Excess Cash in Not-for-Profits
Manage episode 297885155 series 2936062
What should you do if your NFP in Australia finds itself with too much spare cash?
You need some cash on hand for working capital and your business continuity plan, but what do you do if you have more than that? You could invest the spare cash, grow your funds until you’re ready to spend them according to you purpose.
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If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.
Visit the downloads page to access helpful accounting spreadsheets, templates and budgets.
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