{"id":7531,"date":"2020-08-20T11:49:54","date_gmt":"2020-08-20T15:49:54","guid":{"rendered":"https:\/\/www1.specialolympicsontario.com\/resources\/?p=7531"},"modified":"2024-05-21T09:01:52","modified_gmt":"2024-05-21T13:01:52","slug":"financial-best-practices","status":"publish","type":"post","link":"https:\/\/www1.specialolympicsontario.com\/resources\/financial-best-practices\/","title":{"rendered":"Financial Best Practices"},"content":{"rendered":"<p><span style=\"font-family:Ubuntu; text-decoration:underline\"><strong>FINANCIAL BEST PRACTICES<br \/>\n<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Ubuntu\">The following are guidelines that communities should keep in mind:<br \/>\n<\/span><\/p>\n<p>\n\u00a0<\/p>\n<ul>\n<li><span style=\"font-family:Ubuntu\">Signing officers should never pre-sign cheques. It is the responsibility of each signing officer to check the expenses or invoice that is submitted against the approved budgets and ensure that only approved expenses are being paid for.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Ubuntu\">Money should only be reimbursed after an expense form is submitted with receipts attached and the submitted expenses are checked against the approved budgets.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Ubuntu\">SOO recommends that Staff and Volunteers use their credit card for out of pocket expenses and submit the expense form and receipts before interest is charged.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Ubuntu\">Cash Advances should never be issued.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Ubuntu\">Invoices should be sent directly to the community Treasurer when possible to avoid delays in payment or interest charges (the community is responsible for paying for any interest charges they incur).<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Ubuntu\">All cheques should remain with the community Treasurer.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Ubuntu\">It is recommended that signing officers not be related.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Ubuntu\">All cheques should be ordered through SOO, not through a local bank.<br \/>\n<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>FINANCIAL BEST PRACTICES \u00a0 The following are guidelines that communities should keep in mind: \u00a0 Signing officers should never pre-sign cheques. It is the responsibility of each signing officer to check the expenses or invoice that is submitted against the approved budgets and ensure that only approved expenses are being paid for. Money should only be reimbursed after an expense &#8230; <\/p>\n<div><a href=\"https:\/\/www1.specialolympicsontario.com\/resources\/financial-best-practices\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[157,284],"tags":[278,275,158],"class_list":["post-7531","post","type-post","status-publish","format-standard","hentry","category-communities-and-clubs","category-finance","tag-community-coordinator","tag-community-treasurer","tag-finance","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/posts\/7531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/comments?post=7531"}],"version-history":[{"count":0,"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/posts\/7531\/revisions"}],"wp:attachment":[{"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/media?parent=7531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/categories?post=7531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www1.specialolympicsontario.com\/resources\/wp-json\/wp\/v2\/tags?post=7531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}