Every year, our financial records are examined by an independent accounting firm that looks to see if CAN is spending its money in the way that CAN's contracts say the organization should.
For example, if Cropwalk gives CAN money for food and we spend it, CAN must have receipts for food in the amount they donated.
Every nonprofit that receives government funding, Washtenaw United Way funding, and Ann Arbor Area Community Foundation funding MUST have an annual audit.
Community Action Network is a recipient of these funds, and therefore, has to give its funders copies of CAN's annual audit every year.
The audit letter tells funders that CAN "passed the test" of using sound administrative practices. If we do not get this audit letter, we will not receive funding from most of our funders.
The bookkeeper must have the receipts to cover all of the expenses CAN claims.
In order to help CAN's families, operate programs, work with our students, etc., we all need to follow sound administrative practices to keep CAN in business, which means holding on to and submitting the receipts of any purchases made with a CAN credit card.
Thank you for your help with taking care of CAN's financial records!