Federation/council

Role of local councils & federations

Each local program has a federation or council that makes decisions about their local program, including a budget for local 4-H programming. 

Policies

Roles & responsibilities - finance team members, who does what

Account types - checking, savings, certificates of deposit, University of Minnesota Foundation

Budget - develop a budget, steps for approval, systems & forms for tracking & reporting

Financial practices - deposits, purchases, uncashed or insufficient funds checks, tracking forms & guides

Income - fundraising approval, management & reporting

Reconciling & reporting - best practices, year-end reporting, financial timeline, financial records

Taxes & exemption - maintain and file tax forms

Resources

Calendar of financial tasks (Google Doc) - when to reconcile, review and report

Chart of accounts - standard list of accounts to use

Forms - financial forms needed during the year

Quickbooks - user guides, video tutorials, printing reports

Terms we use - meanings of words we use in financial documents

Contact

Pat Morreim, program manager, morre002@umn.edu, 763-427-5428