Standard #26 Financial Obligations

The club can demonstrate that all statutory remittances are made and that the board or a board committee receives from management assurance that all statutory remittances have been made in accordance with applicable legislation.

 

Examples of Evidence

  • Board minutes demonstrating the board’s knowledge that the club is following legal requirements with respect to provincial and federal sales tax requirements and employee or contractor source deductions

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Previous Standard:
#25 Financial Transparency
Next Standard:
#27 Funding and Solicitations

Related Resources

Board Development: Financial Responsibilities

The Muttart Foundation

A self-guided workbook for the policy governing board member who has little or no financial background.