Category: 4.0 Financial

Policy Statement SelfDesign Learning Foundation (SDLF) is committed to minimizing errors and omissions, in addition to avoiding and detecting fraud. This policy is intended to ensure that there are internal checks and balances in place to safeguard the organization, maintain the integrity of our processes, and hold individuals accountable. Definitions Errors – an unintentional mistake […]

Policy Statement SelfDesign Learning Foundation (SDLF) is committed to ensuring that all payments for services, products and/or donations to the organization will be satisfactorily verified and accurate record-keeping practices followed. Definitions Suspicious transaction report – A suspicious transaction report is a type of report that you must submit to FINTRAC when a financial transaction occurs, […]

Policy Statement SelfDesign Learning Foundation is committed to ensuring that all payments through all formats are properly authorized. Definitions None / Term – definition Policy SelfDesign Learning Foundation will ensure that financial authority is delegated in a manner that allows for appropriate responsibility while maintaining governing fiduciary oversight. Protocol 1. Corporate Credit Cards Approved monthly […]

Policy Statement SelfDesign Learning Foundation (SDLF) is committed to regular financial reporting to meet accountability requirements and support decision-making by organizational leadership and the Board of Directors. Definitions None Policy SelfDesign Learning Foundation has developed regular internal financial reports for the Board’s review at their regular meetings and will include, at a minimum, a balance […]

Policy Statement SelfDesign Learning Foundation (SDLF) is committed to producing an annual budget in a manner to maintain the integrity of our purpose and accountability of our Leads. Definitions None Policy SelfDesign Learning Foundation will produce an annual balanced budget that will govern its operations for the ensuing year, identifying projected revenue from all sources […]

Policy Statement SelfDesign Learning Foundation (SDLF) is committed to safe financial practices that protect its assets to maintain accountability of our spending and the integrity of our financial statements. Definitions Capital Assets – tangible assets exceeding $500 and expected to last longer than one year are classified as capital assets. Policy SelfDesign Learning Foundation will […]

Policy Statement SelfDesign Learning Foundation (SDLF) is committed to safe practices when issuing credit cards to individuals to maintain accountability and integrity of our spending. Definitions None Policy SelfDesign Learning Foundation will only issue a credit card to an individual once a SelfDesign Credit Card Agreement has been completed and signed by the individual receiving […]

Policy Statement SelfDesign Learning Foundation (SDLF) is committed to reconciling all bank accounts. Definitions None Policy SelfDesign Learning Foundation will perform account reconciliations on a monthly basis in accordance with Generally Accepted Accounting Principles. Further, monthly reconciliations will be completed within 10 business days from the last day of the month or period being reconciled. […]