A nonprofit board of directors has many responsibilities; one of the most important is their fiduciary responsibility. In order to fulfill this core responsibility, the board relies on the financial information provided by the finance department.

The finance department is responsible for providing accurate, reliable, and timely financial information, allowing the board to make their decisions. In some organizations, the board may enlist a finance committee to review and summarize the more detailed financial information. The following are some things for finance personnel to consider to ensure they provide the information to the board in the most effective way possible.

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