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| Function: |
Governance |
| Policy: |
2.5 Financial Planning and Budgeting |
| CMHO Standard(s): |
G.B.1.7 |
| Approved: |
June 2008 |
2.5 FINANCIAL PLANNING AND BUDGETING
With respect to financial planning and budgeting, the Executive Director will not jeopardize the financial health of the organization. Accordingly, she/he will ensure budgets are prepared that:
- contain adequate information to enable accurate projection of revenues and expenses, separation of capital and operational items, preparation of cash flow, provision of audit trails and disclosure of planning assumptions;
- reflect conservative assumptions that aim at a balanced budget and
- do not deviate materially from Board stated priorities and are congruent with the Agency’s strategic directions.
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