Category: Board

(Elaine Dixon/Louise Kari) As members of the Finance Committee (FICO), we can say that money is not missing.  In order to cut a check, there is a process in place so that one person can’t just cut a check without approval by others.  Currently, 3 staff members are required just to complete the submission of a check for approval which then must be approved by 2 board members and finally a fourth staff member signs the checks.  This is an enormous division of duties which is the most effective method of preventing error or fraud.