©2012 CliftonLarsonAllen LLP2
Learning Objectives
At the end of this session, you will be able to:
Speak with confidence about the importance of financial reservesto the long-term viability of your organization.
Prepare, communicate, and update a data-driven reserves policythat will build confidence with your organization’s keystakeholders.
Understand how this policy integrates with your financialplanning and reporting processes.
Create an interactive process to develop and adjust reservetargets that will engage your staff and board.
©2012 CliftonLarsonAllen LLP3
Why Nonprofits Need Reserves
To bridge cash flow needs
To maintain financial solvency
To weather economic cycles
To fund expected opportunities
To fund unexpected opportunities
To protect yourselves against unpredictable political behavior
To purchase and maintain productive assets
To drive capacity for new debt to fund major capital needs
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STEP 4: QUANTITATIVE MODELING for Retooling Your Financial Reserves
2012 Annual Gathering Handout
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