Project Finances

The finance committee or treasurer is responsible for establishing an account for the project if applicable, collecting and depositing donations and writing checks for purchases or for payments to Habita. The finance committee reports to the steering committee on income and expenses.

Responsibilities

• Record all financial transactions for the project
• Deposit all receipts
• Issue all payment checks
• Distribute a monthly report to the steering committee

Suggestions

Appoint a treasurer for your Habitat Project, preferably a volunteer with an accounting or bookkeeping background.

Establish a Habitat project bank account where donations (if you are fundraising) may be deposied until a payment to Habitat is due. This reduces the number of personal checks FCHH must process. (Individual checks that come to FCHH without some indication they are for your particular project may not be properly credited to your project!)

All disbursements are coordinated by the Habitat Project Treasurer.

Policy regarding sponsorship payment:

• One third of total payment at groundbreaking
• One third of total payment at week 7
• Remaining payment (with in-kind deducted) at completion

Thank you letters acknowleging individual donations for tax deduction purposes will be mailed as long as we receive a list of donors and the amount they contributed.

Insurance

We do not require construction volunteers to sign a release or waiver. If a volunteer is injured and their own medical insurance does not cover certain costs, FCHH's secondary insurance will generally cover these as long as an accident report was filed and reciepts are provided.