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Retooling Your Financial Reserves

Retooling Your Financial Reserves

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2012 Annual Gathering Handout
2012 Annual Gathering Handout

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Published by: Catholic Charities USA on Jan 30, 2013
Copyright:Attribution Non-commercial


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©2012 CliftonLarsonAllen LLP1
    ©   2   0   1   2   C    l   i    f   t   o   n   L   a   r   s   o   n   A    l    l   e   n   L   L   P
 Retooling Your Financial Reserves
Catholic Charities USA Annual GatheringOctober 1, 2012Ben Aase and Bruce BraunewellCliftonLarsonAllen LLP
©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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