HHS245 W 8 Finances
HHS245 W 8 Finances
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Date Created: 11/12/15
1 The Florida Coalition for The Florida Coalition for the Homeless Name Axia College of University of Phoenix 2 The Florida Coalition for The Florida Coalition for the Homeless The Florida Coalition for the homeless is an organization built around helping the homeless to gain homes because they believe that no one in Florida should be without a home. They utilize funds from many sources to do this. The receive dues from their members, grants from individuals and organizations, and money from the government, to continue to help the homeless. They also receive money from fund raisers and events they put on for advocacy. Where someone to donate a large sum of money to the Florida Coalition for the Homeless they might wish to know where their money was being used. Questions to ask to find out such a thing would be: How does the coalition purchase items? Do they have a committee to decide where the money is spent or is it the responsibility of a single person? By what process is the monies usage made? Do they uphold the laws in how a non for profit organization can use funds? What programs would benefit. These questions will give the philanthropist an idea on how the money they wish to donate will be used (Florida Coalition for the Homeless ByLaws, 2008). According to the bylaws for the Florida Coalition for the Homeless (2008): Article VII Management of Funds Section 1: FCH funds shall be deposited in those banks, trust companies or other depositories as the Board may select, with checks to be withdrawn with signatures as the Board will prescribe. Section 2: The Board may authorize any Officer or Officers, agent or agents, to enter into any contract or execute and deliver any contract or other instrument in the name of and on behalf of FCH. Such authority may be general or confined to 3 The Florida Coalition for specific instances. No purchase, sale, or mortgage of real property shall be made unless authorized by the Board. All checks, drafts, and other evidence of indebtedness issued in the name of FCH must be signed or endorsed by such Officer or Officers, Employee or Employees, or Member or Members of FCH as will be determined by resolution of the Board. Each such Officer, Employee, or Member shall give bond as the Board may require at the expense of FCH. Section 3: The Board has the authority to appoint an Executive Director for the organization who will perform such functions as defined by the Board. Section 4: The Board may accept on behalf of FCH any contribution, gift, bequest, or device for the general purposes or for any special purposes of FCH only where the acceptance and disposition of any gift is strictly in accordance with the limitations of these Bylaws. Section 5: The books and records of FCH shall be made available for inspection by Members on any reasonable basis prescribed by the Board of Directors. These laws ensure that the funds utilized by the Coalition will be used in manners as per the best means possible. The funds that the coalition has access to are unreliable at best. They cannot be assured of the same amount of money coming in each year because of the many different ways in which they receive funding. So in response to this the Coalition has appointed a committee to ensure that the funds are used to the best possible means. They also are entrusted with creating the budget for the programs dependent on the Coalition’s funding. Each year the Coalition meets with the committee to discuss the coming year’s needs and 4 The Florida Coalition for the committee in turn decides how much each program has access to. Also new purchases must be run through this committee before they can be purchased. The Florida Coalition does its best to be sure to account for ever penny used. They want those that donate their money to know that it is being used for the purpose to which it was intended. They have set up both lawful and conscientious ways to dole out the money given to them that will help homeless find new homes, and to raise awareness of the needs of the homeless in Florida. Their endeavors have given many people a new hope and a new home. 5 The Florida Coalition for Reference Florida Coalition for the Homeless ByLaws. (2008). Approved by the Board Of Directors and General Membership. Retrieved June 20, 2010 from http://aca.org/images/constitution.pdf
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