Resources on CIL Financial Management

The following list of resources is provided to supplement the trainings, publications and other resources on Financial Management contained on this website.

Financial Management and Related Policies - Policy Development Resources

• Downloadable Financial Management Resources from The BoardSource (Available for Purchase)
• Newsletter and Website on Nonprofit Management from Blue Avocado Newsletter
• Article on Nonprofit Audits from Blue Avocado Newsletter
• Article on Internal Controls from Blue Avocado Newsletter
• Article on Nonprofit Budgeting from Blue Avocado Newsletter
• Internal Monitoring Checklist, Heveron & Heveron, CPAs (PDF)
• Sample Budget Provided by Able South Carolina (xlsx)
• Sample Personnel Activity Report (docx)
• Sample Timesheet & Personnel Activity Report (PDF) 
• Sample Whistleblower Policy for Nonprofits from Blue Avocado Newsletter

Risk Management

• Developing Risk Management Policies for Your Volunteer Organization from the Nonprofit Risk Management Center (Available for Purchase)
• Sample Risk Management Plan Worksheet

Codes of Conduct and Corporate Compliance

• Principles and Practices in the Nonprofit Sector from The Council on Nonprofits
• Independent Sector Checklist for Accountability
• Principles for Good Governance and Ethical Practice Resource Center

Board Roles and Responsibilities

• Sample agreement for board members
• Board Source has downloadable policies on a variety of topic

Technology

• Tech Soup -  free and reduced cost software and other resources

Public Policies

• Policy from Independent Sector - updates on topics like charitable giving, lobbying, nonprofit operations, and tax & fiscal policy
• Resources from Independent Sector - analysis of pertinent legislation

Books on Financial Management

1. Financial Management for Nonprofit Organizations: Policies and Practices. John Zietlow, Jo Ann Hankin & Alan G. Seidner; John Wiley & Sons, Inc: Hoboken, New Jersey; 2007. Experienced financial professionals offer helpful advice in this comprehensive guide on managing financial resources, establishing and revising financial policies, accounting, budgets, financial reports, investing for the short and long-term, and controlling and managing risk. Case studies, checklists, tables and sample policies are included.
2. The Budget-Building Book for Nonprofits: A Step-by-Step Guide for Managers and Boards (2nd Edition). Murray Dropkin & Bill LaTouche; Jossey-Bass: San Francisco, CA; 2007. A budgeting tool kit designed to give nonprofits everything they need to prepare, approve and implement budgets. Provides a simple, systematic method to create, maintain, and track budgets using examples, worksheets, schedules, and hands-on tools.
3. Wiley Not-for-Profit GAAP 2020: Interpretation and Application of Generally Accepted Accounting Principles for Not-for-Profit Organizations. Richard L. Larkin & Marie DiTommaso; John Wiley & Sons, Inc.: Hoboken, New Jersey. This comprehensive, easy-to-use guide describes accounting and financial reporting principles and issues, reviews accounting literature, and provides many examples and illustrations. A thorough disclosure checklist for financial statement preparers is included.
4. Bookkeeping for Nonprofits: A Step-by-Step Guide to Nonprofit Accounting. Murray Dropkin & James Halpin; Jossey-Bass: San Francisco, CA; 2005. This hands-on guide provides a step-by-step primer for bookkeepers or treasurers new to non-profit accounting. Describes actual entries and the reasoning behind them, basic accrual accounting, budgets, reports, cash forecasts, and tax returns.
5. Not-for-Profit Accounting Made Easy (2nd Edition). Warren Ruppel; John Wiley and Sons, Inc.: Hoboken: New Jersey; 2007. The republished second edition of this book covers accounting fundamentals including financial statements, financial accounting and reporting standards. Rules, principles and practices of accounting are explained using easy to understand tables, exhibits, and charts.
6. Streetsmart Financial Basics for Nonprofit Managers. Thomas A. McLaughlin; John Wiley & Sons, Inc.: New York; 2016. This book provides accessible information on how to read, interpret and implement financial data to make management decisions. Resources include a CD with examples, templates for financial reports, checklists, documents, tables and checklists.