Finance for the Not-For-Profit Sector

Workshop Wednesdays is a new joint initiative between AOE Arts Council and the Ottawa Arts Council to offer informative and interactive workshops to local artists and arts organizations across the Ottawa region. For the first workshop in the series, we are co-presenting 'Finance for the Not-For-Profit Sector' with Ottawa Festivals.

Improve your understanding of not-for-profit finance reporting and decision making! This workshop will be of interest to those involved in managing their finances or overseeing the finance department as well as those involved in the finance role.

Date: Wednesday, November 9, 2016
Time: 4:30pm – 7:30pm
Location: Richelieu-Vanier Community Centre, Workshop #1, 300 Pères-Blancs Ave, Ottawa
Fee: $20 AOE Arts Council, Ottawa Arts Council, and Ottawa Festivals members
$30 Non Members
To register: Eventbrite (Seating is limited, register now to avoid disappointment!)

4:30 pm: Arrival, registration and hospitality

4:45 – 6:45 pm Part 1 - Finance:
Topics will include:

Understanding the types of financial statements
Financial policies, roles and responsibilities and internal controls
Responsibilities of the finance and audit committee(s)
Budgets: strategic planning and budget analysis; managing budgets effectively and making budget decisions; cash flow analysis; cash versus accrual; depreciation
Audit Preparation
GST/HST – tax planning opportunities to save tax dollars

6:45 - 7:30 pm Part 2 - SEF:
Ottawa Festivals Sustainability and Emergency Fund (SEF) presentation: Created in 2007, SEF is a component of an overall strategy to bring greater stability to the festival, special event and fair industry and administered by Ottawa Festivals and The Crawford Group. SEF assists participating members with their ongoing cyclical cash-flow needs, provides a source of emergency funding when unforeseen events create a significant financial loss, and provides a worthwhile alternative to your investment needs. Join Ottawa Festivals’ Board Treasurer, Janet Sellwood, along with David Crawford of The Crawford Group as they highlight the plan details and share how members can benefit from this program.

Upcoming Workshop Wednesday Events

more details to be announced

Dec 7, 2016         Finance and Financial Planning for Individuals in the Arts
Jan 18, 2017        Audience/Friend Development - Strategies and Basics
Feb 1, 2017         Conversations not Proposals, Strategies for revenue development success
March 8, 2017    Panel: How to expand your audience – through interdisciplinary and inter-sector partnerships
April 12, 2017     Leveraging audiences and supporters: Now that you’ve got ‘em, how do you keep them?
May 17, 2017      Workshop Wednesdays Wrap Session