Understanding Financial Reports and Budgets for Executive Directors - May 18

•         Assets, liabilities, net assets

•         Restricted and unrestricted funds

•         Allocated and indirect costs 

•         Capitalization and depreciation 

•         Grant reporting that crosses fiscal years 

•         Managing and monitoring budgets 

•         Cashflow Reporting

 

The workshop facilitator will provide an example of a financial report for your board that can be examined and understood in less than ten minutes.  Financial reports and budgets tell a story about an organization.  This workshop will provide you with the knowledge of how to read the story that your organization is telling others.  

 

Presenter Katherine Reilly is a Certified Management Accountant (CMA) with an MBA from Temple University and an Masters in Education from Eastern Washington State College. She is a consultant for nonprofits on financial matters and works part-time for the Nonprofit Center at LaSalle University's School of Business. She has been the Associate Secretary for Business and Finance at Philadelphia Yearly Meeting, the Finance Director at Big Sisters of Philadelphia and the Finance Director at MEND (a low-income housing program in New Jersey). Prior to becoming an accountant, she coordinated trainings for Big Sisters of Philadelphia and administered the adult education program at Lutheran Settlement House. She serves on boards of various nonprofits.