Main Content
2.7 Financial Condition and Activities: UUA Governance Manual
2.7 Financial Condition and Activities: UUA Governance Manual
UUA Governance & Management

The President shall not cause or allow conditions that would jeopardize the Association’s fiscal health.

Further, without limiting the scope of the foregoing by this enumeration, the President shall not:

  1. Fail to cooperate fully with the annual audit of the Association’s financial statements, or to sign the financial statements and certify that they fairly represent the financial condition and operations of the Association.
  2. Fail to monitor revenues and expenses against the Board-approved budget, or fail to make timely reports on significant variances.
  3. Permit the Association to accept gifts of tangible or intangible property (including financial assets) which expose the Association to financial, legal, or other risk; that are inconsistent with the Shared Vision (ENDS); or that violate the Association’s Gift Acceptance Guidelines.
  4. Acquire, encumber, make significant renovations to, or dispose of real property, or lease significant amounts of space, without prior Board approval, except that the President may accept and promptly dispose of real property donated to the Association. Before requesting Board approval for any such action, the President shall not fail to provide to the Board a detailed proposal, including an assessment that compares proposed and current facilities, and a plan for communicating the rationale for property decisions to congregations.
  5. Receive, hold, or disburse any funds that are not reported in the consolidated financial statements of the Association or the UUA Employee Benefits Trust.
  6. Enter into any secured debt over $50,000 without prior Board approval.
  7. Allow under any circumstances spending in excess of 0.5% more than the Board approved, unrestricted budget without the approval of the Board.

Like, Share, Print, or Explore

For more information contact administration@uua.org.

Find everything tagged: