LFFC Finance Policy

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Financial Policy Approved May 23, 2017 - BD010

Local Food and Farm Co-ops is an Ontario non-profit, co-operative. Its financial management policies are established by the Board of Directors which has fiduciary responsibility. The Board of Directors may delegate limited authority over its financial affairs to the Treasurer who functions as the Chief Financial Officer and to the appropriate staff of the organization; however, the Board retains full responsibility and fiscal authority. The Treasurer works directly with the Management to oversee the management of fiscal procedures and regularly reports on financial position and investments to the full Board. The Executive Director is the staff person responsible for day-to-day operations of Local Food and Farm Co-ops and is accountable to the Board of Directors. The following fiscal policies and procedures have been approved by the Board of Directors

May 2017.