses around the world within firms such as Reuters, SunGard (www.sungard.com) and FIS (www.fisglobal.com). He is now a director and advisor to a number of FinTech start-up companies in Canada, and Chairman of Asset Control (www.asset-control.com).

Brian has been a Board member and Treasurer of Runnymede United Church for 25 years (www.runnymedeunited.org), and was Treasurer and a Board member of Presbyteries of Toronto Conference Corp. for 14 years (www.ptccorp.org). He is a mentor with Futurpreneur Canada (www.futurpreneur.ca). He is a Board member of the neighbourhood Bloor West Nursery School (www.bloorwestnurseryschool.com). He is a Board member of CODE (www.codecan.org), Canada’s leading international development agency focused on advancing literacy and education.

Brian brings experience in strategy, governance, management, organization, process, leadership, finance and technology. Brian has a B Math from the University of Waterloo, and an MBA in Finance and Marketing from York University.

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Date and Time

Location

Metro Hall, Room 309

55 John Street

Toronto, ON M2N 5V7

Canada

View Map

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