Here are some key components in River Region United Way's commitment to ensuring the highest possible level of accountability:
Code of Ethics: River Region United Way has adopted a code of ethics and is committed to operating at the highest ethical standards, including complying with generally accepted accounting principles, providing full and fair disclosure of all relevant information, and spending donor money efficiently, objectively and honestly.
Annual independent audit: River Region United Way annually submits to an independent financial audit and has consistently received an unqualified letter (often referred to as a clean opinion letter). Appropriate accounting safeguards are in place to ensure that no one employee has access to both physical assets and the related accounting records or to all phases of transaction. Internal control procedures are regularly reviewed by United Way auditors and Finance Committee members.
Board of Directors: The River Region United Way Board of Directors meets no less than six times per year and discusses and approves financial statements at every meeting.
Finance Committee: The Finance Committee, comprised of community members with specialized and significant experience in nonprofits, banking, public accounting and investing, review and monitor the day to day fiscal operations of River Region United Way, including reviewing the budget and annual audit. These volunteers meet at least four times a year.
Investment Committee: The Investment Committee, comprised of volunteers with expertise in financial planning and investments, meet at least four times a year to review and monitor all investments of River Region United Way.
Conflict of Interest: All board members annually sign a conflict of interest policy requiring them to disclose if they or someone related to them would benefit from any decisions made by the River Region United Way Board of Directors.