Ben and Mike answer questions from subscribers about budget preparation during periods of transition, policies prohibiting Board members from accepting personal gifts from vendors, writing off old inventory, and whether a Form 1099 must be issued for expense reimbursements that are lacking receipts.
PREVIEW SHORTER CLIP:
FULL 30-MINUTE VIDEO:
CHAPTERS
00:00 - Intro
00:35 - How to approach budget preparation during periods of transition
08:39 - Whether Board members should be prohibited from accepting personal gifts from vendors
09:07 - The difference between a charitable gift acceptance policy and a policy against Board members and staff accepting personal gifts
17:33 - How to deal with writing off older inventory
23:44 - Whether 1099s be issued for expense reimbursements when Board members fail to provide receipts
FURTHER READING
Funding Pipeline Reports Are Essential in a Changing World
Building a Contingency Plan for an Unexpected CEO Departure
Why Gift Acceptance Policies are Important and Must Be Periodically Reviewed and Updated
