Our Rotary Foundation grant oversight is top notch! Here are some financial best practices with grant funds that our club treasurer and Foundation chair follow to make sure grants run smoothly and funds are secure:
• Follow a spending plan to distribute and use grant funds for the stated purpose in a timely manner.
• Make project-related expenditures by cheque or other traceable method.
• If payments are made electronically by one person, maintain a paper trail showing that the payment was approved by both signatories.
• Maintain detailed receipts and record each transaction in a ledger. The ledger should list each transaction, noting the date, amount, and reason for the transaction
Are you interested in supporting or learning more about our Foundation? Ask Tamara Larsen, Foundation Chair, for information.
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