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Lab: Establishing Financial Controls

  • WeWork River North 111 West Illinois Street Chicago, IL, 60654 United States (map)

Speaker: Megan Angle, CPA, Porte Brown LLC

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No matter how compelling your programming, foundations want to know that you have sound financial management practices in place. At this lab, you’ll learn how to develop appropriate policies and procedures for your internal financial controls. This lab is targeted to small nonprofit arts organizations with a staff of 1-15 individuals. The learning objectives include how to:

  • Create segregation of duties with a small staff
  • Determine policies for invoice preparation, approval and processing
  • Develop standard operating procedures for employee expense reimbursements and credit cards
  • Implement appropriate and reasonable controls over cash

Price: $35/person

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Megan Angle is a Certified Public Accountant and Supervisor on Porte Brown's Not-for-Profit and Audit services team in the Elk Grove Village office. Porte Brown LLC is a full service accounting and consulting firm. In addition to the traditional accounting services, such as tax planning and preparation, audit, business valuations, and retirement plan administration, Porte Brown also provides strategic consulting and leading-edge technology implementation for clients in cloud and non-cloud environments. Megan’s experiences and knowledge have provided her the opportunity to speak on topics including nonprofit board governance, fundraising and financial management for the Axelson Center for Nonprofit Management, the Junior League of Chicago and the Arts & Business Council of Chicago. Megan also serves as a member of the Illinois CPA Society Board of Directors’ Young Leaders Advisory Council and as a member of the Young Professionals Committee.